Around the world, YHA has not kept up with the times and faces considerable pressure.
Has an Australian-backed venture with Kiwi connections secured the coveted portfolio?
There has been good interest among both domestic and international parties for the group of YHA-managed hostels that closed doors in December, says the agent charged with selling the properties.
In a “sad day for YHA and for tourism in NZ” the closures will end 89 years of operations.
New hostel portfolio owner Wolf Herwegh Vonk on his $30m deal with YHA.