Colliers | New Zealand Hotel Market Review

2020

The Colliers International Hotels division is pleased to share with you the Year in Review of the New Zealand Hotel sector 2020.

The absence of virtually all international demand since March 2020 resulted in occupancy levels declining significantly across all key regions. However, hotel room rates showed real resilience, supported by government contracted mandatory isolation business as well as the domestic leisure and corporate sectors.

Despite the many challenges the wider hotel industry is facing with Covid-19, robust investor demand remains for prime strategic accommodation assets, with contracts being exchanged on two significant hotel assets Q4 2020.

New Zealand Hotel Market Review

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Related Experts

Dean Humphries

National Director | Hotels

Auckland CBD

Call now +64 9 358 9896

Call Mobile +64 21 408 156

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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Chris Bennett

Director | Hotel Advisory & Valuation

Auckland CBD

Call now +64 9 356 8802

Call Mobile +64 21 707 103

Chris specialises in the provision of valuation and consultancy advice for hospitality and tourism assets in New Zealand and South Pacific. Chris is a Registered Valuer with a strong background in real estate and finance.

Chris originally joined the Colliers International NZ Limited’s Valuation & Advisory Services Team in October 2003 becoming registered in 2007. Subsequent to registration Chris spent four years working for a property firm in the UK, before returning to Colliers in April 2011. In 2015 Chris moved to the ANZ as a manager of the Property Risk team before re-joining Colliers International in June 2017 as Director – Hotel Advisory and Valuation.

Chris’ experience gained while in the working and travelling over the past 16 years has provided him with a sound knowledge of the tourism real estate industry and banking procedures.

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