NZ guest nights at three-year high

Wed, 09 Jul 2014

By Suze Metherell July 10 (BusinessDesk) - New Zealand guest nights climbed to a three-year high in May as short term stays climbed across all commercial accommodation types. Seasonally adjusted guest nights, which strips out seasonal and irregular movements, rose to 2.98 million in May, from 2.92 million the previous month and 2.77 million in May last year, according to Statistics New Zealand. Unadjusted guest nights gained 8.4 percent to 2.22 million in May from the same month a year earlier. Statistics NZ said the underlying tend ha...

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