Hotels & Motels in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Synopsis
Essential resource for top-line data and analysis covering the New Zealand hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.Key Highlights
The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
The New Zealand hotels & motels industry’s total revenue valued $1.1bn in 2016, representing a compound annual rate of change (CARC) of -2.3% between 2012 and 2016.
Industry consumption volumes declined with a CARC of -1.1% between 2012 and 2016, to reach a total of 532.0 establishments in 2016.
Price fluctuations have shaped the industry as demand significantly increased. Particularly in 2016, a hike in prices increased the revenues of hotel operators, after significantly falling in 2015. The sharp decline in prices during 2015 stimulated demand, as international visitors increased by 9.6%. Following this, in 2016, the improved occupancy rates and limited supply in regards to demand - tourists were up by 12.0% - drove a noticeable increase in the average price of accommodation.
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in New Zealand
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Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand hotels & motels market with five year forecasts by both value and volume
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What was the size of the New Zealand hotels & motels market by value in 2016?
What will be the size of the New Zealand hotels & motels market in 2021?
What factors are affecting the strength of competition in the New Zealand hotels & motels market?
How has the market performed over the last five years?
What are the main segments that make up New Zealand's hotels & motels market?