The FIFA Women’s World Cup has given the country’s major hotels a mid-winter lift with revenue per available room exceeding pre-Covid levels, according to Horwath HTL.
Despite not hosting any FIFA Women’s World Cup matches, Christchurch’s hotels still appear to benefiting, according to figures from STR.
The operator returns to profit after reporting loses for the past two years because of Covid.
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The capital has enjoyed a sharp increase in hotel occupancy and ADR since the start of the FIFA Women’s World Cup.
A big week of sport has given Auckland’s hotels a nice mid-winter boost, with occupancy nearing 76%, according to figures from STR.
Average weekly occupancy across New Zealand’s hotel market dipped last week, according to figures from STR.
Queenstown’s hotels are enjoying a good mid-year holiday period with average weekly occupancy hitting a 2023 high last week, according to figures from STR.
Horwath HTL also notes that RevPAR over H1 2023 has surpassed pre-Covid, driven by strong ADR.
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After sliding following TRENZ in early May, Christchurch occupancy has seen a decent start to winter, according to figures from STR.
Thirty-one hotels across the country have secured bookings from the tournament organisers.
The opening of the ski season has finally turned around occupancy in Queenstown with the first consistent increases – albeit modest – seen since the Easter and school holidays in April.
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And the highly anticipated FIFA Women’s World Cup is yet to turn into significant bookings for operators.
Wellington is the first of the major NZ hotel markets to record occupancy down on 2022.
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Hotel occupancy across New Zealand’s largest hotel market was steady over May, hovering around 65%, according to figures from STR.
JW Marriott has unveiled its guest room design concepts as part of its $25m refurbishment project of the former Stamford Plaza.
Average weekly occupancy across New Zealand’s whole hotel market was relatively stable over May and enters winter at around 60%, according to figures from STR.
Queenstown’s hotel market appears to have bottomed out with average weekly occupancy hovering around 56% for the past couple of weeks, according to figures from STR.
Millennium & Copthorne NZ hopes the purchase will open doors to further deals across the ditch.
Average daily rates across the country were up significantly in April compared to the same month in 2019, according to Horwath HTL.
TRENZ 2023 at Te Pae Christchurch saw the southern city report the best occupancy rates of the country’s major hotel markets.
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Wellington’s occupancy rate bounced back last week after sliding for most of March and April, although the lift may prove to be shortlived.
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Hotel occupancy across Auckland fell after the series of holidays enjoyed in April, which started with Easter, followed by the end of term one school holidays, and then ANZAC Day last week.
Most of New Zealand’s major hotel markets managed to arrest the autumn occupancy slide seen in March to bounce back in April.
Queenstown received a small bump in occupancy during the Easter break and the first week of the school holidays, according to figures from STR.
InterContinental Wellington will open the doors to its new GPO restaurant on 21 April.
Occupancy in most of NZ’s key markets is down on pre-Covid but supply has grown significantly since then.
Wellington’s hotel market has cooled with the average weekly occupancy high of 87% seen in late February sliding below 60% in the week to Easter.
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With all of the country’s major hotel markets sliding into the middle of autumn, Christchurch appears to be holding up best.
New Zealand’s major hotel markets appear to have experienced a rarity during the recovery – a steady, stable month not unduly influenced by weather extremes, strong growth due to border openings, or any other major issue, save possibly ongoing capacity constraints due to staff shortages.
Refurbishments are soon to start at Copthorne Hotel & Resort Bay of Islands and the Millennium Hotel Rotorua.
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The country’s largest hotel market has seen off summer’s extreme weather to stabilise at just above 80% occupancy since late February.
Average weekly occupancy across Queenstown has remained stable at around 75% – 80% since early February, indicating good demand from international visitors, who typically give the resort a boost after Kiwis return to work and school.
Distinction Hotels Group’s acquisition of the 253-room Mount Cook Hotel Collection has helped drive deal value past $100m already this year with more on the way, says agent JLL.
Christchurch’s strong run of occupancy growth came to an end last week, with the city’s hotel market sliding back for the first time since the post-Elton John bump in late January.
Securing a new property, fresh partnerships and a revamp of its Auckland hotel rooms are all on the agenda this year for the operator.
The value of hotel, motel and other short-term accommodation consents dropped to $12m in January 2023, according to Stats NZ’s latest building data.
Ed Sheeran’s concert at Wellington’s Sky Stadium in early February gave the capital’s hotel market a timely shot in the arm following the summer slumber.
The country’s hotel market continued to strengthen into late summer despite the extreme weather seen in parts of North Island.
Hotel profitability remains under pressure despite the return of international visitors, according to Horwath HTL.
Millennium & Copthorne Hotels managed to increase revenue in 2022 but rising costs ate into profit in another “tough” year for the operator.