Morose hotel sector 'not confident about future'

Morose hotel sector 'not confident about future'
Brent Melville
More than 40 percent of New Zealand hoteliers have already closed their doors and don’t expect to be trading as usual at any time soon, a new hotel market survey says. With business confidence in the sector at rock bottom, 73 percent of respondents expected they would be worse off in two years than they were last year.  At an equivalent business confidence score of minus 64 percent over the next two years, this measure is worse than the ANZ bank business confidence survey where a net 55 percent of firms expected weaker activity for their...

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