Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Scenic Circle result


Scenic Circle result

Earl Hagaman, Scenic Circle Hotels Chairman, has announced Scenic Circle Hotels are enjoying another record year in sales and guest numbers, which are up approximately 15% up over the last year.

"The numbers of tourists in conducted tour groups, FIT Travellers and corporates is up dramatically. The conference business is also booming. Scenic Circle Hotels revenues are exceeding the prior year in spite of the very strong Kiwi dollar.

"Scenic's new $15 million Dunedin City Hotel will open 1 March 2004 and with some additional floors to be completed in the next few months will ultimately include 124 rooms. This hotel will complement Scenic's 178 room and Conference Centre, Southern Cross Hotel and Dunedin Casino, which are already in operation.

"Scenic's new Kaikoura Hotel which has been unit titled has begun unit sales which have been met by a receptive market.

"Unfortunately, bureaucratic Resource Consent requirements have delayed commencement of construction of this beautiful Scenic Circle Hotel and Conference Complex over three years. Construction is now under way.

"The demand for a high quality hotel and conference centre in Kaikoura by tour operators, FITs and travellers in general is unprecedented both because of the spectacular Kaikoura mountain backdrop and fantastic sea coast views and because the whales which reside there the year round can be seen from boats only a few metres away. It has been decades since any other hotel has been built in Kaikoura and should anyone attempt to do so now the bureaucratic land mines would delay completion for many years.

"Scenic Circle Hotels is certain the Te Kaikoura will be a runaway success and accordingly has offered significant return guarantees to all unit title purchases."

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news