NZ dollar climbs to 2-week high after tepid US wages growth
By Rebecca Howard March 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high against the greenback, joining a rally across Asian equity markets, after a slowdown in the pace of US wage growth led investors to pare back US rate hike expectations. The kiwi clim...
International hotel developers keen on New Zealand as guest nights hit record
By Rebecca Howard March 12 (BusinessDesk) - International hotel developers are stepping up their interest in New Zealand as guest nights and tourism inflows continue to hit new records, according to Bayleys Real Estate. "Internationally, travel is becoming easier and more a...
NZ guest nights hits record in January as visitors flock to hotels and holiday parks
By Rebecca Howard March 12 (BusinessDesk) - New Zealand guest nights hit a record in January, rising 1.4 percent on the year with hotels and holiday parks in high demand. Total guest nights increased to 4.97 million in January from 4.9 million a year earlier, Statistics Ne...
Arvida on track to build 94 new units in second half, says Fletcher relationship 'strong'
By Rebecca Howard March 12 (BusinessDesk) - Arvida Group says it's on track to complete 94 new units in the second half and has "strong relationships" with its development partners, including the beleaguered Fletcher Construction. Of the 94 units, 85 units have already been...