Are hotel prices 'courageous' or outrageous?

The Hilton's Paul Hutton is pushing 'courageous' pricing. (Image: Hilton)

Wed, 25 May 2022

The New Zealand accommodation sector is pinning its hopes on pent up demand and ‘revenge’ travel, but it’s likely to be a long road to a full recovery. It’s also going to cost more.Treasury forecasts released with the latest budget suggest the industry will continue to face headwinds, in the form of limited airline capacity, ‘residual travel caution’ and the continued isolation of China in the wake of that nation's rigid covid control stance. The 3.9 million international tourists who arrived i...

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Property

More Du Val shareholders suing

A Du Val shareholder action against FMA now has 80% of minority shareholders signed up.

Garth Bray 5:00am

Law & Regulation

Twice-bankrupt NZer commits $4.3m investment scam

Michael Bartlett, 81, was found to have scammed US firm Hyzon Motors.

John Anthony 5:00am

Twice-bankrupt NZer commits $4.3m investment scam

Primary Sector

Independents unfazed by high milk cost despite bottom-line hit

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Regus

More Tourism

News in Brief

International visitor numbers stuck at 85% of pre-covid levels

Overseas visitor arrivals were 240,200 in October, an increase of 14,200 from October last year but 15% down on pre-pandemic levels.Stats New Zealand figures show the annual arrival total to October was just over 3.2 million, down around 17% on the bumper 2019 year and just ahead...

Staff reporters 13 Dec 2024