Experience Co has downgraded its earnings forecast following a wet start to the year that hampered activity at its NZ and Australian operations.
Rangatira Investments, the owner of Auckland’s Rainbow’s End and Rotorua’s Polynesian Spa, has appointed Mark Dossor its new chief executive.
Haka Tourism Group has appointed AJ Hackett Bungy New Zealand’s Graham Kinlan as its new general manager.
SKYCITY Entertainment Group says it will boost the wages of its lowest paid workers in New Zealand by 21% to at least $20 per hour by 2020.
A 50% jump in cruise ship numbers helped lift Ports of Auckland’s interim revenue to $120.6m for the six months to December 2017, up 9.1% on the same period a year earlier.
The Dunedin City Holdings Limited group has reported a surplus after tax profit of $3.8m for the six months to December 2017
Australian tourism and travel operators have reported record profits this week with Qantas, Flight Centre and Sydney Airport all enjoying the benefits of booming tourism.
Business expansion and tax windfalls have seen Tourism Holdings Limited’s half-year net profit after tax surge 102% in what it has billed as “another record result”.
Interislander revenue and passenger growth helped KiwiRail make a $15.3m operating surplus in the six months to December 2017, up 39% on the same period a year earlier.
Queenstown Airport Corporation (QAC) has reported an interim net profit after tax of $8.8m for the six months to December 2017, up 43% on the previous corresponding period.
It has taken a year of hard work but Tourism Holdings’ dream to build the world’s first global RV platform received a big boost last week with the announcement of its $128m joint venture with Thor Industries.
Tourism Holdings has poured its digital businesses into a $67m JV that it says will “turbocharge” the creation of a global digital motorhome platform.
Auckland Airport has reported underlying profit up 7.8% to $133.1m off revenue of $332.4m, up 6.9%, in its interim results for the six months to December 2017, driven by strong growth in retail and property income.
Revenue from its NZ skydiving operations was A$12.9m, up 7.5% compared to the same period a year earlier.
SKYCITY is on the hunt for tourism and entertainment operators to help fill its Auckland site once the New Zealand International Convention Centre (NZICC) launches.
Millennium & Copthorne Hotels said revenue per available room at its NZ assets grew by 8.2% in 2017, helping to drive hotel income up by 11.6% to $105.6m for the year to December.
SKYCITY has signalled a probable legal fight with contractor Fletcher Construction over the delay to the completion of the NZICC.
New Zealand-listed tourism stocks took a dive this morning after two days of wild trading in the international markets.
InterCity Group CEO John Thorburn on the company’s expansion beyond NZ with its purchase of the Cairns-based Tusa Group, which operates a variety of cruise products.
Skyline Enterprises has reported an increase in trading across all of its businesses except for its Christchurch Casino and Dunedin Leisure Lodge operations.
Napier Port has released its annual results for the 2017 financial year, reporting record cargo volumes and a strong financial result.
One of Australasia’s most acquisitive operators has made yet another big bet splashing $61.5m for two operators as part of its ambition to become “the world’s largest adventure tourism company”.
Ngāi Tahu Tourism has made a net profit of $13.28m for the year ending June, up 56% on the previous year’s result of around $8.5m.
The state-owned enterprise (SOE) achieved a Group Net Operating Profit after Tax (NOPAT) of $23.7 million in the financial year ending 30 June, 2017.
Chinese investment manager Citic Capital has become the largest shareholder of Tourism Holdings Limited (thl) after spending more than $20m this month purchasing almost 11% of the company.
Following the announcement that Australian travel group, World Expeditions, has taken a majority stake in iconic Otago Rail Trail operator, Trail Journeys, the Ticker gets the background, and the details of the deal.
A leading Australian adventure travel specialist has acquired iconic central Otago Rail Trail cycling tour operator, Trail Journeys.
Tourism Holdings shareholders voted yesterday to give the company’s board of directors a pay rise of $10,000-$20,000 each.
Wellington’s CentrePort made a $2.3m loss for the year to June despite its vehicles and cruise businesses up 32% and 12% respectively on the previous period.
Auckland Airport closes its $100m fixed-rate bond offer with interest set at 3.64% per annum and also taps Australia for extra $120m
One of Australasia’s most acquisitive operators has made another large investment again signalling its intent to become “the world’s largest adventure tourism company”.
Europe’s largest hotel group, Accor, has made a US$930m (NZ$1.3bn) bid for Australia’s Mantra Group, which could see a number of New Zealand assets change hands.
Tourism Holdings’ board of directors are seeking to lift their total pay pool by $100,000 to $650,000 per year.
Phil Veal, the chief executive of Rangatira Investments, which owns two of the country’s most iconic attractions, has resigned and will leave his role in November.
Auckland-based Stray Travel has bought Australia’s Loka adventure travel operator in a deal the companies say will create Asia Pacific’s largest “flexible adventure travel network”.
Cathy Quinn, ONZM, is a senior corporate partner at MinterEllisonRuddWatts has been appointed to the Tourism Holdings Limited Board.
A record number of passengers and strong property growth have helped Christchurch International Airport Limited (CIAL) report net profit after tax of $64.6m for the year ended June, up 50% on last year’s result.
Queenstown and Auckland airports have reported bumper profits driven by tourism and increased capacity.
Air New Zealand’s earnings before tax have fallen by 20.5% to $527m for the year ended June 2017.
Tourism Holdings has reported record net profit after tax of $30.2m for the year ended June, up 24% on the previous period.
SkyCity Entertainment Group is evaluating its Queenstown and Hamilton sites for redevelopments which could include new hotels.
SkyCity Entertainment Group has this morning reported a net profit after tax for the year to June of $44.9m, down 69.2% on the previous period, off revenue of $1.02bn, which was down 7.2%.
Connexionz, a leading provider of intelligent transit solutions for ferry and bus operators, has opened a US office in California.
Queenstown tour operator Action Adventures has spoken publicly about its deal with Australian private equity firm Blue Sky.
An Australian private equity investor has splashed millions for a stake in a Queenstown tour operator and is hunting for more deals in NZ’s booming tourism sector.
Australian-listed Flight Centre Travel Group has moved to increase its leisure and corporate travel market-share in New Zealand by buying two companies.
SkyCity Entertainment Group will write off all the goodwill in its Darwin casino complex with an A$95m impairment.
Mike Horne has been appointed chief executive of Fullers Group signalling a shift in strategy for the cruise, ferry and coach operator.
SkyCity says it is “comfortable” with its contractual agreements with developer Fletcher Construction despite a delay in the delivery of the New Zealand International Convention Centre.
Eastland Group recorded another strong business performance in the year to March 2017. Income increased to a record $76.2 million, with an audited profit of $14.8 million.
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