A new study has revealed New Zealand needs an additional 26 new hotels, leading the Government to help developers get in touch with potential investors.
The news was welcomed by Pukeroa Oruawhata Trust client manager Peter Faulkner, who said any help from the Crown would be good for the trust's plans to build a 5-star hotel and spa complex near the Rotorua lakefront.
New Zealand Trade and Enterprise (NZTE) released details today of a study into investment in hotel infrastructure saying a shortfall in new hotel rooms was expected across New Zealand's main tourism centres.
The shortfall was expected to be up to 4526 rooms across Rotorua, Auckland, Wellington, Christchurch and Queenstown by 2025.
The research was a key part of "Project Palace", a programme to accelerate private sector investment in hotel infrastructure led by NZTE and the Government's Investment Attraction Taskforce.