New Zealand Hotel Market Snapshot October 2017

New Zealand Hotel Market Snapshot October 2017

The New Zealand tourism sector continues to enjoy record-breaking inbound travellers with a total of 3.7 million visitors arriving in the country for the year ended August 2017, a 9.3% increase year-on-year. Strong guest demand together with minimal new hotel inventory over the past six months, have again culminated in record occupancy rates and RevPAR growth in many of our key markets; Auckland and Queenstown.

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