Drop in NZ hotel prices positions market for positive 2013 5 Mar 2013
- Appointments to the New Zealand Film Commission News
- Joyce to visit the Philippines and Viet Nam News
- Winston Churchill Fellows honoured News
- More than 1.2m flu vaccine doses distributed News
- DOC reminds whitebaiters to follow the rules Living
- New Metroport Christchurch brings healthy competition News
- NZ deeply concerned at Israeli settlements announcement News
- New premises for Auckland addiction service News
- World Champs Next for Euro Kart Round Winner Armstrong Living
- Opportunities for Maori in Manawatu-Whanganui News
Drop in New Zealand hotel prices positions market for positive 2013
· New Zealand hotel rates fall by 2% in 2012 to $149 a night; global average up 3%
· Europe offers New Zealand travellers best value for money
Auckland, 05 March 2013 – The latest Hotels.com® Hotel Price Index™ (HPI) has found New Zealand hotel prices fell 2% in 2012 to $149 a night, in contrast to the 3% average global rise. The fall is a significant shift from the 13% increase experienced in 2011.
The strength of the New Zealand currency, coupled with economic uncertainty in the Eurozone, traditionally one of New Zealand’s largest source markets, impacted inbound tourism. The market readjustment following the 2011 Rugby World Cup was also a contributing factor to the fall in prices.
However, the second half of 2012 showed positive signs for the New Zealand hotel market. The consistent increase in Chinese travellers, the 100% Pure New Zealand marketing campaign, and the launch of Tolkien’s movie, The Hobbit, which raised the profile of country on a global scale, all helped to boost tourism. Inbound visitor numbers are expected to continue on an upward trajectory in 2013.
Johan Svanstrom, Vice President and Managing Director, Asia Pacific for Hotels.com, said: “While hotel prices in New Zealand dropped last year, the second half of the year signalled the start of a turnaround, which is set to continue into 2013. According to the HPI, Chinese travellers are the biggest spenders on accommodation in New Zealand. As the number of Chinese travellers continues to grow exponentially, attracting their custom will become increasingly important.”
Spotlight on New Zealand
Cities on the North Island represented the best value for money for travellers*. Average rates in Gisborne were down 11% to $139, Napier fell 7% to $154, Palmerston North dropped 6% to $109 and prices in Auckland were down 5% to $137.
On the South Island, popular holiday destinations rose well above the national average.
Blenheim had one of the strongest results with a 15% rise taking it to $173. The resort town of Wanaka climbed 16% and Lake Tekapo, in the Mackenzie Basin, saw an 8% rise to $189. Queenstown’s hotel prices were flat with at $177 per room per night.
Auckland, Christchurch and Wellington all featured in the list of the world’s 10 most affordable destinations for New Zealand travellers.
The resources boom in Australia and a healthy corporate travel market drove hotel prices higher. Melbourne added 10% moving to $210 and the Gold Coast and Cairns both rose 5% to $190 and $170, respectively. Prices in Sydney, the most popular destination for New Zealanders, increased 3% to $218 per night.
In general, average rates in Europe were relatively flat in 2012. However, this average hid some significant shifts driven by the uncertain economic situation in the Eurozone, which deterred travel to and within the continent, particularly in the southern region.
New Zealand travellers enjoyed price falls in most European destinations. In Italy, prices fell in many popular tourist cities: Rome 17% to $192; Venice 15% to $232; Milan 13% to $206; and Florence 2% to $197.
At $189 per night, Barcelona was the cheapest European destination for New Zealand travellers. Paris and London were the most expensive European destinations, at $239 and $256 respectively.
There were several factors influencing the price rises across Asia during 2012: the return of travel to and from Japan following the disasters of 2011; the strength of the local economies; the continued rise in the number of Chinese travellers; and an increase in the number of flights by low-cost carriers.
Major cities in Asia performed exceptionally well with double-digit growth seen in Beijing (28%) to $126, Hong Kong (18%) to $240, the highest rate in the region. Prices in Singapore experienced a small movement of 1% to $220.
There were some marked falls across the region with Hanoi down 38% to $56, making it the city where New Zealand travellers paid the least. Ho Chi Minh City also recorded a 5% decrease to $83.
US price rise **
In the US, the stronger economy, coupled with increased international and domestic travellers, drove overall rates up 5% and resulted in significant double-digit increases in important business and tourist destinations. Prices were up in nine of the 10 US destinations included in the HPI for New Zealanders.
The steepest price rises were on the west coast with San Francisco experiencing the largest rise of 18%, taking it to $243, Anaheim, home of the Disneyland Resort, added 16% to $166 and Los Angeles went up 10% to $200.
Popular holiday destinations followed suit with Las Vegas up 16% to $148 while New York, the most expensive US destination at the top of the overall price chart, rose 3% to $350.
Svanstrom commented: “Whilst Australia and the US will continue to be popular, savvy travellers will be keeping a close eye on Europe in 2013 as it offers better value for money than ever before.”
The Hotels.com HPI is based on bookings made on Hotels.com sites around the world and tracks the real prices paid per hotel room (rather than advertised rates) for around 155,000 properties.
24 Jul 2015 News
New Zealand Government Hon Craig Foss Minister for Small Business 24 July 2015 Small businesses urged to value and protect... more
23 Jul 2015 News
New Zealand Labour Party 23 July 2015MEDIA STATEMENT Labour will not support TPP if it undermines NZ sovereignty The Labour Party... more
24 Jul 2015 Business News
Article - BusinessDesk MARKET CLOSE: NZ shares extend fall on OCR disappointment; Meridian, Genesis drop By Suze ... more
24 Jul 2015 Business News
Article - BusinessDesk New health and safety rules relaxed for small businesses By Pattrick Smellie July 24 (BusinessDesk) -... more
23 Jul 2015 Entertainment
Article - BusinessDesk <3>Film NZ scrapped after review of govt's screen production grant By Suze Metherell July 23... more
16 Jul 2015 Property
Article - BusinessDesk 'Whipsaw' risk for Auckland house prices as Chinese economy slows By Pattrick Smellie July 16 ... more
13 Jul 2015 Property
Article - BusinessDesk Auckland house prices up 26% in June year, buyers looking further afield: REINZ By Tina Morrison July 13 ... more
21 Jul 2015 Migration
NZ net migration reaches new annual record in June, swelled by Indian, Chinese students July 21 (BusinessDesk) - New Zealand... more
23 Jul 2015 Travel & Tourism
Over $6 million from the Future Investment Fund will go towards expanding and modernising SmartGate at our borders to help manage ... more
15 Jul 2015 NZ Tourism
Minister welcomes Tourism Industry Association partnership A new partnership between the Department of Conservation and New ... more
24 Jul 2015 Rugby
James Broadhurst and Lima Sopoaga to make Test debuts ... more
23 Jul 2015 Opinion
The refusal by Minister Sam Lotu-Liga to hold Serco accountable for the company’s failings in prison management is bad... more
21 Jul 2015 Opinion
Gordon Campbell on John Key trying to talk up our - and China’s – ailing economy It wasn’t exactly... more
24 Jul 2015 Appointments
New Zealand Government Hon Christopher Finlayson Attorney-General 24 July 2015 Appointment of Queen’s Counsel Three... more
22 Jul 2015 Appointments
Al Monro replaces Sir Peter Maire on Callaghan Innovation board July 22 (BusinessDesk) - Al Monro has been appointed to the... more
16 Jul 2015 Press Releases
Declan Clancy says economic turmoil unlikely to see Greek workers fleeing to NZ One World Resourcing’s Declan Clancy is not... more
10 Jul 2015 Recruitment
July 10 (BusinessDesk) - Around two-thirds of workers would consider leaving their current job if offered a comparable one with... more