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13 Aug 2020 14:58
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  •   Home > News > Business

    There are hopes a multi-million dollar Super Fund investment, will help the tourism industry fill demand for visitor beds

    There are hopes a multi-million dollar Super Fund investment, will help the tourism industry fill demand for visitor beds


    It's putting 300-million dollars into a hotel portfolio which so far includes two properties in Auckland and one in Christchurch.

    Tourism Industry Aotearoa CEO Chris Roberts says New Zealand needs more than four and a half thousand extra beds by 2025.

    He says the industry's not yet meeting the forecast demand, so the Super Fund's investment will go some way to close that gap.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     13 Aug: New Zealand records 14 new cases of coronavirus
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     13 Aug: Food prices rose 1.2 percent in July, mainly because of seasonally higher prices for tomatoes, lettuce, and broccoli
     13 Aug: Long queues in Auckland for covid testing are creating flow-on effects for local businesses
     13 Aug: The Reserve Bank's increased its ability to effectively print money but won't be able to go any higher
     12 Aug: Reserve Bank Governor Adrian Orr's revealed the events of the last 24 hours did not sway the decision to expand the Quantitative Easing programme
     12 Aug: Countdown has changed its hours - under pressure from the new Covid outbreak
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     Today's News

    Business:
    New Zealand records 14 new cases of coronavirus 14:47

    Health & Safety:
    Children are among the new confirmed cases of Covid-19 in New Zealand 14:37

    Rugby League:
    Queensland Police have cleared the Broncos players of breaching any official Covid-19 guidelines at a pub lunch earlier this month 14:37

    Entertainment:
    Robin Williams’ daughter Zelda often feels like a “roadside memorial” to her late father 14:31

    Auckland:
    What people in New Zealand city of Auckland think about being back in coronavirus lockdown 14:27

    Rugby League:
    Wests Tigers centre Joey Leilua has left his side's NRL bubble 14:07

    Entertainment:
    Orlando Bloom says Prince Harry has a “great sense of humour” 14:01

    Law and Order:
    A man's been arrested and charged with murder after the death of a man in west Auckland last week 13:47

    Health & Safety:
    Fourteen new Covid 19 cases today - 13 linked to the family of four in South Auckland 13:47

    Business:
    There's uncertainty in the stock market following the move to Covid-19 alert level three in Auckland and level two elsewhere 13:37


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