The New Zealand Hotel sector continues its pathway to recovery in the YTD 30 June 2021. Key performance indicators have improved against the same period last year, when we first entered into a Covid impacted trading environment.
The long awaited opening of the trans-Tasman travel bubble in April has been welcomed by the wider industry, with over 113,000 Australian arrivals to date.
In addition, the nationwide vaccination rollout will enter its full phase in Q3 and Q4 of this year, which will ensure New Zealand can safely reopen its borders to international visitors from H1 2022.
As a result, investment enquiry for hotels is also increasing from a range of parties, who foresee a robust recovery for hotel assets in the short/medium term.
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