Market Report: New Zealand
By Stephen Hamilton on June 14, 2019
The performance of the New Zealand hotel industry plateaued in 2018, although at a relatively high level compared to recent decades. Government international visitor arrival projections, despite having been revised downwards, are still reasonably positive in the medium term. Hotel demand growth will be supported by new international standard conference centres opening in major cities over the next five years, and continue to be supported by destination marketing and economic development agencies. However, targeted property rates and other proposed hotel and tourism taxes, peer-to-peer accommodation, and a significant increase in hotel room supply will provide challenges for the industry.