Hotels, Hospitality & Venues

Occupancy across Auckland’s hotel market appears stable but average daily rate is down compared to this time last year, according to figures from STR.

In a series of articles previewing Budget 2025, the Ticker hears from industry professionals about what they want from the government today.

The Marlborough Riverside Hotel in Nelson Street, Blenheim, is for sale.

Queenstown leads the way but the major urban markets struggle, says the consultancy.

Wellington’s hotel market appears to be heading into winter early with a sharp fall in revenue per available room seen over the second half of autumn.

JW Marriott has opened its new JW Marriott Auckland at 22/26 Albert Street, marking the brand’s debut in New Zealand.

Whakapapa ski field’s new operator says there’s opportunity in the iconic accommodation but it’s not being allowed inside to do its due diligence.

The Singaporean controlled developer did not get across the 90% ownership threshold that would have seen it take full control of the hotel group.

Tourism Industry Aotearoa’s TRENZ event will return to Tāmaki Makaurau Auckland next year.

Christchurch appears to be leading the way out of autumn for the country’s major hotel markets, according to figures from STR.

CBRE’s Michael Simpson, Peter Hamilton and Nick Hill are managing the sale via an international expressions of interest campaign.

NZ Hotel Holdings’ seven hotels, located across the country, could fetch more than $600m.

SkyCity Entertainment Group says it now expects its full year group earnings to fall to around 4% below the bottom of the current guidance range of $225m to $245m.

Hotel giant Accor has won the management contract to manage Bayview International Hotels & Resorts’ Wairakei Resort Taupo.

EVT has been awarded the management contract for Wellington Airport’s new multi-level hospitality venue. 

CDL’s increased offer of $2.80 is well short of M&C’s advice of $4.40 – $5 per ordinary share.

Takapuna Beach Holiday Park in Auckland is set to get 20 new pre-fabricated accommodation and facility buildings.

The country’s hotels are an attractive proposition for foreign investors seeking stable returns and growth, write Russell McVeagh partners.

The developer puts $2.80 per share on the table and says it won’t make another offer for at least nine months.

The figure is more than that traded in the whole of the last two years and about 60% of the record seen in 2021.

The price of domestic accommodation has fallen 2.9% between February and March 2025 this year, according to Stats NZ’s latest selected price indexes.

Queenstown and Nelson/Marlborough lead revenue growth across the country’s hotel sector in March.

After trailing last year’s results since the start of February 2025, New Zealand’s overall hotel market has managed to climb above the performance seen in March 2024, according to figures from STR.

The Labour Inspectorate has completed a compliance operation in the Bay of Islands with dozens of businesses identified for visits by inspectors.

IHG Hotels & Resorts’ boutique brand, Hotel Indigo, has officially opened in Auckland.

Wellington’s hotel market managed to lift itself above last year’s results after a bit of a summer slog, according to figures from STR.

The hotel has welcomed 2.5 million guests since it opened, which it said equated to more than 29 million days of service by its team.

Restaurant Brands opened nine new stores in 2024, taking its portfolio to 521 properties.

Guest nights across New Zealand for the three months of summer were flat due to a subdued domestic market, according to the latest Accommodation Data Programme figures.

Queenstown is the only major hotel market to consistently track above lat year’s performance during the start of autumn, according to figures from STR.