NZ tourism boom lifts fortunes of Chateau Tongariro, Wairakei Resort

Thu, 13 Oct 2016

By Tina Morrison Oct. 14 (BusinessDesk) - New Zealand's booming tourism market is helping lift the fortunes of one of the country's most iconic hotels, the Chateau Tongariro on Mt Ruapehu, with the company that owns it expecting to produce a profit for the first time in five years, and bolster earnings further next year. The Chateau in Tongariro National Park and the Wairakei Resort in Taupo are ultimately owned by global investment company Oriental Holdings, a publicly listed Malaysian company controlled by the Loh family. The local busi...

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