Articles

Tourism: 2011 the 'turning point'

By Hamish McNeilly - Otago Daily Times

85,000 visitors just for world cup

The 85,000 spectators expected to flood New Zealand for next year's Rugby World Cup are predicted to help geenrate a 'turning point' for the country's tourism industry.

New Zealand tourism numbers are forecast to grow 6.8% next year, largely driven by the 2011 tournament, new air services and strong growth driven by the Australian market. The South is one of the regions set to benefit.

Tourism Property Reports

Tourism New Zealand and the National Bank of New Zealand publish a variety of useful reports on the state of tourism, business and property within New Zealand. These reports are published regularly and are excellent sources of information to help you make your decision on investing in New Zealand tourism property.

Overview of Investment Types

There are many ways of purchasing or investing in tourism property, and the decision will largely be dictated by your investment and lifestyle aspirations and your level of equity.

Motel Leasing

by John Harrison, AREINZ. Mainland Real Estate Principal Broker.

A question I often get asked is "How much is my motel lease worth?" I am not a registered valuer so my comments are based from a real estate agent's perspective, with 25 years experience as a motel broker, selling only motels and with hundreds of confirmed sales for comparison.

About Management Rights

Management Rights on tourism property are increasingly becoming established as an excellent business opportunity in New Zealand.The concept is well established overseas and is well known in Australia particularly in regions such as the Gold and Sunshine coasts where there is considerable development in the accommodation property sector.

About Freehold Going Concerns

Investment in freehold going concerns (FHGC) provides the purchaser with ultimate flexibility. Owning both the real estate and the business that operates within, the purchaser may exercise several choices over the term of ownership.

About Investment Tourism Property

New Zealand has and will continue to experience excellent long-term growth in tourism. The attractions of the country are typically described as unspoiled scenic beauty, ease of travel and our comparative safety away from the hotspots of the world. These attractions are likely to endure and for this reason investment in tourism property within New Zealand is regarded as a worthwhile investment.

About Leasehold Businesses

Within New Zealand leasehold businesses are a very common form of business ownership in tourism property. There are several reasons for this.