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

 



Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>


Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>




Fonterra: Increases 2021/22 Forecast Farmgate Milk Price

Fonterra Co-operative Group Limited today increased and narrowed its forecast Farmgate Milk Price range to NZD $7.90 - $8.90 per kgMS, from NZD $7.25 - $8.75 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $8.40 per kgMS, from NZD $8.00 per kgMS... More>>




Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>