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.

LISTEN ABOVE

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.
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Greg Owen: Co-founder of Stay Luxe Accommodation says there's a lack of supply in luxury accommodation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/982531d8-3f60-4208-8c61-b35f01461b44/transcript