All in Economy

Analysis of the rampant growth of Auckland’s hotel industry

2017 was easily the busiest for New Zealand hotel industry, with the occupancy rate touching 70 percent. This rate is used by Statistics New Zealand to understand how difficult it is to book a room in the country. But with the America’s Cup scheduled for 2021, there is a growing concern of hotel rooms shortage hitting Auckland very soon, as pointed in a recent report by the global commercial property research institute CBRC. Though, it adds, this shortfall can be compensated by other commercial accommodations such as bed and breakfasts, serviced apartments, and motels.

New Zealand’s untapped talent pool

In New Zealand, we have a long list of skill shortages that need to be filled to ensure we’re meeting the needs of our growing population.bWe need more farmers (beef and dairy), arborists and market gardeners. We need construction managers, university lecturers, mechanical engineers, midwifes and nurses. We need bakers, builders, bricklayers, carpenters, joiners, mechanics and aged care workers.

As Immigration NZ says, some skills are in chronically short supply. When I read these lists I immediately think about the number of resettled Kiwis living in New Zealand who I have personally met who have these skills from their home countries. Some have years of experience and high levels of expertise.

Diverse thinking is needed to generate successful businesses in NZ: Superdiversity Institute

The Diverse Thinking Capability Audit of New Zealand Boardrooms 2018, released last week by Mai Chen, Founder and Inaugural Chair of the Superdiversity Institute for Law, Policy and Business, has emphasised how diverse thinking around the board table is essential to improving the performance of companies and organisations.

The report launched by Finance Minister Grant Robertson, gathers insights, guidance and advice from over 60 top Chairs, Directors, and governance professionals about how best to attract, retain, and leverage diverse thinkers in the best interests of the company or organisation.

Why do we need more migrant data?

With more migrants arriving every year, how is New Zealand embracing diversity and integrating with migrants to make this country truly multicultural and inclusive? There is no data and insights about migrants once they arrive into New Zealand. For example, we do not know the challenges that they face, they support they need, or how they integrate with the society. From a corporate side, there is limited data to understand how migrants consider and purchase products and services, drivers for satisfaction or defection, and the holy grail customer loyalty.

It’s one of the reasons why Cultural Connections was started as a social enterprise to illuminate some insights into migrants which makes up 25% of population.