Absolute maximum for myself these days is 20% allocation of my equities portfolio (usually try to limit to 15%, unless the opportunity is too good to pass up)
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Nice response from the market so far, up 18c / 8% in 3 days.
Well someone is having a decent bite on their lunchbreak:
Attachment 13657
Largest volume in the last year, how interesting.
Hotels need to wait to summer before things pick up
https://www.rnz.co.nz/news/business/...liers-research
Thanks for linking.
My comments:
1. That report is saying summer will see “a semblance of PRE-PANDEMIC levels”. That doesn’t really mean anything to me - what is a “semblance” exactly? Hotels have still had some level of bookings during the pandemic after all, since domestic tourism accounts for a large portion of bookings. It would be an absolutely massive result that would exceed all previous expectations if next summer saw anything close to pre-pandemic levels. Truly would be a fantastic outcome, but no one is expecting that (see AirNZ expectations of tourism activity), so would be a big positive surprise. One wonders if this report is more about Colliers trying to manufacture a positive narrative to shore up hotel real estate transaction activity.
2. Hotels have already very much picked up in bookings since borders started reopening with Australia this month (Australia accounts for the majority of international tourists to NZ). The colliers report the story is based on only covers the march quarter (before borders with Australia opened) & also covers the Omicron outbreak. Despite that it reports a year on year increase in hotel occupancy in Queenstown, Wellington, Rotorua & Christchurch, which is an unexpected result (to me at least).
Some interesting tidbits releases on visitor numbers today by PM:
Quote:
Ardern says 21 international flights are landing today at Auckland airport after international travel from the visa-waiver countries resumed. She says those holding existing visitor visas from anywhere in the world can also travel here from today, with more than 500,000 such visas held.Data from Worldline (formerly Paymark), shows spending hit $420 million - some 8 percent higher than the spending at Easter from 2019.
"Our regions benefited the most, as people travelled the country, with Easter spending in Taranaki up by a quarter on 2019, 22 percent in Wairarapa, 18 percent in Whanganui, and 10 percent across Canterbury."
She says increased tourism has meant demand for workers, and more than 5000 applications have now been approved under the Working Holiday Visa category which reopened in mid-April. This is on top of over 18,000 visas reissued to people who applied pre-Covid but were unable to use.
"We know things will take time to fire back up, but the recovery has begun and well ahead of our peak tourism season which begins from October, when our border will open to the entire world."
"Our tourism industry have felt the effects of the global pandemic acutely and are working hard to prepare for the return of higher volumes of international tourists."
She says more than 4000 people with Working Holiday Visas are already in the country. We are currently seeing about 33,000 arrivals per week from overseas, she says