NZ Property Investor

MARKET RISES FROM THE ASHES

FEATURE SHORT-TERM RENTALS

Covid decimated the holiday and short-term rental market when international borders were closed. But in the past year it has come back strongly on the tail of growing tourism.

Stats NZ figures show 206,800 tourists visited the country in the year to August – up 77,000 on the previous August year – and 82 per cent of the 251,100 visitors who toured prepandemic in August 2019.

Of the tourist arrivals in August, 48 per cent were from Australia, compared with 49 per cent in August 2019; 9 per cent from the United States (6 per cent in 2019); 8 per cent were from China (12 per cent) and 4 per cent were from India (2 per cent in 2019).

Many tourists use Airbnb, and it has made a steady recovery since the pandemic, although the number of available places, in all but Tauranga, are below 2019 levels, while demand has been more subdued, with the exception of Queenstown.

AirDNA, which monitors

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