Research Article
An Empirical Modelling of New Zealand Hospitality and Tourism Stock Returns
Table 1
Descriptive statistics of Hospitality and Tourism Companies Monthly Stock Returns, 1999(3)–2012(9).
| | Stock return | Mean | Standard deviation | Normality |
| | Auckland International Airport (AIA) | 0.685 | 5.82 | 2.38* | | Air New Zealand (AIR) | −1.476 | 11.88 | 1057.68 | | Millenium & Copthorne Hotels (MCK) | 0.168 | 7.55 | 9.64* | | New Zealand Experience (NZE) | 1.106 | 13.85 | 98.23 | | Restaurant Brands (RBD) | 0.358 | 7.41 | 6.52* | | Sky City Entertainment (SKC) | 0.576 | 6.25 | 14.56 | | Tourism Holdings (THL) | −0.402 | 10.06 | 6.86 |
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Note: *indicates 5% significance level.
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