Latest Hotel Operations News

Millennium & Copthorne Hotels New Zealand (NZX:MCK) reported a 12% revenue increase and a 58% rise in profit before tax for the first half of 2026, driven by hotel refurbishments and growing room availability despite softer property sales.

International Equities Corporation Ltd (ASX:IEQ) posted a modest profit for the June 2026 quarter, reversing prior losses amid a challenging economic backdrop that forced the company to exit its hotel and tourism activities.

Swift TV Ltd has landed its inaugural hospitality contract with Daydream Island Resort, deploying its in-room platform across 244 rooms and marking a strategic expansion beyond resources and aged care sectors.

EVT Limited has acquired the premium QT Auckland hotel for NZ$87.5 million, reinforcing its strategic presence in key city markets while divesting non-core assets to focus on high-performing properties.