Weaker hotel occupancy will impact investment, industry warns

Victoria Young
Tue, 14 Jan 2020

Victoria Young
Tue, 14 Jan 2020
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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