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New Zealand Hotel Market Snapshot

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NZ_AucklandCBD_Hotels_NZ Hotel Market Snapshot February 2023

February 2023

Colliers is pleased to present our latest New Zealand Hotel Market Snapshot providing a synopsis of the 2022 calendar year and a brief outlook to 2023 and beyond.

The New Zealand hotel market continues on its strong ADR-led recovery path since the full re-opening of the country's borders in August 2022. With our second largest international source market, China also now back open and an expanding ramp up of international airline capacity, all indications are now suggesting that we will see an earlier than anticipated recovery to pre-pandemic levels.

On the investment front, although transactional activity remained buoyant in 2022 on the back of robust domestic demand, there were limited larger transactions, with notable deals including the 286 room Stamford Plaza Auckland and the 450+ room YHA Portfolio.

Download the report today to read the latest on the New Zealand hotel sector.

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New Zealand Hotel Market Snapshot

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Related Experts

Dean Humphries

National Director | Hotels

Auckland CBD

Dean is a highly respected hotel investment advisor specialising in the disposal, acquisition and valuation of hospitality and tourism assets.  Dean provides advice to many institutional and tourism related entities including those noted in the client info tab.

Dean is also actively involved in a range of work in the wider South Pacific basin including; Fiji, Tonga & Samoa.

Dean joined Colliers International in May 2013 as National Director, Hotels for New Zealand and the South Pacific.

Prior to that Dean was Executive Vice President of Jones Lang LaSalle Hotels & Hospitality Group New Zealand & Queensland with over 25 years’ experience in the wider property industry.

He has also been actively involved in the wider property industry, holding a senior lecturing position at the University of Auckland between 1999 and 2011.

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Jackie Su

Senior Analyst & Investment Broker

Jackie joined Colliers International in January 2018, after completing his Bachelor of Commerce with First Class Honours in Finance at the University of Auckland and has since completed his Master’s degree. Jackie’s background in finance provides a strong foundation for specialisation in the hotel industry.

Jackie’s primary responsibilities include assisting Dean Humphries with client management and investment analysis during various divestment and advisory assignments. In addition, Jackie is fluent in Mandarin which enables the Colliers International New Zealand Hotel Division to effectively communicate with Chinese and other Asian clients and investors.

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