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Millennium & Copthorne New Zealand faces cancellations, unable to forecast exact impact on 1H21 financial performance

Felicia Tan
Felicia Tan2/16/2021 05:46 PM GMT+08  • 1 min read
Millennium & Copthorne New Zealand faces cancellations, unable to forecast exact impact on 1H21 financial performance
The number of deferrals and cancellations vary from hotel to hotel, which will impact M&C New Zealand’s revenue for February.
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Millennium & Copthorne (M&C) Hotels New Zealand, a subsidiary of City Developments Limited (CDL), says it has received “multiple cancellations” for bookings over the week of Feb 16 and the following weeks in the same month due to the Covid Alert Level changes made by the New Zealand government on Feb 14.

“Some events which cannot be held under Level 2 and Level 3 restrictions have also had to be cancelled and, where possible, these have been postponed to a new date,” says M&C New Zealand in a Feb 16 statement.

The number of deferrals and cancellations vary from hotel to hotel, which will impact M&C New Zealand’s revenue for February.

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