Subscribe   Login     ☰ Menu
×
Tourism Ticker
Tourism Ticker
Advertisement
Tourism Ticker
Advertisement
Tourism Ticker
Home   News   Analysis   Companies   Regions   Jobs   Market   Calendar

Investment & Finance


Companies | Corporate & Results | Mergers & Acquisitions | Investment & Finance | Directory

SkyCity secures US$125m in debt facilities
7 Nov 2022  

SkyCity secures US$125m in debt facilities

SkyCity Entertainment Group Limited has entered into an agreement with two of its existing United States private placement holders to secure additional financing.


Hawke’s Bay Airport lifts revenue despite tough conditions
1 Nov 2022  

Hawke’s Bay Airport lifts revenue despite tough conditions

Hawke’s Bay Airport has posted revenue of $6.73m revenue for FY22, up slightly from last year, despite higher operating costs and the continued pressures from Covid on passenger numbers.


PurePods raises nearly $2.9m
25 Oct 2022   /

PurePods raises nearly $2.9m

PurePods has raised $2.88m – well above its $2m minimum capital raise target – on crowdfunding platform Snowball Effect.


Air NZ sets interest rate for $100m bond offer
21 Oct 2022  

Air NZ sets interest rate for $100m bond offer

Air New Zealand has set an interest rate of 6.61% per annum for its 5.5-year $100m unsecured, unsubordinated, fixed-rate bond offer.


PurePods hits capital raise minimum as offer nears close
20 Oct 2022   /

PurePods hits capital raise minimum as offer nears close

PurePods has hit its $2m minimum capital raise target through crowdfunding platform The Snowball Effect.


Auckland Airport preps retail bond offer
19 Oct 2022  

Auckland Airport preps retail bond offer

Auckland International Airport Limited is considering a fixed rate bonds offer, with maturity in May 2028, to New Zealand retail investors and institutional investors.


Air NZ opens $75m bond offer, can accept another $25m
17 Oct 2022  

Air NZ opens $75m bond offer, can accept another $25m

Air New Zealand Limited has launched a $75m bond offer with the ability to accept oversubscriptions of up to an additional $25m.


Stamford Plaza sold for $170m in NZ’s largest single hotel deal – JLL
12 Oct 2022  

Stamford Plaza sold for $170m in NZ’s largest single hotel deal – JLL

Stamford Plaza Auckland has been sold for $170m in the largest single hotel deal ever in New Zealand, says agent JLL.


THL lifts FY23 profit guidance to $30m
12 Oct 2022  

THL lifts FY23 profit guidance to $30m

Earlier guidance from August 2022 expected net profit to range between $17m – $30.2m.


Sudima Hotels gets $100m green boost for ESG initiatives
11 Oct 2022   /

Sudima Hotels gets $100m green boost for ESG initiatives

The facility will help the operator reduce emissions and improve sustainability across its hotels.


Auckland Airport completes $150m issue for refinancing, liquidity
5 Oct 2022  

Auckland Airport completes $150m issue for refinancing, liquidity

Auckland Airport has completed an issue of $150m of floating rate notes to help refinance and provide liquidity.


Air NZ considers retail bond offer
29 Sep 2022  

Air NZ considers retail bond offer

The offer comes as the current $50m unsecured, unsubordinated, fixed-rate bonds reach maturity on 28 October 2022.


PurePods capital raise reaches $1m so far
27 Sep 2022   /

PurePods capital raise reaches $1m so far

Ecotourism business and accommodation provider PurePods has reached more than $1m towards its first capital raise through crowdfunding platform Snowball Effect.


Polynesian Spa, Rainbow’s End owner Rangatira raises $46m
8 Sep 2022  

Polynesian Spa, Rainbow’s End owner Rangatira raises $46m

Polynesian Spa and Rainbow’s End owner Rangatira Investments has completed its capital raise to eligible existing and new wholesale investors.


International numbers surge, domestic drops – Christchurch Airport
5 Sep 2022  

International numbers surge, domestic drops – Christchurch Airport

The operator is investigating a private placement to help refinance, while boss Malcolm Johns nears the $1m CEO club.


PurePods seeks $4m to expand luxury locations across NZ
18 Aug 2022   /

PurePods seeks $4m to expand luxury locations across NZ

Luxury eco-cabin accommodation provider PurePods is raising $4m to help develop 100 locations across the country over the next five years.


Hotel DeBrett sale to launch new brand in boutique accom
16 Aug 2022   /

Hotel DeBrett sale to launch new brand in boutique accom

Village Accommodation will use the landmark Auckland asset for its new Habitat Hotels brand.


Govt creates new investor visa to boost businesses
21 Jul 2022  

Govt creates new investor visa to boost businesses

The government has created a new investor category aimed at increasing direct foreign investment in New Zealand businesses.


Polynesian Spa owner starts capital raise
12 Jul 2022  

Polynesian Spa owner starts capital raise

Polynesian Spa and Rainbow’s End owner Rangatira Investments has opened its $50m capital raise to eligible existing and new wholesale investors.


Rangatira CEO on tourism’s top headwinds in the recovery
5 Jul 2022  

Rangatira CEO on tourism’s top headwinds in the recovery

Rainbow’s End and Polynesian Spa suffer a tough year with staffing challenges and cost inflation now putting pressure on prices.


Pools, packages & plans: Tasman Tourism on NZ opportunities
4 Jul 2022   /

Pools, packages & plans: Tasman Tourism on NZ opportunities

After snapping up NZ assets, the company turns to refurbishment and renovation to add value.


Perspectives: International investors expected to drive NZ hotel market
10 Jun 2022   /

Perspectives: International investors expected to drive NZ hotel market

Strong investment demand from domestic buyers over the past two years will be boosted by foreign players this year.


What bankers want to see from operators in the recovery
27 May 2022   /

What bankers want to see from operators in the recovery

There’s no shame in a weak balance sheet after the past couple of years, says Westpac.


Go Bus to lease 18 e-buses from Zenobē
28 Apr 2022   /

Go Bus to lease 18 e-buses from Zenobē

Go Bus will lease 18 new electric buses across its Christchurch fleet from Zenobē, a UK-based specialist in EV and battery storage that is about to enter the New Zealand market.


Govt invests $27m in new electric fast ferries
26 Apr 2022   /

Govt invests $27m in new electric fast ferries

Auckland will have two fully-electric ferries transporting visitors and commuters around the harbour in 2024


SkyCity completes $39.5m investment into GIG
5 Apr 2022  

SkyCity completes $39.5m investment into GIG

SkyCity Entertainment Group has completed its $39.5m equity investment in Gaming Innovation Group, following settlement of GiG’s acquisition of Sportnco Gaming SAS on 1 April 2022.


Scenic diversifies with Mitchell Corp acquisition
1 Apr 2022   /

Scenic diversifies with Mitchell Corp acquisition

The accommodation services provider has a 400-plus network of independently owned and operated properties.


RealNZ secures ‘tens of millions’ in capital raise
31 Mar 2022   /

RealNZ secures ‘tens of millions’ in capital raise

The operator says it has undertaken one of the largest private capital raises in NZ tourism, bringing in a group of new investors.


Air NZ launches $2.2bn recapitalisation package
31 Mar 2022  

Air NZ launches $2.2bn recapitalisation package

It includes a $1.2bn rights offer, $600m of shares for the govt, and a new unsecured Crown loan of $400m.


Stop treating tourism like “a problem that needs fixing” – NZSki’s Anderson
28 Mar 2022   /

Stop treating tourism like “a problem that needs fixing” – NZSki’s Anderson

The sector needs better infrastructure and increased investment, not misguided criticism, says NZSki’s CEO.


$110m loan for ferry precinct redevelopment approved
8 Mar 2022   /

$110m loan for ferry precinct redevelopment approved

Marlborough District Council has approved a $110m loan to Port Marlborough to finance its share of the Waitohi Picton Ferry Precinct Redevelopment.


Bayes to build coach with solar panels
25 Feb 2022   /

Bayes to build coach with solar panels

Coach tour services provider Bayes Coachlines is to build a passenger bus with solar panels providing up to 10% of its own power and designed to have greater range and less maintenance than other electric buses.


Investors from NZ, abroad eyeing former YHA hostels
10 Feb 2022   / /

Investors from NZ, abroad eyeing former YHA hostels

There has been good interest among both domestic and international parties for the group of YHA-managed hostels that closed doors in December, says the agent charged with selling the properties.


RAL open to selling Tūroa to plug $31m debt hole
18 Jan 2022   /

RAL open to selling Tūroa to plug $31m debt hole

Ruapehu Alpine Lifts says it will consider unbundling assets after two Covid-impacted seasons hit income.


SkyCity secures covenant waiver, additional $50m facility
30 Nov 2021  

SkyCity secures covenant waiver, additional $50m facility

SkyCity says it has successfully secured a debt covenant waiver from its banking syndicate and US private placement holders.


Serko opens $10m retail share offer
30 Nov 2021  

Serko opens $10m retail share offer

Serko has opened its $10m non-underwritten retail offer to eligible shareholders.


Ski season’s “financial disaster” forces belt tightening, funding support
19 Nov 2021   /

Ski season’s “financial disaster” forces belt tightening, funding support

Capex is put on hold as operators look to rebuild their balance sheets in 2022.


Pūkaha secures $1m for wildlife centre expansion
2 Nov 2021  

Pūkaha secures $1m for wildlife centre expansion

Pūkaha National Wildlife Centre has secured a $1m loan from Tararua District Council for development.


Sanders’ Haka Tourism to become Drifter in A$500m hotel play
3 Sep 2021   /

Sanders’ Haka Tourism to become Drifter in A$500m hotel play

Drifter Hospitality Group plans to target the premium millennial market with hybrid hotels across Asia Pacific.


Stats NZ goes back to IVS to estimate visitor spend
31 Aug 2021   /

Stats NZ goes back to IVS to estimate visitor spend

Stats NZ says it is moving away from using electronic card transaction data to estimate foreign visitor expenditure.


KKR buys coach and bus operator Ritchies
30 Aug 2021   /

KKR buys coach and bus operator Ritchies

The US investor swoops on the Kiwi business, which runs tour group and charter services as well as commuter and school routes.


Council completes popular park with $3.6m purchase
16 Aug 2021  

Council completes popular park with $3.6m purchase

Auckland Council has purchased more than 3000 square metres of land adjoining Long Bay Regional Park for $3.6m, completing its 18-hectare Heritage Protection Area.


Air NZ signals bigger FY22 loss due to burst travel bubble
4 Aug 2021   /

Air NZ signals bigger FY22 loss due to burst travel bubble

The airline says demand may be slower to recover once trans-Tasman travel restarts.


Ticker Take: Will Nash’s plan transform tourism?
7 May 2021   /

Ticker Take: Will Nash’s plan transform tourism?

More recovery than regenerative, the plan introduces yet another initiative to reimagine tourism.


Under-developed, major potential – NZTE pitches hot pools
21 Apr 2021   /

Under-developed, major potential – NZTE pitches hot pools

NZ can be the world’s “new premier thermal mineral springs wellness destination”.


Herwegh Vonk: Why I bought portfolio of YHA hostels during tourism crisis
30 Mar 2021   /

Herwegh Vonk: Why I bought portfolio of YHA hostels during tourism crisis

New hostel portfolio owner Wolf Herwegh Vonk on his $30m deal with YHA.


$8bn transport investment up for public consultation
24 Feb 2021   /

$8bn transport investment up for public consultation

A draft plan for an $8bn upgrade in Waikato transport infrastructure has been signed-off for public consultation.


Post-Covid travel boom predictions prompt investment spree
12 Feb 2021   /

Post-Covid travel boom predictions prompt investment spree

Overseas investors betting on a post-Covid travel boom are pumping multi-million dollar investments into tourism.


RAL “pleased” with investor interest in $30m stake
3 Feb 2021   /

RAL “pleased” with investor interest in $30m stake

Ruapehu Alpine Lifts says it is now working with potential investors, who could end up buying half the business.


KSL gets green light for Huka Lodge acquisition
29 Jan 2021   /

KSL gets green light for Huka Lodge acquisition

The iconic lodge will join the US private equity firm’s Australian subsidiary, luxury operator Baillie Lodges.