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ITC Industry News Bulletin #12

Posted on 06/08/2015 by
In the first ITC Industry News Bulletin for August, hotels across New Zealand are performing exceptionally well, cycling holidays are taking off and much more.

In the first ITC Industry News Bulletin for August, hotels across New Zealand are performing exceptionally well, cycling holidays are taking off and much more.

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Hotel Room

Stellar year for NZ hotels

Hotels across New Zealand are performing exceptionally well according to new data released by the Tourism Industry Association (TIA). The research was based on all TIA-member hotels, of which there are nearly 140 around the country. The average occupancy in these hotels during 2014 was 75.7%, while the average daily rate was $144.

“Almost every region saw record results last year, with the exception of Christchurch where a significant recovery in the supply of available rooms due to hotel openings and re-openings has affected the occupancy statistics,” TIA chief executive Chris Roberts said in a statement.

“These positive trends have continued in 2015 and as a result, we are seeing reinvestment with a number of hotels undergoing refurbishment. And investors are responding to demand with more hotel developments around the country that we have seen for quite some time,” he added.

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