Napier Port has reported cruise revenue of $5.1m for the six months to 31 March 2023.
The business travel platform says its FY23 NZ bookings were 136% of pre-pandemic levels.
Wellington Airport has posted a net profit of $25.24m for the 12 months to 31 March 2023, up 730.26% on the year prior.
Auckland Airport has launched its retail bond offer of up to $100m of five and a half year fixed rate bonds to New Zealand investors, with an ability to accept up to $50m in oversubscription.
Auckland International Airport Limited is considering an offer of fixed-rate bonds to New Zealand retail and institutional investors, maturing in November 2028.
THL-owned Action Manufacturing has purchased transport refrigeration company Transcold for $5.4m.
The airline now expected its earnings before other significant items and taxation for FY23 to be in the range of $510m to $560m.
The NZ hotel operator is in a joint venture to acquire a 5-star Sofitel for around $190m.
Motive Group has acquired the HOST Accommodation Group network, which comprises seven motels and motor lodges around New Zealand.
Kathmandu owner KMD Brands Limited has reported record first-half sales of $547.9m for the six months to 31 January 2023, up 34.5% on the previous corresponding period.
Queenstown Lakes District Council is expecting an improved dividend from Queenstown Airport Corporation to help offset rates rise of 13.6%.
Strong air travel and tourism contributed to Waikato Regional Airport Limited’s (WRAL) net surplus after tax of $17.7m for the six months to December 2022.
A new entity owned by Ruapehu Alpine Lifts life pass members and Sky Waka bondholders was the government’s preferred solution to save skiing at Mt Ruapehu after the operator went into voluntary administration.
Auckland Council has opened consultation on its 2023/2024 budget, which includes a proposal to sell all of its shareholdings in Auckland International Airport Limited.
A stronger than expected recovery at Christchurch Airport helped drive net profit after tax to $16.1m for the six months to December 2022, up 39.1% on the same period a year earlier.
KPMG was engaged to scope interest in the youth and adventure-focused coach business.
Revenue jumps 177% on a stronger and faster recovery than initially expected.
The operator reports a net underlying profit of $67.9m, up from an $11.5m loss for the previous corresponding period.
Queenstown Airport Corporation will pay a record interim dividend after a strong recovery in passenger numbers.
Millennium & Copthorne Hotels managed to increase revenue in 2022 but rising costs ate into profit in another “tough” year for the operator.
SkyCity Entertainment Group has reported total revenue of $462.6m for the six months to 31 December 2022, up 59.6% on the previous corresponding period thanks to increased visitation.
Tourism Holdings Limited expects an underlying net profit after tax to exceed $75m for FY23.
The return of travel and tourist-related spend saw Kathmandu stores report sales up 51% for the half-year ended 31 January 2023, compared with the same period a year earlier.
Another Covid-disrupted year saw Tourism New Zealand miss many of its performance targets but stakeholders remain pleased with its work as it started to refocus on overseas campaigning.
Business travel platform Serko has upgraded its revenue guidance for the year to March 2023, following a stronger than expected revenue performance across its major markets.
The group swoops on Torlesse Travel and BOP’s Bethlehem Coachlines.
Air New Zealand has upgraded its half-year earnings guidance for FY23 due to continuing strong travel demand and lower jet fuel prices.
The deal marked a number of firsts for takeovers, according to THL’s legal advisers.
Auckland Airport says it will “continue to have a constructive relationship” with Auckland Council following statements from the city’s mayor of a possible sale of an 18% shareholding.
Mayor Wayne Brown says the sale of the stake could raise $2bn and cut planned rates rises by a third.
THL and its controlled entities now hold all of Apollo’s shares, and it has also completed the divestment of assets to Jucy, required under the deal.
Air New Zealand has redeemed the remaining $200m of redeemable shares on issue to the Crown.
Apollo’s CEO will be in charge of finding further M&A, as THL casts an eye over executive role duplication.
Total travel booking volumes rose 73% to 2.3 million from 1.3 million and online travel bookings increased 75% to 2 million from 1.1 million.
The Queenstown-based group says all of its lead indicators point to a strong summer of trading.
The trade creditors collectively comprise the fourth largest group owed money by the beleaguered ski field operator.
Tourism Holdings Limited and Apollo Tourism & Leisure have secured the last legal approval required for their merger.
Apollo Tourism & Leisure’s shareholders have voted in favour of Tourism Holdings’ takeover.
SkyCity Entertainment Group Limited has entered into an agreement with two of its existing United States private placement holders to secure additional financing.
Tourism Holdings Limited expects its New Zealand tourism division to return positive earnings this fiscal year after two years of losses.
An emergency loan of $4m has been provided to Ruapehu Alpine Lifts to allow it to prepare for next year’s ski season.
Wellington International Airport Limited has reported net profit after tax of $11m for the six months ended 30 September 2022, up from the $2.9m reported for the same period last year.
The Auckland-based operator is holding its virtual annual meeting of shareholders today, positive about the tourism recovery but cautious about the rest of the fiscal year given the global economic uncertainty.
KiwiRail will be hoping for a strong rebound in its tourist trains business after revenue fell to $3.5m for the year to June 2022 – the lowest recorded during the pandemic .
Ruapehu Alpine Lifts owes $44.3m, according to a report from the voluntary administrators.
The operator now expects a full recovery in passenger numbers in calendar 2024.
Air New Zealand Limited has launched a $75m bond offer with the ability to accept oversubscriptions of up to an additional $25m.
Has an Australian-backed venture with Kiwi connections secured the coveted portfolio?
Covid disruption and a particularly poor season this year places the operator under significant cashflow pressure.
Earlier guidance from August 2022 expected net profit to range between $17m – $30.2m.
