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


New Investment To Fast Track Kiwi Pod Hotel’s International Expansion

A popular Kiwi pod-hotel chain is set for a period of rapid expansion following its partial sale to one of Australasia’s largest hospitality and experiences brands.

Jucy Snooze QTown exterior

Under the new joint venture agreement, 50% of Jucy Snooze has been sold to Event Hospitality & Entertainment Limited (EVENT), an ASX listed company with a market capitalisation of A$2bn and more than 9,000 employees across Australia, New Zealand and Germany. The company operates the largest cinema circuits in these countries alongside more than 60 hotels across the Rydges, QT and Atura brands and Australia’s premier ski and adventure destination, Thredbo Resort.

Jucy Snooze, a micro-accommodation provider which has hotels in Auckland, Queenstown and Christchurch, is New Zealand’s first hotel chain to offer pod-style rooms for budget-conscious travellers.

According to data from one of the world’s largest online travel agencies, Jucy Snooze is the most frequently booked accommodation offering in Christchurch and Queenstown; with a new property under development in Auckland’s CBD (per data to the year ending Feb 3, 2020).

Jucy CEO Tim Alpe says the deal is significant as it will allow the company to accelerate the expansion of the chain throughout New Zealand, Australia and into other international markets.

Girls in pods

“We were approached by the EVENT team as they had seen our unique accommodation offering and were wanting to move into the growing ‘flash-packer’ market.

“They bring significant experience in hotel development, procurement, food and beverage, and operations as well as capital investment and access to new sites in Australia which will allow us to fast track the export of the Jucy Snooze concept into that market.

“Without this investment, we would have been able to open a new site every few years, but we now hope to significantly expand the Jucy Snooze offering over the next five years to cater for the growing demand for this product offering,” he says.

Alpe says in addition to planned sites in Australia, the deal will mean more accommodation in sites around New Zealand as well as increased employment and regional spending in those areas.

Balcony queen

“We have been wanting to move into the Australian market for some time; the locations of the new hotels will be aligned with the distribution of our vehicle rental fleet which provides a more seamless travel experience for the target market,” he says.

Jane Hastings, CEO of Event Hospitality and Entertainment says “We are excited to partner with Jucy Snooze and help drive its expansion, while opening up a new growth segment for the EVENT Group. We look forward to growing the brand throughout Australasia and other parts of the world, utilising our expertise and relationships.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Air New Zealand: Employees Recognised With $1,000 Share Award

The efforts Air New Zealand employees made during one of the airline’s toughest years will be recognised via an award of $1,000 worth of company shares to all permanent employees... More>>

Consumer NZ: Bank Complaints On The Rise, Survey Shows

Nearly one in five Kiwis had a problem with their bank in the past year, Consumer NZ’s latest satisfaction survey finds. Consumer NZ chief executive Jon Duffy said the number of bank customers reporting problems had jumped to 18%, up from 11% in 2020... More>>

Federated Farmers: Applauds UK-Australia Free Trade Deal

News that Australia and the UK have signed a free trade agreement is a promising step forward in the fight against tariffs and protectionism, Federated Farmers says.
"It reinforces the international rules-based trading framework and is important for rural producers and global consumers," Feds President Andrew Hoggard says... More>>

ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>

Stats NZ: GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip

Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today. "After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021... More>>

Reserve Bank: Debt Serviceability Restrictions Added To Policy Toolkit

The Reserve Bank – Te Pūtea Matua and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available... More>>