1st March 2024 Hotels / STR
Average weekly occupancy across Christchurch’s hotels has surged over 90%, according to figures from STR.
Auckland has had a good February with average weekly occupancy and ADR climbing to a summer high last week, according to figures from STR.
Average weekly occupancy across New Zealand has been hovering just above 70% since mid-January, according to figures from STR.
The strong summer has seen Queenstown’s hotel market recover to pre-Covid levels, according to figures from STR.
Activity across Wellington has been growing steadily since mid-January, according to figures from STR.
Christchurch was the best performing of the city markets in terms of occupancy.
Average weekly hotel occupancy across New Zealand slid to 56% in mid-December, according to figures from STR, as the major metropolitan markets saw demand fall as expected before the Christmas break.
The country’s largest hotel market managed to pass the 90% daily occupancy mark in 2023 for the first time since the pandemic hit, according to figures from STR.
Average weekly occupancy across New Zealand fell last week with all major markets sliding into the first week of summer, according to figures from STR.
Auckland’s hotel market has enjoyed a strong end to spring, according to figures from STR.
Occupancy and ADR trends across New Zealand’s major hotel markets appear to be normalising, according to figures from STR.