7 August 2015: Stellar year for NZ hotels

2014 was a stellar year for New Zealand’s hotels which collectively recorded the highest annual occupancy rate in five years, according to new TIA research.

The almost 140 TIA member hotels in New Zealand enjoyed 75.7% occupancy, up 3 points on 2013 and the country’s highest occupancy rate in five years. The average daily rate (across all star grades) jumped to $144, up $5 on the previous year, generating total revenue of $1.05 billion.

Click here to find out how hotels across the regions performed.