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A capital gains tax that captures holiday homes could hurt New Zealand’s $36bn tourism industry by choking supply – and therefore spend – in regions reliant on non-commercial accommodation.
The association said it would try to gain an understanding of what the tax could mean for tourism businesses if it was implemented.
ITOs at sharp end of disruption after wild weather impacts schedules
Tourism NZ’s year of ‘recovery & transition’ back to international
On the Job: Marketing director for JW Marriott, appointments at Wētā Workshop, Rydges …and more!
Weekly hotel results: Elton John lifts Christchurch
After a domestic boom, agritourism sees strong wholesale, international demand