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Corporate

Your search for "Corporate" found 50 results


NZ tourism’s highest paid CEOs – the top 10
20 Sep 2019  

NZ tourism’s highest paid CEOs – the top 10

While pay for New Zealand’s top tourism executives might pale next to the $25m paid to Qantas CEO Alan Joyce, most of the industry’s top bosses enjoyed pay rises in FY19.


Qantas CEO paid $25m – who is NZ’s top tourism earner?
19 Sep 2019  

Qantas CEO paid $25m – who is NZ’s top tourism earner?

Air New Zealand’s Chris Luxon is toppled from the top tourism earner’s spot.


Air NZ to swallow up regional subsidiaries
18 Sep 2019   /

Air NZ to swallow up regional subsidiaries

Air New Zealand is merging its two regional subsidiaries into its main jet business to “achieve better operational alignment”, says the airline.


Experience Co: NZ bright spot, Aus operation suffers
2 Sep 2019   /

Experience Co: NZ bright spot, Aus operation suffers

The acquisitive operator has launched a review of all its businesses following a A$62.2m write down.


KiwiRail tourism revenue jumps 25%
2 Sep 2019   /

KiwiRail tourism revenue jumps 25%

KiwiRail’s tourism division saw revenue increase to $34.8m for the year to June 2019, up 25% on the previous period. 


Bungy NZ, local iwi move on major Taupō tourism assets
30 Aug 2019   /

Bungy NZ, local iwi move on major Taupō tourism assets

Henry van Asch and Ngāti Tūwharetoa have made separate moves on significant tourism businesses.


Could a new strategy get KiwiEx back on the move?
28 Aug 2019   /

Could a new strategy get KiwiEx back on the move?

After a tough three years, Tourism Holdings’ coach business is diversifying its offering.


Tourism Holdings: “Not satisfied with FY19 result”
27 Aug 2019   /

Tourism Holdings: “Not satisfied with FY19 result”

NZ rental, Waitomo businesses are highlights after a “difficult, disappointing” year in the USA.


Air NZ profit falls 31% as costs, slowdown bite
22 Aug 2019   /

Air NZ profit falls 31% as costs, slowdown bite

The airline will push ahead with more cost-cutting following a wide-ranging business review.


Auckland Airport: Retail revenue jumps to boost profit
22 Aug 2019   /

Auckland Airport: Retail revenue jumps to boost profit

AIAL has reported a 4.4% increase in underlying profit to reach $275m.


Christchurch Airport reports underlying profit up 17%
21 Aug 2019   /

Christchurch Airport reports underlying profit up 17%

However, the year ahead was looking more challenging, with domestic and key international markets softening.


QAC reports net profit up 11%, pays council $6.2m
21 Aug 2019   /

QAC reports net profit up 11%, pays council $6.2m

Queenstown Airport Corporation has reported net profit after tax of $16.6m for the year to June 2019, up 11% on the previous period.


Mixed results for SkyCity in “more challenging operating environment”
14 Aug 2019  

Mixed results for SkyCity in “more challenging operating environment”

SkyCity Entertainment Group has seen its net profit drop 14.7% to $144.6m in the year to the end of June, rising to a 1.9% gain on a normalised basis.


US tax benefit boosts Tourism Holdings profits
13 Aug 2019   /

US tax benefit boosts Tourism Holdings profits

A one-off tax gain in the US of $1.8m will boost Tourism Holdings’ net profit this year.


M&C Hotels: Interim profit falls by 21%
2 Aug 2019   /

M&C Hotels: Interim profit falls by 21%

Increased costs and competition across NZ has put pressure on room rates, says the hotel group.


Skyline revenue reaches $231m – how much are top staff paid?
31 Jul 2019  

Skyline revenue reaches $231m – how much are top staff paid?

The operator is in “late-stage discussions” for a luge operation near Kuala Lumpur.


Trading resumes in Tourism Holdings shares
19 Jul 2019   /

Trading resumes in Tourism Holdings shares

Trading has resumed this morning in Tourism Holdings’ ordinary shares following a halt yesterday for a shortfall bookbuild.


Quickfall: I’ve gone full circle but Skyline is in good shape
9 Jul 2019   /

Quickfall: I’ve gone full circle but Skyline is in good shape

After resigning from Skyline, the former chair is buying back Totally Tourism off the operator.


Skyline sells Totally Tourism as group trading profit dips
9 Jul 2019  

Skyline sells Totally Tourism as group trading profit dips

The operator cites mandated wage increases as taking a toll on traditional margin levels.


Polynesian Spa, Rainbow’s End visitor numbers dip – Rangatira
26 Jun 2019   /

Polynesian Spa, Rainbow’s End visitor numbers dip – Rangatira

Rotorua’s Polynesian Spa and Auckland’s Rainbow’s End suffered dips in visitor numbers over FY19 with owner Rangatira Investments downgrading its long-term earnings forecast for the latter attraction.


Rangatira: Rainbow’s End performance down again
12 Jun 2019   /

Rangatira: Rainbow’s End performance down again

The Auckland attraction has struggled to lift numbers over the past three years.


THL: US performance “unacceptable”
28 May 2019   /

THL: US performance “unacceptable”

Fleet, people, and property reductions are planned to turn around falling US sales.


Air NZ cuts earnings expectations by up to $60m
28 May 2019   /

Air NZ cuts earnings expectations by up to $60m

Air New Zealand has cut its FY19 earnings before tax by up to $60m citing increased fuel costs.  


Serko steps up US and Europe expansion
24 May 2019  

Serko steps up US and Europe expansion

New Zealand corporate travel booking software developer, Serko, is stepping up its expansion into North American and European markets after reporting strong growth in its 2019 preliminary results.


SKYCITY: Flat FY19 earnings expected
1 May 2019  

SKYCITY: Flat FY19 earnings expected

SKYCITY Entertainment Group says it now expects its earnings to be flat for FY19.


Tourism Holdings shares stabilise after profit downgrade sell-off
23 Apr 2019   /

Tourism Holdings shares stabilise after profit downgrade sell-off

Tourism Holdings’ share price has stabilised following a profit downgrade induced sell-off before the Easter break.


Tourism Holdings downgrades profit forecast
18 Apr 2019   /

Tourism Holdings downgrades profit forecast

The operator launches a “decisive” review of its US operations after deteriorating sales in that market.


TH2 launches online tourism marketplace
9 Apr 2019   /

TH2 launches online tourism marketplace

Tourism Holdings’ digital RV platform says it has created “Australasia’s largest dedicated marketplace for outdoor tourism”.


SKYCITY banks $220m from car park licence sale
4 Apr 2019  

SKYCITY banks $220m from car park licence sale

The operator has sold the concession to operate its 3,200 Auckland car park spaces to Macquarie.


Preston’s Bachcare takes UK investment, PE backer Genesis exits
3 Apr 2019   /

Preston’s Bachcare takes UK investment, PE backer Genesis exits

Leslie Preston’s Bachcare has secured investment from a UK holiday rental firm which not only paves the way for continued NZ expansion but also puts international growth in its sights.


Air NZ: Growth curtailed, $750m spend deferred, cost-cutting drive
28 Mar 2019   /

Air NZ: Growth curtailed, $750m spend deferred, cost-cutting drive

However, the airline says it wants to stimulate tourism by tapping into new markets.


Wellington Airport raises $100m via bond offer
28 Mar 2019   /

Wellington Airport raises $100m via bond offer

Wellington International Airport has raised $100m through the offer of an 11-year, unsecured, fixed-rate bond.


M&C Hotels: Revenue jumps but warns of “significant challenges” ahead
26 Mar 2019   /

M&C Hotels: Revenue jumps but warns of “significant challenges” ahead

The hotel operator warns of an “urgent change” required to manage costs and revenue in 2019-20.


Wellington Airport confirms $100m bond offer
19 Mar 2019   /

Wellington Airport confirms $100m bond offer

Wellington International Airport is going ahead with its proposed  11-year, unsecured, fixed-rate bond offer of up to $100m.


Wellington Airport preps $100m bond offer
12 Mar 2019   /

Wellington Airport preps $100m bond offer

Wellington International Airport is considering an 11-year, unsecured, fixed-rate bond offer of up to $100m.


Sanders wins one from Haka-heavy property portfolio sale
28 Feb 2019   /

Sanders wins one from Haka-heavy property portfolio sale

Haka Tourism Group has succeeded in its multi-million dollar bid to take ownership of its Auckland lodge.


What Air NZ is doing to return to earnings growth
28 Feb 2019   /

What Air NZ is doing to return to earnings growth

The airline is implementing a three-pronged strategy to try and turn around its 34% fall in profit.


Air NZ interim profit dives by 34% in “challenging” environment
28 Feb 2019   /

Air NZ interim profit dives by 34% in “challenging” environment

CEO Chris Luxon: The airline will be reviewing its network, fleet and cost base as growth slows.


Experience Co’s NZ operations help push interim profit up 59%
27 Feb 2019   /

Experience Co’s NZ operations help push interim profit up 59%

Experience Co’s New Zealand skydive operations have helped drive the group’s interim net profit up by almost two thirds.


KiwiEx struggles as THL’s NZ tourism group falls flat
26 Feb 2019   / /

KiwiEx struggles as THL’s NZ tourism group falls flat

Tourism Holdings’ bus tour business is feeling the pinch from a falling youth backpacker market.


Tourism Holdings’ profit dragged by USA RV sales
26 Feb 2019   /

Tourism Holdings’ profit dragged by USA RV sales

The operator’s interim profit has fallen by almost a quarter because of a “challenging” North American market.


Retail income jumps 25% to boost Auckland Airport revenue
22 Feb 2019   /

Retail income jumps 25% to boost Auckland Airport revenue

The airport saw retail revenue jump to $110.8m in the six months to December 2018.


Auckland Airport: Airline charges to be slashed by $33m
22 Feb 2019   /

Auckland Airport: Airline charges to be slashed by $33m

The airport has cut its target return from 6.99% to 6.62%, compared to the ComCom’s benchmark for airports of 6.41%.


KiwiRail: “Best December ever” for Interislander drives tourism revenue
20 Feb 2019   / /

KiwiRail: “Best December ever” for Interislander drives tourism revenue

Revenue from the operator’s Great Journeys of NZ business was up 8% in the second half of 2018.


Buyers scope Heli Tours after operator goes bust
14 Feb 2019   /

Buyers scope Heli Tours after operator goes bust

Prospective buyers have approached the liquidator of Heli Tours Queenstown after the business went bust this week.


SKYCITY: NZICC opening pushed to second half 2020
13 Feb 2019   /

SKYCITY: NZICC opening pushed to second half 2020

Major bookings for the flagship $703m venue are under review as delivery blows deadline by 18 months.


SKYCITY rejects criticism of “normalised” results
11 Feb 2019  

SKYCITY rejects criticism of “normalised” results

SKYCITY Entertainment Group has rejected criticisms of its use of “normalised” results in its company reports citing industry standards.


NZX tourism stocks take slow road to recovery after Air NZ profit warning
31 Jan 2019   /

NZX tourism stocks take slow road to recovery after Air NZ profit warning

New Zealand Stock Exchange-listed tourism stocks are this morning on a slow road to recover some of yesterday’s losses triggered by an Air New Zealand profit warning.


Air NZ predicts big profit fall on softening travel and tourism
30 Jan 2019   /

Air NZ predicts big profit fall on softening travel and tourism

CEO Chris Luxon says the airline is concerned with its latest outlook as markets show signs of slower growth.


NZX tourism stocks suffer following worsening Air NZ forecast
30 Jan 2019   /

NZX tourism stocks suffer following worsening Air NZ forecast

New Zealand-listed tourism stocks have taken a dive this morning after Air New Zealand slashed its earnings forecast for FY19 on the back of softening travel and tourism.