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New Zealand Hotel Market Snapshot

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New Zealand Hotel Market Snapshot  June 2021

June 2021

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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New Zealand Hotel Market Snapshot

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Related Experts

Dean Humphries

National Director | Hotels

Auckland

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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