International guest nights plumb 3-year low as tourism contracts

International guest nights plumb 3-year low as tourism contracts
Paul McBeth
By Paul McBeth Aug. 14 (BusinessDesk) - New Zealand's accommodation operators reported the fewest monthly international guest nights for three years in June as the tourism boom tapers off.  Statistics New Zealand's soon-to-be-defunct accommodation survey showed just 800,000 guest nights in June, down 3 percent from a year earlier. While June is traditionally a quiet month for international visitors, the decline was the seventh in a row and the lowest since June 2016.  "June is the quietest month of the year for commercial accommodation...

More Economy

Sticky domestic inflation may push rate cuts off table until 2025
Economy

Sticky domestic inflation may push rate cuts off table until 2025

Annual inflation was 4% versus 4.7% in the December quarter.

NZ watchful as bird flu spreads to US dairy cows
Primary Sector

NZ watchful as bird flu spreads to US dairy cows

The US outbreak is the first time the virus has been found in cows. 

Warning to NZ primary sector: avoid 'commoditised B2B'
Primary Sector

Warning to NZ primary sector: avoid 'commoditised B2B'

Speaking at an event about food and fibre, the former Unilever CEO did not mince words.