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New Zealand Hotel market snapshot - April 2016

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New Zealand Hotel market snapshot - April 2016

The New Zealand tourism industry has witnessed its strongest summer in history with over 3.26 million international visitors reaching our shores in the year ended March 2016, a 10.4% increase over the same period in 2015. New Zealand continues to be a favoured destination for offshore visitors due to an attractive dollar and our reputation as a safe place to travel.

This surge in visitors has translated into record occupancy levels across the New Zealand hotel sector, with many key centres at or near full capacity over the peak summer period. Queenstown recorded an occupancy of 92.6% in the year to date March 2016 with Auckland reaching 90.2%. Rotorua continues to show exceptional performance, with an occupancy of 88.7%, and Christchurch and Wellington recorded occupancy rates of 88.5% and 82.8% respectively.

Source : Colliers International

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