Retail, Franchising, Hotel & Tourism
The outlook is positive in hotel, retail and tourism sectors after a few years of tough market conditions.
Confidence is strong in the hotel sector, with significant new developments planned or under construction in Auckland, Wellington and Christchurch. With continued pressure on commercial property prices in Auckland, we’re seeing hotel rebrands as a result of sales or acquisitions. This is something we’ve been helping one of our major hotel chain clients with, acquiring small hotels in order to set up its boutique collection.
After several years at record highs, the New Zealand dollar has softened, giving some flow-on benefits to hotels and tourism. International visitor arrivals have been growing strongly, particularly outside of Canterbury.
On the flip-side, the retail sector is likely to feel some negative impact of the weaker dollar. The post-GFC consumer wants value for money so higher prices may impact on overall sales figures for retailers. In Auckland, rental costs keep increasing, putting more pressure on the sector. We can review your leasing agreements and negotiate with landlords on your behalf to ensure you are making the best deal for your business.
Online shopping continues to grow at a strong pace, both from international and domestic sources. If you’re an online retailer, you should make sure your website terms and consumer contracts comply with the Fair Trading Act provisions pm unfair contract terms, which came into effect in March 2015.
We have specialist experience in the retail, hotel and tourism sector gained in New Zealand and overseas. The depth of our team’s expertise means we can provide a full range of legal advice and give you advice on any wider industry matters you should be considering.
If you’re looking to set up or expand operations anywhere in New Zealand, we can help you with a full range of commercial advice including company structures, commercial property, contracts, distribution agreements, liquor licensing, and brand protection. We can also advise you on employment and health and safety issues to ensure you’re not caught off-guard by the upcoming legislation changes.