1
00:00:00,040 --> 00:00:02,880
Speaker 1: From the old tourism file news at the Holiday and

2
00:00:02,960 --> 00:00:05,880
Speaker 1: Express and Sweets and Queenstown. It's being referbed it's going

3
00:00:05,920 --> 00:00:08,200
Speaker 1: to be relaunched as a thing called Voco Queenstown to

4
00:00:08,240 --> 00:00:12,240
Speaker 1: become part of IHG's premium portfolio. Why because the old

5
00:00:12,280 --> 00:00:14,840
Speaker 1: Q Town's booming. The hotel runs it around ninety percent

6
00:00:14,880 --> 00:00:17,480
Speaker 1: capacity for nine months of the year these days. Anyway,

7
00:00:17,520 --> 00:00:19,639
Speaker 1: James Dulan is with the Hotel Council with us.

8
00:00:19,720 --> 00:00:22,680
Speaker 2: James, Morning, morning, Mike, how are you very well?

9
00:00:22,760 --> 00:00:24,759
Speaker 1: Is there story typical? Just to explain that better because

10
00:00:24,800 --> 00:00:26,520
Speaker 1: that was a very poorly written intro by me in

11
00:00:26,560 --> 00:00:28,600
Speaker 1: the early hours of the morning. There are mid mid

12
00:00:28,680 --> 00:00:31,360
Speaker 1: specter sort of you know, mid sector kind of hotel

13
00:00:31,400 --> 00:00:33,520
Speaker 1: and the going flash. Is that typical of Queenstown.

14
00:00:35,280 --> 00:00:37,240
Speaker 2: Yes, it is typical of Queenstown at the moment. And

15
00:00:37,520 --> 00:00:41,360
Speaker 2: let me tell your listeners, this is typical of all hotels.

16
00:00:41,600 --> 00:00:45,280
Speaker 2: Hotels are long term assets, but they're the terror as

17
00:00:45,320 --> 00:00:48,120
Speaker 2: angy and they need to be sold to customers every

18
00:00:48,120 --> 00:00:51,320
Speaker 2: single night, over and over and over again. So it's

19
00:00:51,440 --> 00:00:54,520
Speaker 2: really normal every seven to ten years for a hotel

20
00:00:54,560 --> 00:00:57,880
Speaker 2: owner to think about renovation and reposition. Sure, this is

21
00:00:58,200 --> 00:00:59,200
Speaker 2: a positive signal.

22
00:00:59,240 --> 00:01:02,720
Speaker 1: But upgrading to the next level of hotel is encouraging,

23
00:01:02,760 --> 00:01:04,560
Speaker 1: isn't it. I mean it's one thing to report the room,

24
00:01:04,560 --> 00:01:06,320
Speaker 1: but it go up market's good.

25
00:01:07,200 --> 00:01:09,440
Speaker 2: Yeah, absolutely, and it's great to be talking about a

26
00:01:09,480 --> 00:01:12,000
Speaker 2: good news story. But this doesn't happen by accident. For

27
00:01:12,080 --> 00:01:16,440
Speaker 2: the last twelve months, central government has listened to industry

28
00:01:16,480 --> 00:01:19,679
Speaker 2: and it's dialed up its investment in event interaction and

29
00:01:19,680 --> 00:01:22,440
Speaker 2: destination marketing in New Zealand. More money for touris in

30
00:01:22,520 --> 00:01:26,919
Speaker 2: New Zealand, more money for events. And then private businesses

31
00:01:27,000 --> 00:01:29,400
Speaker 2: do what private businesses are supposed to do, which is

32
00:01:29,480 --> 00:01:32,640
Speaker 2: invest in their assets and their businesses. So we talk

33
00:01:32,720 --> 00:01:37,559
Speaker 2: about growing productivity the VOCO. If it achieves higher rev

34
00:01:37,640 --> 00:01:41,960
Speaker 2: par revenue per available room, that's an increase in productivity

35
00:01:42,000 --> 00:01:44,160
Speaker 2: for the workers at that hotel. It's a good story,

36
00:01:44,319 --> 00:01:44,759
Speaker 2: good stuff.

37
00:01:44,840 --> 00:01:47,320
Speaker 1: James, nice to talk to you that rev par. How

38
00:01:47,319 --> 00:01:49,040
Speaker 1: long have I been talking about the red parwer on

39
00:01:49,040 --> 00:01:53,520
Speaker 1: this program? James Doolan. Now for more from the Mic

40
00:01:53,600 --> 00:01:56,720
Speaker 1: Asking Breakfast, listen live to news Talks. It'd be from

41
00:01:56,800 --> 00:02:00,560
Speaker 1: six am weekdays, or follow the podcast on ihrbrid You