Weaker hotel occupancy will impact investment, industry warns

Weaker hotel occupancy will impact investment, industry warns
Victoria Young
A tourism lobby group is warning flat hotel occupancy levels will affect investment in accommodation, as figures show the average national occupancy level for last year was 79.1 percent, the same as 2018. Tourism Industry Aotearoa today said hoteliers are unlikely to see any growth in their bottom lines this year, because there are no new major events scheduled in New Zealand this year. “Along with flat occupancy, the average hotel rate was slightly down at the national level. No growth in hotel income will eventually impact on employ...

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Investore buys New Lynn Bunnings site for $43 million
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Investore buys New Lynn Bunnings site for $43 million

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Staff reporters 27 Jun 2025