KMD Brands says its total sales are expected to be in the range of $955m – $965m for the year ending 31 July 2022.
With a focus on having a laugh, a new venture aims to leave guests smiling.
Some 68% of local SMEs believe the New Zealand economy will decline in the next 12 months.
But longer haul markets may only be 20% of pre-Covid levels.
The airline predicts a record FY22 loss of more than $800m but plans a capital raise before the end of March.
The operator says revenue for the six months to December 2021 fell to $175m.
Millennium & Copthorne says occupancy across the group fell to 36% for 2021.
After more than 50 years of operating, the company files for voluntary liquidation citing NZ’s border rules as the last straw.
Wellington International Airport Limited expects passenger numbers for this month and the next to track around 40% of levels compared to pre-Covid, parent company Infratil said at an investor briefing Tuesday.
Tourism Holdings Limited’s efforts to purchase Apollo Tourism & Leisure of Australia are progressing with Apollo’s Board intending to unanimously recommend that its shareholders approve the deal.
The casino and hotel operator is in hunker down mode as it controls costs before any meaningful return of international tourists.
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ldings Limited is funding the acquisition of heavy transport manufacturing firm MaxiTRANS in New Zealand by its subsidiary Action Manufacturing for a purchase price of $5.7m.
Air New Zealand carried more domestic travellers in 2021 than in 2020, despite the biggest market being in lockdown for nearly five months.
SkyCity operations have been hurt by trading environments in New Zealand and Australia so far in the first half of the financial year, the casino operator said in an update to investors today.
Tourism Holdings Limited reiterated that it expects to make another net loss after tax for the current year to June, but sees the period as having two distinct halves.
Helloworld’s New Zealand business saw revenue plummet 83.5% to A$7.8m in the year to June 2021, compared with A$47.3m posted in FY20.
Revenue fell at all of the SOE’s scenic train services in a “difficult environment for tourism operators,” says CEO Greg Miller.
New Zealand was a drag on earnings for a number of large Australian-based tourism and travel firms, and returning to growth will depend on the effectiveness of the vaccination programme here.
The operator says lockdown is costing it $1m a day in profit but it is paying back almost $7m of the wage subsidy it received last year.
Total passenger traffic through the airport was down 58% on the previous financial year at 6.4 million passengers.
nternational passengers fell 95.7% due to Covid-19 border restrictions and domestic passengers increased by 1.9% on the 2020 financial year supported by a strong domestic recovery.
Holiday park operator Tasman Tourism New Zealand is hoping to expand its portfolio of assets and create a database of potential employees to tap when the time is right.
Go Bus has acquired Invercargill-based McDermott Coachlines.
SkyCity says it is “prudent to have a buffer” between Fletcher’s current delivery date of late 2024 and the project’s deadline.
WellingtonNZ aims to share lessons learned from programme with rest of New Zealand after pilot complete.
Unite Union is calling on SkyCity to increase pay rates by at least $2 per hour to provide a living wage for its employees.
Ngāi Tahu Tourism was one of the businesses that received government support but the iwi says it will pay most of it back.
Online travel booking and expense management firm Serko has appointed Shane Sampson chief financial officer.
Qualifying staff to receive share rights vesting in February 2023.
More than 2,500 copies distributed to business event organisers in Australia and New Zealand.
Lack of overseas visitors, difficultly in finding migrant workers cited.
Red ink at national carrier seen as staunched somewhat compared to last FY due to strong domestic, cargo.
Rangatira’s tourism operations drag on other sectors in its investment portfolio.
The operator says normalised FY21 earnings could reach $253m.
New appointees take up posts 8 June.
“We don’t see a bounce-back in 2022,” says the operator’s CEO, Tim Hunter.
Leopard Coachlines director Brent Early says his business is suffering and the govt has abandoned the industry.
Travel volumes for April 2021 were at 84% of 2019 levels.
Stong RV sales in the US is bringing in revenue but rental demand is slow due to the lack of visitors.
Tony Quinn has made a conditional buyout offer for the Bruce McLaren Motorsport Park Taupo.
Capex on the NZICC and Horizon Hotel development is likely past its peak, says the global ratings agency.
Change affects 8.63% of voting power in casino operator, effective 12 April.
The company has been able to capitalize on campers, surfers, rock climbers and kayakers trapped in NZ and Australia with time and income.
“Compared to most of our global peers, we are in a very fortunate position,” said chief executive Greg Foran.
Tourism Holdings’ chief executive Grant Webster says a court ruling about holiday pay won’t have a material impact on the company but some companies may need to review processes.
Starting a new business in the middle of the pandemic may be a scary idea to some, but was necessary to deliver what was promised to clients, says the new directors of Motive Events.
SkyCity chairman Rob Campbell told investors and analysts that the departure of chief executive Graeme Stephens was not unusual or entirely unexpected.
NZX-listed Augusta Capital is again the target of a takeover, with Australian company Centuria renewing an earlier bid.
Payouts for the Government’s wage subsidy scheme neared $10bn by the end of last week as businesses from across the country seek support during the Covid-19 crisis.