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

Corporate

Your search for "Corporate" found 50 results


Auckland Airport raises $1bn in share placement
8 Apr 2020   /

Auckland Airport raises $1bn in share placement

Auckland International Airport has successfully completed its placement of $1bn worth of shares.


Auckland Airport seeks $1.2bn for Covid-19 recovery
6 Apr 2020   /

Auckland Airport seeks $1.2bn for Covid-19 recovery

Auckland International Airport says it will raise up to $1.2bn to ensure it remains well capitalised during the Covid-19 lockdown and prepared for recovery.


THL cuts labour costs by 60%, moves to exit Togo jv
6 Apr 2020   /

THL cuts labour costs by 60%, moves to exit Togo jv

A “significant number” of employees have been placed on leave, been furloughed, or have left, says the operator.


SkyCity makes 200 redundant, cuts exec pay and capex
3 Apr 2020   /

SkyCity makes 200 redundant, cuts exec pay and capex

The operator says it will become a “much smaller, domestically focused” business.


“It’s pretty ugly” – tourism stocks under pressure
24 Mar 2020   /

“It’s pretty ugly” – tourism stocks under pressure

There may be worse to come as investors take the hit and run to cash, says a broker.


Tourism Holdings cancels dividend, cuts salaries
20 Mar 2020   /

Tourism Holdings cancels dividend, cuts salaries

Tourism Holdings has cancelled its interim dividend and slashed the salaries of its senior executives.


SkyCity nearly halves earnings forecast, warns of uncertainty
19 Mar 2020   /

SkyCity nearly halves earnings forecast, warns of uncertainty

The Auckland-based operator says that closure of casinos may soon be on the cards.


Tourism stocks tumble again as Covid-19 spreads
17 Mar 2020   /

Tourism stocks tumble again as Covid-19 spreads

NZX-listed tourism stocks continued to be hit by the coronavirus pandemic with temporary trading halts by Air New Zealand and hotel operator Millennium & Copthorne stemming the tide.


Travel bans hit Auckland Airport, THL earnings guidance
13 Mar 2020   /

Travel bans hit Auckland Airport, THL earnings guidance

Auckland Airport and Tourism Holdings have both revisted their earnings guidance in the wake of international border restrictions as governments seek to combat the COVID-19 outbreak.


Auckland Airport in NZX trading halt
12 Mar 2020   /

Auckland Airport in NZX trading halt

The NZX has placed a trading halt on Auckland International Airport Limited’s ordinary shares.


Costs, flat passenger numbers hit Christchurch Airport
2 Mar 2020   /

Costs, flat passenger numbers hit Christchurch Airport

The late opening of a Novotel hotel and higher operating expenses, insurance and rates reduced Christchurch International Airport Limited’s profit for the six months ending December 2019.


Tourism revenue falls at KiwiRail
2 Mar 2020   /

Tourism revenue falls at KiwiRail

Income from the SOE’s Interislander and scenic trains services fell in the six months to December 2019.


THL interim profit falls 25%, NZ tourism revenue drops
28 Feb 2020   /

THL interim profit falls 25%, NZ tourism revenue drops

Revenue from the operator’s NZ tourism businesses fell in the six months to December.


Air NZ boss embarks on “diagnostic” cost cutting programme
28 Feb 2020   /

Air NZ boss embarks on “diagnostic” cost cutting programme

Air New Zealand chief executive Greg Foran has embarked on a “diagnostic” cost cutting programme of the airline.


Air NZ costs drive interim profit down 33%
27 Feb 2020   /

Air NZ costs drive interim profit down 33%

Air New Zealand’s costs outstripped increased passenger revenue and it has reported a sharp fall in after-tax profit for the six months ending December 2019.


Serko downgrades revenue as share price suffers
26 Feb 2020   /

Serko downgrades revenue as share price suffers

Online travel booking company Serko’s share price is among the tourism-related stock to take a hit this week.


Coronavirus to cost Air NZ up to $75m in FY20 earnings
24 Feb 2020   /

Coronavirus to cost Air NZ up to $75m in FY20 earnings

The airline also says it will suspend its Korea service, reducing Asia capacity by 17% until June this year.


Foreign arrivals growth drives QAC profit up 30%
24 Feb 2020   /

Foreign arrivals growth drives QAC profit up 30%

Queenstown Airport Corporation (QAC) has delivered a firm bottom line profit after expenses and tax of $10.8m, up by $2.5m (30%) compared with the same previous corresponding period.


Skyline suffers 50-60% coronavirus hit in Singapore
21 Feb 2020   /

Skyline suffers 50-60% coronavirus hit in Singapore

Skyline Enterprises’ gondola, luge, and restaurant operations in Queenstown and Rotorua have seen a 12-15% drop in numbers as a result of Coronavirus, while its Sentosa Luge in Singapore is down 50-60%.


Experience Co: Poor weather impacts NZ operations
21 Feb 2020   /

Experience Co: Poor weather impacts NZ operations

Experience Co’s New Zealand jump sites saw tandem volume fall to 23,414 for the six months to 31 December 2019, down 14.4% on the same period a year earlier.


Auckland Airport unveils $1.2bn revamp, reports flat interims
20 Feb 2020   /

Auckland Airport unveils $1.2bn revamp, reports flat interims

A new domestic jet hub and a $350m+ arrivals area at the international terminal have been unveiled.


Alpe family makes JUCY deal with 50% Snooze sale to drive growth
19 Feb 2020   /

Alpe family makes JUCY deal with 50% Snooze sale to drive growth

The Alpe family’s JUCY group has sold a 50% stake in its pod-hotel business to Australian-listed EVENT Hospitality & Entertainment to kick-start expansion across “New Zealand, Australia and beyond.”


SkyCity pushes pause on luxury Queenstown development
14 Feb 2020   /

SkyCity pushes pause on luxury Queenstown development

A slowdown in its international business, even before coronavirus, has prompted caution from the operator.


SkyCity: Underlying revenue, profit down, NZICC won’t host APEC
13 Feb 2020   /

SkyCity: Underlying revenue, profit down, NZICC won’t host APEC

The operator says in its interim results that it has claimed around $240m in insurance from the NZICC fire.


Coronavirus top of mind for investors as reporting season starts
11 Feb 2020   /

Coronavirus top of mind for investors as reporting season starts

Market watchers are anticipating in-depth reports about how tourism companies are coping with coronavirus and the financial impact they expect.


Millennium loses up to $3m on coronavirus cancellations
11 Feb 2020   /

Millennium loses up to $3m on coronavirus cancellations

The hotel group says it expects to miss out on more revenue because of the outbreak.


Tourism Holdings: NPAT to fall 14% to $24m for FY20
7 Feb 2020   /

Tourism Holdings: NPAT to fall 14% to $24m for FY20

The operator gave the guidance in light of the “significant and uncertain events facing the tourism industry”.


Rangatira: Rainbow’s End lightning strike affects results
4 Dec 2019   /

Rangatira: Rainbow’s End lightning strike affects results

The owner of Auckland’s Rainbow’s End and Rotorua’s Polynesian Spa has painted contrasting pictures for the two attractions in its latest interim results for the six months to September 2019.


In-depth: The next chapter for Auckland Seaplanes
29 Nov 2019   /

In-depth: The next chapter for Auckland Seaplanes

The sale of a 33% stake in the operator marks the start of a new chapter for the business.


Michael Becker takes 33% stake in Auckland Seaplanes
27 Nov 2019   /

Michael Becker takes 33% stake in Auckland Seaplanes

Tourism stalwart Michael Becker has bought into Auckland Seaplanes and Waiheke Wings as the scenic flight operator sets course for growth.


Experience Co puts businesses up for sale
22 Nov 2019   /

Experience Co puts businesses up for sale

One of Australasia’s most acquisitive operators in recent years has put that strategy in reverse with the announcement that it is now selling businesses, most of which were bought in the past three years.


Serko reports loss as revenue jumps in North American expansion
21 Nov 2019   /

Serko reports loss as revenue jumps in North American expansion

Strong growth in New Zealand and Australia has seen ‘pleasing’ results for online travel booking and expense management firm Serko.


Napier Port cruise revenue surges 46% in bumper season
20 Nov 2019   /

Napier Port cruise revenue surges 46% in bumper season

A bumper cruise season contributed to a strong year for Napier Port, which saw revenue and earnings ahead of the forecast prepared for its Initial Public Offering in July.


Rotorua Airport passenger numbers hit 10-year high
18 Nov 2019   /

Rotorua Airport passenger numbers hit 10-year high

The operator has posted a 7.7% increase in passenger numbers, as it ploughs ahead with a $4.4m upgrade.


Q&A with Ngāi Tahu Tourism’s Quinton Hall
11 Nov 2019  

Q&A with Ngāi Tahu Tourism’s Quinton Hall

The CEO on the current slowdown, responding to aggressive pricing, and NTT’s Queenstown hotpools and electric jet boat projects.


Experience Co warns of FY20 earnings fall
11 Nov 2019   /

Experience Co warns of FY20 earnings fall

One of Australasia’s most acquisitive operators has warned of a decline in earnings for FY20 and has launched a strategic review to help turn around its performance.


WRAL: Hamilton Airport passenger numbers lift revenue
8 Nov 2019   /

WRAL: Hamilton Airport passenger numbers lift revenue

An 8% increase in passenger numbers to Hamilton Airport and the addition of the airport hotel to the portfolio have helped drive a 22% increase in operating revenue at Waikato Regional Airport Limited.


Becker bought out of Wilderness Motorhomes and SmartRV
6 Nov 2019   /

Becker bought out of Wilderness Motorhomes and SmartRV

Brother and sister John Managh and Mary Hamilton have taken back full ownership of RV rental operator Wilderness Motorhomes after buying out the company’s chair, Michael Becker.


Ngāi Tahu Tourism board to be disestablished
6 Nov 2019   /

Ngāi Tahu Tourism board to be disestablished

Ngāi Tahu Tourism’s operations and board are being restructured as part of a wide-ranging review of the group kicked-off by Ngāi Tahu Holdings chair Mark Tume.


New hotel, carpark drive WIAL passenger income up 20%
5 Nov 2019   /

New hotel, carpark drive WIAL passenger income up 20%

A 19.9% increase in income from passenger services was one of the few highlights in Wellington International Airport Limited’s latest interim results.


Tourism Holdings confirms new AGM details
30 Oct 2019   /

Tourism Holdings confirms new AGM details

Tourism Holdings has advised its 2019 Annual Meeting will now take place Thursday 31 October 2019, at 2pm.


Tourism Holdings postpones AGM due to NZICC fire
23 Oct 2019  

Tourism Holdings postpones AGM due to NZICC fire

Tourism Holdings has postponed its annual general meeting scheduled for 2pm today at Auckland’s Heritage Hotel.


JUCY drives away with new $285k annual lease
22 Oct 2019   /

JUCY drives away with new $285k annual lease

The Alpe brothers’ JUCY Group has negotiated a new six-year lease of a 1.34ha Helensville property the rental vehicle company has occupied since 2010.


THL sounds profit warning over US sales
22 Oct 2019   /

THL sounds profit warning over US sales

The operator’s margins are being squeezed by heavy discounting in the sluggish market.


On, off, on again: Skyline sells Totally Tourism
2 Oct 2019  

On, off, on again: Skyline sells Totally Tourism

Skyline and its former chair get the deal across the line.


Skyline’s Totally Tourism sale to Quickfall falls over
24 Sep 2019  

Skyline’s Totally Tourism sale to Quickfall falls over

The operator is considering bringing the deal worth tens of millions to market after failing to sell to its former chair.


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.