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Double-digit dips in occupancy and RevPAR for Wellington last week reinforced a sluggish start to spring for the capital’s hotel market
Global hotel data supplier STR has been acquired for US$450m by commercial property information provider CoStar Group.
The $70m luxury Radisson Collection at Queenstown is expected to open in early 2022.
After being overshadowed by an All Blacks test and a record-breaking series of Pink concerts in September last year, the Auckland hotel market managed to show a little growth last week.