SkyCity opens NZICC up for first look and hopes $70m fund will fill empty rooms across Auckland

SkyCity opens NZICC up for first look and hopes $70m fund will fill empty rooms across Auckland
The NZICC building appears to be nearly complete. (Image: BusinessDesk)
Dileepa Fonseka
SkyCity's chief operating officer says a new government fund should help fill the large number of hotel rooms currently vacant in New Zealand’s biggest city.At an announcement made at the NZ International Convention Centre (NZICC) on Sunday, the Government announced a new $70 million events package aimed at helping boost tourism numbers.The announcement also marked the first time news media had been able to see the inside of the NZICC building in a state of near-completion.The two main parts of the fund were a $40m events attraction f...

More Economy

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

ANZ first bank to react to OCR cut
Economy

ANZ first bank to react to OCR cut

ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...

Staff reporters 08 Oct 2025
RBNZ cuts to 2.5% with more on the table
Economy

RBNZ cuts to 2.5% with more on the table

The committee remains open to further reductions, it said. 

Rebecca Howard 08 Oct 2025
RBNZ cuts OCR to 2.5%
Economy

RBNZ cuts OCR to 2.5%

RBNZ says its open to cutting more if necessary. 

Rebecca Howard 08 Oct 2025