Year in review and outlook 2020
The New Zealand tourism sector continues to grow with international visitors reaching 3.9m in 2019, an increase of 0.8% on the previous year. This coupled with strong demand from the domestic market has helped maintain robust volumes of business across the country and has resulted in the majority of NZ’s key markets being at or near record high RevPAR levels.
In the Australian hotel investment market 2019 delivered a consistent flow of hotel transactions with total activity surpassing $2.2 billion by year end. Deal activity was well above the 20‑year average, both in terms of the total transaction volume (up 39.3 per cent, compared to $1.6 billion annually) and the number of deals concluded (up 25 per cent, compared to an average of 36). This highlights the continued and growing investor appetite for Australian hotels.
Find out more about hotel investment in New Zealand and Australia by downloading the report below.