2019 Review and 2020 Outlook
The New Zealand Hotel sector continues to prosper as a result of robust growth in international visitation numbers and our domestic market.
This has helped maintain high volumes of demand across the country resulting in the majority of key markets being at or near record performance levels in 2019.
The exception was Auckland, which saw a decline despite maintaining a healthy occupancy rate. Fewer major events, the postponement to the opening of the New Zealand International Convention Centre (NZICC) and increasing levels of new supply have precluded hotels from holding room rates at historic highs.