Research Article
An Empirical Modelling of New Zealand Hospitality and Tourism Stock Returns
Table 2
Beta estimates for hospitality and tourism companies, 1999(3)–2012(9).
| Company | Beta | t-stat | |
| Auckland International Airport (AIA) | 0.876 | 8.43 | 0.31 | Air New Zealand (AIR) | 1.250 | 5.32 | 0.15 | Millenium & Copthorne Hotels (MCK) | 0.561 | 3.60 | 0.08 | New Zealand Experience (NZE) | 0.142 | 0.48 | 0.001 | Restaurant Brands (RBD) | 0.645 | 4.29 | 0.10 | Sky City Entertainment (SKC) | 1.081 | 10.48 | 0.41 | Tourism Holdings (THL) | 1.573 | 8.93 | 0.33 |
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