Fine Food NZ a barometer for vital industry –
Wild weather, rampant inflation, staff shortages, cost of living crises, and all following years of COVID restrictions: there’s a lot going on in the world, much of which has a direct impact on New Zealand’s food production, food service, food retail and hospitality industries. Despite a seemingly endless series of challenges, the people who run these businesses across the country have proven more than resilient and adaptable and, in many instances, have shouldered new and unexpected burdens with an indomitable spirit – and things are starting to look up. That’s according to Deb Haimes, Sales & Event Manager for the…
When Should You Buy Hyatt Hotels Corporation (NYSE:H)?
Today we’re going to take a look at the well-established Hyatt Hotels Corporation (NYSE:H). The company’s stock received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$123 at one point, and dropping to the lows of US$104. Some share price movements can give investors a better opportunity to enter the stock, and potentially buy at a lower price. A question to answer is whether Hyatt Hotels’ current trading price of US$110 reflects the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to…
Budget unbalanced overall says Hospitality New Zealand –
Budget 2023 does not do enough to further support small businesses and contains little acknowledgment of the current economic environment’s impact on business in general, says Hospitality New Zealand. Chief Executive Julie White said there were some helpful moves on the budget, but overall, it was a disappointment. “The additional $17.6 million, over five years, of funding for the Major Events Fund to support the ongoing attraction of major events to Aotearoa will be welcomed by the sector. “This is essential for us to attract big events and add immense vibrancy to our main centers, driving tourism and economic spending.…
Cauliflower star vege in 2023 NSSCC competition! –
Mashed, roasted, au Gratin, casserole, made into soups, pizza bases and taco shells, you name it and the humble cauliflower has co-operated! And this year it is the key ingredient in the National Secondary Schools’ Culinary Challenge. Entries open on June 1, and close June 30 at the end of Term 2, for high school students to prepare and perfect the most delicious cauliflower entre dishes they can. The National Secondary Schools Culinary Challenge is an annual event run by the Culinary Arts Development Trust. The competition is designed to encourage the next generation of culinary talent, provide career pathways…
Go Coconuts for NEW Monin flavours! –
Bring the sunshine in this winter with MONIN’s two new tropical flavours – MONIN Coconut Puree and MONIN Le Mixeur Pina Colada. Le Mixeur de MONIN Pina Colada is your bartender in a bottle – simply add equal parts mixer, spirit and ice for a delicious and quick cocktail. Bursting with the fruity sweetness of pineapple and creamy coconut, Le Mixeur Pina Colada will instantly transport you to the tropics when you add it to cocktails, milkshakes and smoothies, or be adventurous and try mixing it in cold brew coffee with coconut milk. You can also try it in your…
Flourishing Food Truck future on the horizon –
At high school in Wellington, Jes Howes was struggling to thrive and fast losing self-esteem. By Year 13, Howes decided it was time to move on and find a different pathway. With the encouragement of her parents, who knew she had a passion for cooking, she researched options at Whitireia and WelTec | Te Pukenga and embraced a new future. Jes quickly immersed himself in his new, hands-on, practical study in the Commercial Kitchens of the hospitality campus and qualified in bakery, cookery and hospitality management. This experience cemented her ideas about pursuing a career doing what she loved, cooking,…
Looming $160m excise tax hard to absorb says NZABC –
The year has just got more challenging for producers, hospitality businesses and consumers of beer, wines and spirits with the announcement that the Consumer Price Index (CPI) is 6.7%. “The 6.7% rise in the CPI is used as a benchmark to increase the excise tax on beer, wines and spirits. The excise tax was $1.24 billion in June 2022 and is forecast to be $1.4 billion the following year[1]. This will mean an extra $160 million in new taxes which are paid by producers and ultimately consumers. In this time of rapid inflation and a cost of living crisis, extra…