Colliers is pleased to present our latest New Zealand Hotel Market Snapshot.
The New Zealand hotel market continues on its strong recovery path on the back of a full opening of the country's borders and a gradual ramp up of international airline capacity.
Recovery has thus far been driven by strong room rates across the country and despite recovery in Occupancy still lagging, 3 of the 5 main regions have now recorded quarterly RevPAR above the corresponding period in 2019.
All indications are now suggesting that we will see an earlier than anticipated recovery to pre-pandemic levels.
Download the report today to find out more on the latest performance of the New Zealand hotel sector.