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8 May 2021 11:01
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  •   Home > News > Business

    The hotel sector has persisted despite a Covid-19-ravaged year

    The hotel sector has persisted despite a Covid-19-ravaged year


    Colliers latest Hotel Market Snapshot shows the pandemic's impact over the past 12 months.

    Occupancy rates declined significantly across the country-- from an average 80 per cent in March 2020 to about 40 per cent last month.

    Hotels national director Dean Humphries says on the positive side, room rates held up relatively well.

    He says many hotels have reorganised cost structures and weathered the storm.

    © 2021 Newstalk ZB, NZCity


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    BUSINESS BUSINESS
    Auckland's in the middle of a building boom with more than 17-thousand new homes completed across the city in the past two years More...



     Today's News

    Entertainment:
    Gwyneth Paltrow has urged mothers to be supportive of one another 10:57

    Tennis:
    Rafael Nadal's bid to reach a 75th semi-final at a Masters tennis event has ended with a 6-4, 6-4 loss to Alexander Zverev at the Madrid Open 10:47

    Entertainment:
    Stacey Solomon emotionally reflected on her parenting achievements as her son Leighton celebrated his birthday 10:27

    Living & Travel:
    Taxpayers forked out more than 12-thousand dollars for a journey and burial of a dead turtle in Canterbury 10:27

    Soccer:
    Newcastle United's one point from safety this Premier League football season 10:07

    Sailing:
    Paul Snow-Hansen and Dan Wilcox will head home with a gold medal intact 10:07

    Cricket:
    India's named a 20-man squad for cricket's World Test Championship final against the Black Caps at Southampton 10:07

    Entertainment:
    The Duke and Duchess of Cambridge have changed the name of their Instagram profile 9:57

    Entertainment:
    Madonna has paid tribute to Nick Kamen, who has died aged 59 9:27

    Rugby League:
    Sydney Roosters coach Trent Robinson's blasted what he's calling incompetent refereeing in his side's 31-18 loss to the Eels 9:26


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