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CDL's New Zealand unit forecasts NZ$24m hotel revenue loss for H1

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Vivienne Tay

Vivienne Tay

Published Wed, Mar 18, 2020 · 09:50 PM

Singapore

CITY Developments Ltd (CDL) subsidiary Millennium & Copthorne Hotels New Zealand has forecast around NZ$24 million (S$20.4 million) in hotel revenue loss for the first half of 2020.

This comes as the New Zealand government rolls out new border entry restrictions due to the novel coronavirus outbreak, which apply until the end of March.

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