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

 


New Zealand hotel prices experience strong rebound

MEDIA RELEASE

New Zealand hotel prices experience strong rebound
• New Zealand hotel prices rise by 7%, above global increase of 4%
98% of Kiwi destinations analysed see increase in hotel prices

Auckland, 2 September 2013 – The latest Hotels.com® Hotel Price Index™ (HPI) reveals the average price of a hotel room in New Zealand increased by seven per cent to $157 per night in the first six months of 2014 compared with same period in 2013. This rise was above the global increase of four percent.

The healthy increase in hotel prices comes off the back of a 5.9% [1] increase in visitor numbers to New Zealand since last year, breaking a 12-month hotel price slump the region experienced following the knock-on effect of the natural disasters that took place between 2011 and 2012.

Ninety-eight per cent of Kiwi destinations included in the HPI report saw an increase in price, with New Plymouth being the biggest riser (13%) taking the average hotel price to $140. Paihia came in at second place (11%) increasing to $160. Queenstown, Franz Josef Glacier and Dunedin were the third largest risers (10%), with average room rates moving to $199, $163 and $153 respectively.

Almost all major cities registered a healthy growth, with both Auckland and Wellington’s hotel prices increasing by 7 per cent and 4 percent respectively to $148 per night each. Hotel prices in Christchurch remained the same at $163 a night.

Hamilton and Invercargill, were the only destinations in the region to experience a decrease.

Commenting on the report, Katherine Cole, Regional Director, ANZ & Singapore for the Hotels.com® brand, says: “The New Zealand tourism industry has continued to rebound following the spate of natural disasters since 2011 and has gone from strength to strength in the last three years. Increased visitor numbers to the region means hoteliers are well poised to enjoy continued growth.”

Average hotel prices in H1 2013 compared with H1 2014:

DestinationH1 2014H1 2013% change
Lake Tekapo$208$1909%
Queenstown$199$18110%
Wanaka$180$1696%
Blenheim$168$1652%
Christchurch$163$1630%
Franz Josef Glacier$163$14810%
Paihia$160$14411%
Tauranga$160$1488%
Fox Glacier$158$1570%
Taupo$156$1551%
Dunedin$153$13910%
Auckland$148$1397%
Wellington$148$1434%
Nelson$143$1420%
Te Anau$142$1319%
New Plymouth$140$12413%
Rotorua$131$1264%
Hamilton$126$127-1%
Palmerston North$119$1108%
Invercargill$106$114-7%

Kiwi traveller habits
The strong New Zealand Dollar in the first half of the year meant Kiwi travellers had the luxury to spread their wings.

In the first half of 2014, Kiwis favoured passion over price when it came to travel, with 50 per cent of their favourite 10 holiday destinations also listed in the top 10 destinations where they paid the most to stay.

New York, a popular destination for Kiwis, saw a 6 per cent increase to $335 on average per night, keeping it in top position as the destination were Kiwis paid the most in the HPI. Las Vegas was New Zealand’s third most popular destination, experiencing a healthy 20 per cent increase to $159 per night. Also on the list was Honolulu, ranking 5th in popularity at $295 per night making it the third priciest destination for Kiwis. San Francisco in at 9th most popular destination; up 8 per cent to $267, was the fifth priciest destination.

Further revealing Kiwis were happy to splash their cash when travelling abroad, the HPI showed Kiwis spent an average of $181 on a hotel room per night, compared to $134 when at home. This put Kiwis in the 11th spot for top spenders on international hotel stays worldwide for the second year in a row, just behind their trans-Tasman neighbours, with Australians taking out the 10th spot.

Katherine Cole said: “It’s great to see Kiwis are taking advantage of the strengthening Kiwi dollar to visit big-ticket bucket list destinations.

“With the Kiwi dollar holding ground, we expect regions like the US and Europe to continue to feature prominently in Kiwi travel plans. As always though, Kiwis will look to travel to value for money destinations like Australia and Asia, with Bali at $138 per night registering as the eighth most popular destination for Kiwi jetsetters.”

Top 10 destinations for New Zealand travellers:

RankDestinationH1 2014
(NZD)
H1 2014 rank in terms of price
1Melbourne$19322
2Sydney$21315
3Las Vegas$15926
4New York$3351
5Honolulu$2953
6Gold Coast$17225
7London$2754
8Bali$13832
9San Francisco$2665
10Singapore$23310

[1] http://www.stats.govt.nz/browse_for_stats/population/Migration/international-visitor-arrivals-may-14.aspx


- ENDS -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news