We are pleased to release this year’s survey, the sixth year of producing these results. The first report surveyed the three financial years March 2016 to 2018, at that time with a sample number of around 600 Motel Profit and Loss Statements. Total sample number in the program over nine years is now over 1,450 including the latest March 2024 samples. This report provides results from March 2019 to 2024 inclusive, just on 850 samples.

 

The report interprets the results of collating information from motel financial accounts, in order to present meaningful industry benchmarks in terms of revenue and relative costs. The data is being constantly updated, so the March 2024 sample number will continue to grow, along with the earlier years as more multi-year financial account samples come to hand. The most recent financial year/s will therefore always show the lowest number of samples.

 

In order to confirm the accuracy of the data input and the correct analysis of the results, the original survey was audited by chartered accountants PKF Goldsmith Fox Audit, whose findings are appended to this report. The auditor’s statement was completed in November 2020 based on 513 annual samples at that time.  The methods of data input and results analysis remain unchanged.

 

The findings reported here are based on overall National data.  The queries can be further broken down into, North Island, South Island, Regions, Main Centres, specific towns or cities.  Tailored reports can be made available, however the more specific the search criteria the smaller the sample quantity will be. 

 

We focus on the main categories we expect to be of interest to the industry. The results are available as both average and median, for this report, median findings are provided. All relevant expense categories are included in the survey.  Most expense categories are displayed as a percentage of revenue, while some expenses which are not affected by revenue and occupancy such as rates and insurance, are displayed as cost per unit.