Forum Archive Index - November 2001

["stuart little" <stuart_littlemouse@hotmail.com>]

Hello All
Interesting article in Business Herald today about the problems the 
Metropolis hotel and its apartment owners are having on the return on their 
investment due to low occupancy rates, with the hotel revealing significant 
losses caused by it.
The report says there is a cancellation of between 3000 and 4000 rooms over 
the Christmas period in some Auckland hotels and the fallout from Sept 11 is 
having a disastrous effect on inbound tourism.
If its true (tourism no,s), it must be a huge concern for Air NZ as it 
struggles to keep in the air and flying round with heaps of spare seats 
would not be helping.
Are there any chatters out there who have anything on how the airline,s 
bookings are looking over this normally busy/profitable time of the year for 
it?
    stuart

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