M&C

27th February 2024 Hotels / M&C

Millennium & Copthorne returns to FY profit, revenue tops $100m

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16th November 2023 M&C / NZX

M&C “disappointed” in penalty size for rule breaches

Millennium & Copthorne Hotels says it is “disappointed” by a $50,000 penalty imposed on the business as a result of breaches of NZX listing rules.

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9th August 2023 Hotels / M&C

M&C Hotels back in black as occupancy, revenue jump

The operator returns to profit after reporting loses for the past two years because of Covid.

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20th June 2023 M&C / Wildlife

Millennium Hotels partners with Save The Kiwi

Millennium Hotels and Resorts and Save The Kiwi have partnered on a new consumer option to help support native kiwi.

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25th May 2023 Hotels / M&C

M&C: $189m Brisbane acquisition beachhead for further Aus expansion

Millennium & Copthorne NZ hopes the purchase will open doors to further deals across the ditch.

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31st March 2023 Hotels / M&C

Millennium & Copthorne to start hotel refurbs

Refurbishments are soon to start at Copthorne Hotel & Resort Bay of Islands and the Millennium Hotel Rotorua.

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22nd March 2023 Acquisitions / M&C

Millennium & Copthorne NZ invests $96m to enter Aus with Brisbane deal

The NZ hotel operator is in a joint venture to acquire a 5-star Sofitel for around $190m.

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17th February 2023 Hotels / M&C

Staff shortages, cost increases plague “tough” year for Millennium hotels

Millennium & Copthorne Hotels managed to increase revenue in 2022 but rising costs ate into profit in another “tough” year for the operator.

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11th August 2022 Hotels / M&C

Millennium & Copthorne reports interim loss, revenue fall from hotels

The group says hotel operations in NZ “are still challenging” with competition for skilled labour intense for the foreseeable future.

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4th July 2022 Hotels / M&C

Grand Millennium lease renewed on cheaper rent

Millennium & Copthorne Hotels New Zealand and landlord CDL Hospitality Trusts have renewed the lease agreement for Grand Millennium Auckland.

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25th May 2022 Hotels / M&C

Millennium & Copthorne occupancy below 36% but recovery expected

Major sporting events will help the recovery from later this year, says the operator.

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6th May 2022 M&C / People

Millennium & Copthorne appoints BK Chiu replacement

Harrison will commence the handover process in the coming weeks with retiring managing director BK Chiu.

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30th March 2022 Hotels / M&C

Millennium & Copthorne drops vaccine pass requirement

Vaccine passes will no longer be required to be presented at Millennium & Copthorne hotels, restaurants, bars and meeting venues from 5 April.

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23rd February 2022 Hotels / M&C

M&C to open Copthorne Hotel Greymouth on 1 March

Millennium & Copthorne Hotels will reopen the former Kingsgate Hotel Greymouth as Copthorne Hotel Greymouth on 1 March.

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21st February 2022 Hotels / M&C

M&C: One-off land sale lifts hotels into black

Millennium & Copthorne says occupancy across the group fell to 36% for 2021.

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26th November 2021 M&C / Vaccination

Millennium & Copthorne mandates visitor, staff vaccination

The hotel group is the latest operator to require fully vaccinated guests and workers.

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1st September 2021 Hotels / M&C

Millennium & Copthorne suffers 9000+ cancellations due to lockdown

Millennium & Copthorne Hotels New Zealand says it has received more than 9000 cancellations because of the latest Covid-19 outbreak.

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2nd August 2021 Hotels / M&C

Millennium & Copthorne’s hotels return $33k interim profit

Millennium & Copthorne’s New Zealand hotel operations stayed in the black in the first half of the year – just.

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4th March 2021 Hotels / M&C

M&C’s FY21 at the mercy of Covid – BK Chiu

Millennium & Copthorne Hotels New Zealand expects a difficult year ahead with conditions largely “outside of our control”, says BK Chiu.

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17th February 2021 Hotels / M&C

Millennium & Copthorne hotel income halves in “horrid” 2020

A “horrid” year saw average hotel occupancy across the group plummet to 39%.

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27th May 2020 Hotels / M&C

More than 900 staff let go, almost all hotels now open – M&C

Occupancy across the group plummeted to 1.5% in April.

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12th February 2018 M&C

M&C boosts RevPAR, reports hotel income up 12% to $106m

Millennium & Copthorne Hotels said revenue per available room at its NZ assets grew by 8.2% in 2017, helping to drive hotel income up by 11.6% to $105.6m for the year to December.

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7th February 2018 M&C

M&C buys New Plymouth’s The Waterfront Hotel

Millennium & Copthorne Hotels has bought New Plymouth’s The Waterfront Hotel.

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News

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5 Mar 2024   Funding / FWA

NZ can learn from France’s tourism funding models – Grant Ross

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Milford international visitor access fee will need law change – MOP

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Chinese visitors driving faster NZ skydive recovery for Experience Co

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Tuesday 5 March

4 Mar 2024   Whakaari / White Island Tours

White Island Tours “likely to go into liquidation” after $5.5m Whakaari penalties

4 Mar 2024   QLDC / Sustainability

Queenstown Lakes residents want tourism to pay for impacts – survey