Unite Union is calling on SkyCity to increase pay rates by at least $2 per hour to provide a living wage for its employees.
The recovery can start early 2022 if the govt can complete its vaccination programme by Xmas, says Adrian Littlewood.
Rainbow’s End has not felt the same impact from border closures as Polynesian Spa, says owner Rangatira.
Tourism Holdings Limited now expects a net debt of $50m at end-June, versus up to $90m seen earlier.
Skyline Enterprises will not pay a dividend for FY21 as uncertainty around return of international visitors remains.
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.
However, the international operator says the off-market deal does not indicate any change in its overall strategy.
The operator says normalised FY21 earnings could reach $253m.
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.
“We don’t see a bounce-back in 2022,” says the operator’s CEO, Tim Hunter.
Travel volumes for April 2021 were at 84% of 2019 levels.
Wellington International Airport Limited has reported a $35.72m loss for the 12 months to March 2021, down 223.6% from the previous period.
Australian-based retailer Mediland Pharm has entered New Zealand’s tourism sector with the $2.69m purchase of Hamilton’s Heartland Ambassador Hotel.
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 has appointed Nikki Fisher to chief executive to help guide the Australian-based operator’s expansion both at home and in New Zealand.
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.
Decision follows strategic review of its international business as indicated in half year result.
The new money brings the total amount loaned to the airline by the Govt to $1.5bn.
It was a classic case of ‘buy the rumour, sell the news’ for Air New Zealand stocks.
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.
The company has been able to capitalize on campers, surfers, rock climbers and kayakers trapped in NZ and Australia with time and income.
“Am I bats… crazy? I guess we’ll find out,” says Matt Wong on his purchase of the attraction.
Port of Tauranga saw ship visits decline by 15.3% to 661 for the six months to December 2020.
THL’s CEO Grant Webster says the STAPP is doing exactly what it intended – protecting jobs that were marginal and at risk.
The operator’s NZ tourism group saw revenue dive to $2.6m for the six months to December 2020.
“Compared to most of our global peers, we are in a very fortunate position,” said chief executive Greg Foran.
Operating revenue dropped 59% to $1.2bn as border closures continued to hurt the flagship carrier’s operations.
KiwiRail’s three scenic train services recorded a 65% fall in revenue, or $7.6m, for the six months ending December 2020.
The Australasian operator’s New Zealand skydiving business was among its worst performers, according to the company’s half-year report.
SkyCity’s online gaming business is booming, with the operator’s new boss bringing a ton of experience in the field.
Auckland Airport falls into the red but Queenstown and Christchurch manage to stay in the black – but only just.
The operator says its revenue was dragged down by weaker tourism-related business during the pandemic.
Colin Neal’s Polar Capital snapped up most of the group’s assets, which were valued at around $20m.
A “horrid” year saw average hotel occupancy across the group plummet to 39%.
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.
Camping sales across New Zealand and Australia has helped lift half-year revenue, says outdoor retailer Kathmandu.
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.
There were 108,615 total passengers passing through Queenstown Airport during the month of November 2020, down 47% on the same month last year.
A main focus for KiwiRail’s for the coming year is to grow tourism by delivering enhanced tourism offerings.
Infratil’s board of directors have rejected a takeover bid by Australia’s largest superannuation fund, AustralianSuper.
Online corporate booking company Serko says travel booking volumes are showing gradual improvement.
Wayfare has exited the food and beverage sector with the sale of its Canyon Brewing business near Queenstown.
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 Holdings Group chief executive Xavier Simonet has announced his resignation after five years with the company.
Same-store sales were hit by Covid and tourist restrictions with revenue down 26%, says the company.
Chief executive Graeme Stephens is among a trio of senior leaders leaving the operator.