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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
Perspectives: Indonesia’s volcano tragedy a reminder for NZ tourism
On the Job: HGC’s new area GM, TECNZ elects board vice, art tours hire… and more!
SkyCity downgrades earnings guidance
Weekly hotel results: NZ occupancy slides into summer
Ryan Sanders, Asia PE launch flashpacker network with YHA hostels, Haka Lodges
