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

 

NZ Hotel Investment Forum Brings ‘challenged’ Industry Together

August, 2021 – JLL and MinterEllisonRuddWatts together hosted the New Zealand Hotel Investment Forum on Thursday 5 August.

Panels of front-line experts both in New Zealand and streaming live from Australia and Singapore discussed key issues and opportunities for 2021 and beyond, as well as strategies to successfully navigate the current hotel environment.

In addition to the co-hosts, the diverse line-up of speakers included representatives from Accor, ANZ, IHG Hotels & Resorts Group, Marriott International, New Zealand Hotel Council, and Radisson Hotel Group.

More than 75 people attended the event in Auckland with the hybrid event also streamed to an international audience.

“There are a myriad of challenges facing the hotel industry today and these change quickly in the current Covid environment,” says Andrew Monteith, Partner – Property and Real Estate, MinterEllisonRuddWatts.

“Given this, there has been little opportunity for the sector to come together to network and discuss future strategies, which is what the New Zealand Hotel Investment Forum is all about.”

JLL New Zealand Hotels & Hospitality Group Vice President Nick Thompson says the only constant in the industry has been uncertainty, but the future is looking promising.

“From hotels owners looking for financing solutions amid pandemic uncertainty to identifying pockets of optimism as domestic tourism thrives and borders begin to open, the hotel industry has been constantly adapting,” says Thompson.

“However, there are positive signs emerging. Domestic tourism is thriving especially in regional centres, we’re seeing substantial development across the country with many projects commencing and continuing unabated, and with hygiene now a key amenity we’ve seen the market increasingly opt for hotels over Airbnb options.”

Co-hosted by JLL New Zealand and MinterEllisonRuddWatts, the New Zealand Hotel Investment Forum was a hybrid event with sessions including a regional overview, an update from the New Zealand Hotel Council, an Operational discussion, and a debt panel followed by networking drinks.

Full session recordings are available to view on demand.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Westpac NZ: Warns About Sophisticated New Scam
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus.
The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery... More>>



Campaign For NZ Coastal Tankers : Says Fuel Security At Risk

Three unions representing New Zealand shipping crews are mounting a united campaign to protect New Zealand’s fuel security and save New Zealand coastal tankers... More>>



Tourism: Travel Bubble With Cook Islands Resumes

Cook Islands tourism restarts today, ending a five-month border closure due to COVID-19. Graeme West, General Manager Australasia for Cook Islands Tourism Corporation, said today’s first flight of quarantine-free travel from New Zealand to the Cook Islands is very significant... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>

Fonterra: Revises Milk Collection Forecast
Fonterra Co-operative Group Limited today revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS... More>>