Tourism Industry Aotearoa, which represents 140 New Zealand hotels, says occupancy rates hit a five-year high in 2015.

The average occupancy rate was 78.8 per cent, up 3.1 per cent on 2014. The average daily rate achieved rose $12 to $157, another five-year high. Total revenue for all members rose to $1.17 billion from $1.05b in 2014. Auckland achieved the highest annual occupancy rate of 84 per cent,…