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Increasing operating expenses, particularly for labour and utilities, are also weighing on sentiment.
Auckland’s hotels are expected to return to pre-Covid levels of RevPAR in 3-5 five years.
Centres without MIQ like Queenstown have struggled but Delta has hurt all markets.
Hotel occupancy rates highest in 10 years but flattening as revenue growth slows outside of
Auckland Airport rejects criticism hefty rises in aero charges could hurt tourism…
…as airline groups say passengers will pay in the pocket, impacting travel
Weekly hotel results: Auckland stable while others slide