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New Zealand Hotel Market Snapshot

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New Zealand Hotel Market Snapshot March 2021

March 2021

Just over 12 months on from the onset of Covid-19 and the first national lockdown, New Zealand’s hotel sector at last has some positive factors to focus on.

A global vaccination programme is well underway, particularly in our key inbound markets, and a bi-lateral travel bubble with Australia will commence on 19 April, providing considerable pent up demand from our largest and most important inbound tourism market.

From a hotel investment perspective, hotel yields continue to remain at historic lows on the back of the low cost of capital and wider yield compression across other asset classes.

Recent sales of the 82 room, 5-star Sofitel Queenstown and 65 room Discovery Lodge Queenstown support firming yields and minimal downward pricing movement from pre-Covid levels for quality strategic assets.

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New Zealand Hotel Market Snapshot

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Related Experts

Dean Humphries

National Director | Hotels

Auckland CBD

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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