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Union urges SkyCity to lift pay rate
9 Jul 2021   /

Union urges SkyCity to lift pay rate

Unite Union is calling on SkyCity to increase pay rates by at least $2 per hour to provide a living wage for its employees.


Auckland Airport: Outbreaks in unvaccinated populations denting confidence
1 Jul 2021   /

Auckland Airport: Outbreaks in unvaccinated populations denting confidence

The recovery can start early 2022 if the govt can complete its vaccination programme by Xmas, says Adrian Littlewood.


Polynesian Spa tepid, pot of gold at Rainbow’s End – Rangatira
28 Jun 2021  

Polynesian Spa tepid, pot of gold at Rainbow’s End – Rangatira

Rainbow’s End has not felt the same impact from border closures as Polynesian Spa, says owner Rangatira.


THL upgrades guidance for FY21
25 Jun 2021  

THL upgrades guidance for FY21

Tourism Holdings Limited now expects a net debt of $50m at end-June, versus up to $90m seen earlier.


Higher property values see Skyline profit jump
24 Jun 2021  

Higher property values see Skyline profit jump

Skyline Enterprises will not pay a dividend for FY21 as uncertainty around return of international visitors remains.


Air NZ expects FY21 pretax loss of up to $450m
18 Jun 2021   /

Air NZ expects FY21 pretax loss of up to $450m

Red ink at national carrier seen as staunched somewhat compared to last FY due to strong domestic, cargo.


Polynesian Spa owner swings into black
16 Jun 2021  

Polynesian Spa owner swings into black

Rangatira’s tourism operations drag on other sectors in its investment portfolio.


Skyline sells Dunedin hotel to Distinction
15 Jun 2021   /

Skyline sells Dunedin hotel to Distinction

However, the international operator says the off-market deal does not indicate any change in its overall strategy.


“Strong” domestic demand drives new SkyCity guidance
11 Jun 2021  

“Strong” domestic demand drives new SkyCity guidance

The operator says normalised FY21 earnings could reach $253m.


Wellington port shareholders to receive $15m payout
8 Jun 2021  

Wellington port shareholders to receive $15m payout

CentrePort in Wellington has agreed to pay a “special dividend” of $15m to shareholders Greater Wellington Regional Council and Horizons Regional Council as the company continues to develop its regeneration projects.


Southern Discoveries doubles domestics, predicts long recovery
25 May 2021   /

Southern Discoveries doubles domestics, predicts long recovery

“We don’t see a bounce-back in 2022,” says the operator’s CEO, Tim Hunter.


Serko posts $29m loss, sees brighter travel bookings future
19 May 2021   /

Serko posts $29m loss, sees brighter travel bookings future

Travel volumes for April 2021 were at 84% of 2019 levels.


Wellington Airport “buzzing” despite $36m FY21 loss
17 May 2021   /

Wellington Airport “buzzing” despite $36m FY21 loss

Wellington International Airport Limited has reported a $35.72m loss for the 12 months to March 2021, down 223.6% from the previous period.


Aus retailer enters NZ tourism with $2.7m hotel acquisition
5 May 2021   /

Aus retailer enters NZ tourism with $2.7m hotel acquisition

Australian-based retailer Mediland Pharm has entered New Zealand’s tourism sector with the $2.69m purchase of Hamilton’s Heartland Ambassador Hotel.


March Air NZ passengers down 39.2% on year
4 May 2021  

March Air NZ passengers down 39.2% on year

Air New Zealand passenger numbers fell 39.2% in March 2021 to around 828,000 from the 1.36 million reported for the same month last year.


Tasman Tourism appoints CEO, expands in NZ
30 Apr 2021   /

Tasman Tourism appoints CEO, expands in NZ

Tasman Tourism has appointed Nikki Fisher to chief executive to help guide the Australian-based operator’s expansion both at home and in New Zealand.


THL guides FY21 loss of up to $18m
23 Apr 2021   /

THL guides FY21 loss of up to $18m

Stong RV sales in the US is bringing in revenue but rental demand is slow due to the lack of visitors.


Quinn makes bid for Taupo motorsport attraction
21 Apr 2021  

Quinn makes bid for Taupo motorsport attraction

Tony Quinn has made a conditional buyout offer for the Bruce McLaren Motorsport Park Taupo.


S&P upgrades SkyCity as revenue outlook improves
20 Apr 2021  

S&P upgrades SkyCity as revenue outlook improves

Capex on the NZICC and Horizon Hotel development is likely past its peak, says the global ratings agency.


Aus fund manager Yarra takes substantial SkyCity interest
16 Apr 2021  

Aus fund manager Yarra takes substantial SkyCity interest

Change affects 8.63% of voting power in casino operator, effective 12 April.


SkyCity to stop using junket operators in casinos
15 Apr 2021  

SkyCity to stop using junket operators in casinos

Decision follows strategic review of its international business as indicated in half year result.


Air NZ defers capital raise, secures another $600m from Govt
9 Apr 2021   /

Air NZ defers capital raise, secures another $600m from Govt

The new money brings the total amount loaned to the airline by the Govt to $1.5bn. 


‘Buy the rumour, sell the news’ – stocks shift after bubble announced
8 Apr 2021  

‘Buy the rumour, sell the news’ – stocks shift after bubble announced

It was a classic case of ‘buy the rumour, sell the news’ for Air New Zealand stocks.


Serko closes in on pre-Covid transactions volumes
24 Mar 2021   /

Serko closes in on pre-Covid transactions volumes

Serko has recorded an uplift in transactions so far in March 2021 to reach 68% of the volumes recorded for the same period in March 2019.


‘Trapped’ tourists drive retailer’s earnings up
23 Mar 2021  

‘Trapped’ tourists drive retailer’s earnings up

The company has been able to capitalize on campers, surfers, rock climbers and kayakers trapped in NZ and Australia with time and income.


Queenstown operator jumps at iFLY acquisition
2 Mar 2021   /

Queenstown operator jumps at iFLY acquisition

“Am I bats… crazy? I guess we’ll find out,” says Matt Wong on his purchase of the attraction.


Cruise absence sees ship visits fall at Port of Tauranga
2 Mar 2021  

Cruise absence sees ship visits fall at Port of Tauranga

Port of Tauranga saw ship visits decline by 15.3% to 661 for the six months to December 2020.


STAPP doing exactly what intended: protecting jobs – THL’s Webster
1 Mar 2021   /

STAPP doing exactly what intended: protecting jobs – THL’s Webster

THL’s CEO Grant Webster says the STAPP is doing exactly what it intended – protecting jobs that were marginal and at risk.


Surging motorhome sales help THL slash debt by $106m
26 Feb 2021  

Surging motorhome sales help THL slash debt by $106m

The operator’s NZ tourism group saw revenue dive to $2.6m for the six months to December 2020.


Cash burn rate key for Air NZ as Covid crisis continues
26 Feb 2021  

Cash burn rate key for Air NZ as Covid crisis continues

“Compared to most of our global peers, we are in a very fortunate position,” said chief executive Greg Foran.


Air NZ posts 1H net loss of $72m, suffers “huge” cash burn
25 Feb 2021  

Air NZ posts 1H net loss of $72m, suffers “huge” cash burn

Operating revenue dropped 59% to $1.2bn as border closures continued to hurt the flagship carrier’s operations.


Tourist trains report biggest fall in revenue for KiwiRail
25 Feb 2021  

Tourist trains report biggest fall in revenue for KiwiRail

KiwiRail’s three scenic train services recorded a 65% fall in revenue, or $7.6m, for the six months ending December 2020.


Experience Co: Queenstown tourism business hardest hit
23 Feb 2021   /

Experience Co: Queenstown tourism business hardest hit

The Australasian operator’s New Zealand skydiving business was among its worst performers, according to the company’s half-year report.


Online gaming ascendant as tourism struggles – SkyCity CEO
19 Feb 2021  

Online gaming ascendant as tourism struggles – SkyCity CEO

SkyCity’s online gaming business is booming, with the operator’s new boss bringing a ton of experience in the field.


Airports suffer as pandemic hits interim revenues
18 Feb 2021   /

Airports suffer as pandemic hits interim revenues

Auckland Airport falls into the red but Queenstown and Christchurch manage to stay in the black – but only just.


SkyCity 1H profit falls 42% in “challenging environment” but online gaming soars
18 Feb 2021   /

SkyCity 1H profit falls 42% in “challenging environment” but online gaming soars

The operator says its revenue was dragged down by weaker tourism-related business during the pandemic.


JUCY collapsed owing $44m to ASB
17 Feb 2021   /

JUCY collapsed owing $44m to ASB

Colin Neal’s Polar Capital snapped up most of the group’s assets, which were valued at around $20m.


Millennium & Copthorne hotel income halves in “horrid” 2020
17 Feb 2021   /

Millennium & Copthorne hotel income halves in “horrid” 2020

A “horrid” year saw average hotel occupancy across the group plummet to 39%.


Wellington Airport earnings guidance lifts after “strong” domestic demand
17 Feb 2021   /

Wellington Airport earnings guidance lifts after “strong” domestic demand

Domestic passenger capacity at Wellington International Airport in December reached 90% of pre-Covid levels with local demand expected to come close to offsetting the lack of international traffic, says majority owner Infratil.


Domestic travel boosts camping sales – Kathmandu
16 Feb 2021   /

Domestic travel boosts camping sales – Kathmandu

Camping sales across New Zealand and Australia has helped lift half-year revenue, says outdoor retailer Kathmandu.


TNZ’s FY20: Pay increases, pandemic and progress
18 Dec 2020  

TNZ’s FY20: Pay increases, pandemic and progress

The number of TNZ staff being paid $100k or more has jumped by 10%, with pay packets at the top end of the table rising significantly.


Queenstown Airport November passengers fall 47%
11 Dec 2020  

Queenstown Airport November passengers fall 47%

There were 108,615 total passengers passing through Queenstown Airport during the month of November 2020, down 47% on the same month last year.


KiwiRail focuses on two-tier pricing after scenic rail revenue falls 28%
10 Dec 2020  

KiwiRail focuses on two-tier pricing after scenic rail revenue falls 28%

A main focus for KiwiRail’s for the coming year is to grow tourism by delivering enhanced tourism offerings.


Wellington Airport owner Infratil rejects takeover bid
10 Dec 2020  

Wellington Airport owner Infratil rejects takeover bid

Infratil’s board of directors have rejected a takeover bid by Australia’s largest superannuation fund, AustralianSuper.


Travel booking volumes improving – Serko
8 Dec 2020   /

Travel booking volumes improving – Serko

Online corporate booking company Serko says travel booking volumes are showing gradual improvement.


Wayfare exits F&B sector with brewery sale
3 Dec 2020   /

Wayfare exits F&B sector with brewery sale

Wayfare has exited the food and beverage sector with the sale of its Canyon Brewing business near Queenstown.


Interislander, scenic train slump hits KiwiRail income 
30 Nov 2020  

Interislander, scenic train slump hits KiwiRail income 

Covid-19 impacts on KiwiRail’s Interislander and scenic trains saw its operating surplus fall to $40m for the year to June 2020, down 27% on the previous year.


Kathmandu CEO resigns
30 Nov 2020   /

Kathmandu CEO resigns

Kathmandu Holdings Group chief executive Xavier Simonet has announced his resignation after five years with the company.


Lower tourist traffic hits Kathmandu’s results
26 Nov 2020  

Lower tourist traffic hits Kathmandu’s results

Same-store sales were hit by Covid and tourist restrictions with revenue down 26%, says the company.


SkyCity CEO, senior execs to depart
16 Nov 2020   /

SkyCity CEO, senior execs to depart

Chief executive Graeme Stephens is among a trio of senior leaders leaving the operator.