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November 30, 2015

Australia: TFE Hotels' Latest NZ Hotel Will Open for Peak Season

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TFE Hotels is set to open the doors to its newest New Zealand hotel, the Adina Apartment Hotel Auckland, Britomart on December 1. This is the first Adina Apartment Hotel to enter the New Zealand market.

The opening comes at an ideal time for Auckland’s stretched hospitality sector, with New Zealand visitor numbers surpassing the three-million mark for the first time, up 7 per cent on last year. Coupled with this, Colliers International’s latest New Zealand Hotel Market Snapshot shows that, despite increased demand and record-high market occupancy, Auckland hotel room supply actually went down 2.1 per cent since their last update in May 2015.

“We recognise the fantastic opportunity that exists in Auckland with the significant growth in tourist arrivals, and Auckland’s position as an Asia-Pacific hub,” said CEO of TFE Hotels, Rachel Argaman.

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