A report by CBRE says that if tourism growth in Auckland continues at the forecast rates, demand for hotel rooms will exceed supply at the time the city hosts the America’s Cup in 2021 despite a current surge in hotel building.

The residential apartment market such as Airbnb and other commercial accommodation providers such as serviced apartments and motels should take up the slack.

The city anticipates an additional 2,500+ rooms will be built over the next three years, with hotel room demand forecast to increase by 5-7% regardless of the Cup.

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