Recent trends and feedback show the Tourism, Hospitality & Leisure Real Estate Industry is in for a good recovery in 2010. Tourism & Hospitality Business Brokers are already experiencing increased buyer enquiry for good tourism, hospitality and leisure businesses and properties advertised for sale.
Figures show visitor arrivals growing for a second consecutive month. Arrivals were up 7.7 per cent for the month of October, almost thirteen and a half thousand more visitors than the same month last year. Overall, for the year ended October, there have been one per cent fewer visitors than 2008.
Australia continues to be the foundation of growth in visitor numbers, with the increase of 22.2 per cent (15,916 visitors) in October continuing a year of record growth for this market. Buoyed by consistent marketing, good value airfares, a strong Australian dollar and high consumer confidence, arrivals from Australia are up 9.7 per cent (1,061,363 visitors) for the year to end of October.
The upcoming summer season is looking more positive as the global economic situation slowly improves. While Tourism New Zealand expect summer to start slower, the general feeling is that things will pick up post-Christmas.
International Visitor Arrivals October 2009:
• Australia 87,676 up 22.2%
• UK 16,629 down 7.5%
• US 13,984 down 2.1%
• China 7,636 up 16.5 %
• Japan 6,072 down 9.6%
• Germany 5,313 up 3.9%
• South Korea 3,933 down 33
BNZ Confidence Report shows Tourism bookings up on last year, Accommodation sector has seen demand in last 2 months and stronger than expected, Rental Car sales up 10% in October, 20% in November and forward bookings in December up 20% on last year, Aviation shows demand for flights getting stronger.
These figures put us back to 2007 results, which was the end of our 20 year continuous growth.
Major Bollywood production company Dharma Productions will film in Queenstown in late January, putting New Zealand on screen in front of as many as 150 million viewers. The film industry adds $37 million per year to local Southern Lakes economy.
More than 150,000 people have tuned into online reality television show The Gap Year: Challenge New Zealand to follow the antics of a group of young travellers as they travel New Zealand.
The Rugby Ball has been the highest-risk project that Tourism New Zealand has undertaken, but the results have been worth it and we already know the ball will be a major part of the 2011 Rugby World Cup,"
Some 567 extra rooms - worth $142 million - have been added to national stock through five properties in the past year.
1,218 new hotels and serviced apartments under construction at a cost of $305 million with 958 rooms in seven properties opening 2010 and 260 rooms in 2011.
Lake Wanaka's winter season was best on record - visitors were up 17.8%, guest nights up 14% and Australians contributing significantly to this increase.
Northland expects 35,000 cruise ship passengers this season bringing in $6 million to the region.
$15m Foxton tourism project next to the Dutch windmill will open in March 2010 includes Maori carving, arts and crafts and cafe.
If you are looking at buying or selling a tourism or hospitality business, call Adrian or Chrissy Chisholm at Tourism Properties.com 021 727 888, firstname.lastname@example.org or view website at www.tourismproperties.com - We have 17 specialist Tourism & Hospitality Business Brokers located nationwide at your service .