New report forecasts a shortfall of 26 hotels in next decade, above what's already being built

Tue, 24 May 2016

By Fiona Rotherham May 24 (BusinessDesk) - An estimated 26 hotels above what is currently being planned and built will be needed over the next decade to meet expected tourism demand in New Zealand’s five major tourist centres, according to New Zealand Trade & Enterprise research released today. The research is part of “Project Palace”, a programme aimed at speeding up new private sector investment in New Zealand hotels led by NZTE and the government’s Investment Attraction Taskforce. The five centres - Auckland, Rotorua, Wellington, Ch...

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