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Greg Owen: Co-founder of Stay Luxe Accommodation says there's a lack of supply in luxury accommodation
Published 5 months, 2 weeks ago
Description
Demand is outstripping supply when it comes to luxury accommodation.
New Zealand agents say they're turning away half of high-net-worth travellers due to a shortage of properties.
Some are fielding up to 50 requests a week.
Co-founder of Stay Luxe Accommodation, Greg Owen told Mike Hosking that there's a real shortage in Auckland, so hotels are being used instead.
He says they're looking to stay in larger hotels - which are often owned internationally, so the profits are going offshore.
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