TOURIST HOTELS
Prospects ‘Bright’ (N.Z. Press Association) WELLINGTON, June 9. Prospects for the Tourist Hotel Corporation this year were bright, the secretary of the corporation (Mr J. E. Hopkirk) said today. Occupancy in the corporation's hotels to the end of April increased 7 per cent on the same period in the previous 12 months, Mr Hopkirk said. The £181,717 interest on the corporation’s capital remitted by the Government would reduce the corporation’s loss by more than half, he said.
New hotels were in full operation and the corporation expected a profit this year of about £BO,OOO and lower administrative expenses. “Without the attraction of places such as Waitomo, Milford, the Hermitage and Franz Josef much of the country’s tourist trade would be lost to New Zealand. “Overseas visitors spend over half a million pounds in the corporation’s hotels and this is only a portion of the amount spent by these visitors in New Zealand,” said Mr Hopkirk.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19660610.2.80
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume CVI, Issue 31082, 10 June 1966, Page 6
Word count
Tapeke kupu
157TOURIST HOTELS Press, Volume CVI, Issue 31082, 10 June 1966, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in