Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New luxury hotel to boost Auckland economy

New luxury hotel to boost Auckland economy

A new five-star hotel development on Auckland’s waterfront will strengthen the region’s visitor economy says Auckland Tourism, Events and Economic Development (ATEED).

Waterfront Auckland and Beijing based developer Fu Wah International Group have formed a partnership to build a 200 room hotel on the western edge of the Viaduct Harbour by 2017.

ATEED Chief Executive Brett O’Riley says the new hotel will be excellent for Auckland and help contribute to growing the visitor economy, in line with the targets in the Auckland Visitor Plan.
“The hotel – in its amazing location on the water’s edge in the heart of Auckland’s innovation precinct – will enhance our premium accommodation offering. As part of our strategy to attract more high-net wealth individuals to holiday and do business here, we’ve been working with the Fu Wah Group to help them identify the advantages of doing business in Auckland," he says.
“We are focussed on positioning Auckland as a premium destination and having a globally recognised luxury hotel will add to the tourism offering.”

This announcement comes alongside a strong summer for Auckland’s tourism industry. In February Auckland experienced its best ever summer month, with record-breaking international visitor arrivals and an unprecedented 93 per cent hotel occupancy rate.

The hotel development is also a strong signal of new growth in Auckland’s economy and its ability to attract large-scale international investment.

ATEED – on behalf of Auckland Council – works to grow the visitor economy in line with the targets in its 10-year Auckland Visitor Plan. The plan aims to double the contribution from the Auckland visitor economy, growing it from $3.33 billion in 2010 to $6 billion annually in 2021.

ATEED’s approach aligns with the new growth framework for the New Zealand tourism industry: ‘Tourism 2025 – Growing Value Together’ – which has a focus on growing value, rather than simply growing visitor numbers.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news