Millennium & Copthorne Hotels NZ shares up 10% after result

The hotels company expects to move from "revive" to "thrive" this year. (Image: NZME)

Mon, 24 Feb 2025

Shares in Millennium & Copthorne Hotels New Zealand rose 10% after it reported its highest full-year revenue in five years and was upbeat about the tourism and property markets.“The long-term macro drivers for our business are positive – the tourism and property markets are both expected to start to recover in the coming year; New Zealand is a top tourist destination and tourism is New Zealand’s second highest export earner,’ said MCK chairman Colin Sim.Revenue was up 21% to $176.2 million in the year to December 31...

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