11th November 2019 Adventure / CorporateOne 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.
8th November 2019 Airports / CorporateAn 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.
6th November 2019 Corporate / PeopleBrother 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.
6th November 2019 Corporate / PeopleNgāi 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.
5th November 2019 Airports / CorporateA 19.9% increase in income from passenger services was one of the few highlights in Wellington International Airport Limited’s latest interim results.
30th October 2019 Corporate / THLTourism Holdings has advised its 2019 Annual Meeting will now take place Thursday 31 October 2019, at 2pm.
23rd October 2019 CorporateTourism Holdings has postponed its annual general meeting scheduled for 2pm today at Auckland’s Heritage Hotel.
22nd October 2019 Corporate / RentalThe 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.
22nd October 2019 Corporate / RVThe operator’s margins are being squeezed by heavy discounting in the sluggish market.
2nd October 2019 CorporateSkyline and its former chair get the deal across the line.
24th September 2019 CorporateThe operator is considering bringing the deal worth tens of millions to market after failing to sell to its former chair.
20th September 2019 CorporateWhile 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.
19th September 2019 CorporateAir New Zealand’s Chris Luxon is toppled from the top tourism earner’s spot.
18th September 2019 Airlines / CorporateAir New Zealand is merging its two regional subsidiaries into its main jet business to “achieve better operational alignment”, says the airline.
2nd September 2019 Adventure / CorporateThe acquisitive operator has launched a review of all its businesses following a A$62.2m write down.
30th August 2019 Corporate / MāoriHenry van Asch and Ngāti Tūwharetoa have made separate moves on significant tourism businesses.
28th August 2019 Corporate / ToursAfter a tough three years, Tourism Holdings’ coach business is diversifying its offering.
27th August 2019 Corporate / RentalNZ rental, Waitomo businesses are highlights after a “difficult, disappointing” year in the USA.
22nd August 2019 Airlines / CorporateThe airline will push ahead with more cost-cutting following a wide-ranging business review.
22nd August 2019 Airports / CorporateAIAL has reported a 4.4% increase in underlying profit to reach $275m.
21st August 2019 Airports / CorporateHowever, the year ahead was looking more challenging, with domestic and key international markets softening.
21st August 2019 Airports / CorporateQueenstown Airport Corporation has reported net profit after tax of $16.6m for the year to June 2019, up 11% on the previous period.
14th August 2019 CorporateSkyCity 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.
13th August 2019 Corporate / RVA one-off tax gain in the US of $1.8m will boost Tourism Holdings’ net profit this year.
2nd August 2019 Corporate / HotelsIncreased costs and competition across NZ has put pressure on room rates, says the hotel group.
31st July 2019 CorporateThe operator is in “late-stage discussions” for a luge operation near Kuala Lumpur.
19th July 2019 Corporate / FundingTrading has resumed this morning in Tourism Holdings’ ordinary shares following a halt yesterday for a shortfall bookbuild.
9th July 2019 Corporate / PeopleAfter resigning from Skyline, the former chair is buying back Totally Tourism off the operator.
9th July 2019 CorporateThe operator cites mandated wage increases as taking a toll on traditional margin levels.
26th June 2019 Attraction / CorporateRotorua’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.
12th June 2019 Attraction / CorporateThe Auckland attraction has struggled to lift numbers over the past three years.
28th May 2019 Corporate / RentalFleet, people, and property reductions are planned to turn around falling US sales.
28th May 2019 Airlines / CorporateAir New Zealand has cut its FY19 earnings before tax by up to $60m citing increased fuel costs.
24th May 2019 CorporateNew 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.
1st May 2019 CorporateSKYCITY Entertainment Group says it now expects its earnings to be flat for FY19.
23rd April 2019 Corporate / RentalTourism Holdings’ share price has stabilised following a profit downgrade induced sell-off before the Easter break.
18th April 2019 Corporate / RentalThe operator launches a “decisive” review of its US operations after deteriorating sales in that market.
9th April 2019 Corporate / RentalTourism Holdings’ digital RV platform says it has created “Australasia’s largest dedicated marketplace for outdoor tourism”.
4th April 2019 CorporateThe operator has sold the concession to operate its 3,200 Auckland car park spaces to Macquarie.
3rd April 2019 Corporate / InvestmentLeslie 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.
28th March 2019 Aviation / CorporateHowever, the airline says it wants to stimulate tourism by tapping into new markets.
28th March 2019 Corporate / FundingWellington International Airport has raised $100m through the offer of an 11-year, unsecured, fixed-rate bond.
26th March 2019 Corporate / HotelsThe hotel operator warns of an “urgent change” required to manage costs and revenue in 2019-20.
19th March 2019 Corporate / FundingWellington International Airport is going ahead with its proposed 11-year, unsecured, fixed-rate bond offer of up to $100m.
12th March 2019 Airports / CorporateWellington International Airport is considering an 11-year, unsecured, fixed-rate bond offer of up to $100m.
28th February 2019 Backpackers / CorporateHaka Tourism Group has succeeded in its multi-million dollar bid to take ownership of its Auckland lodge.
28th February 2019 Airlines / CorporateThe airline is implementing a three-pronged strategy to try and turn around its 34% fall in profit.
28th February 2019 Airlines / CorporateCEO Chris Luxon: The airline will be reviewing its network, fleet and cost base as growth slows.
27th February 2019 Corporate / SkydivingExperience Co’s New Zealand skydive operations have helped drive the group’s interim net profit up by almost two thirds.
26th February 2019 Corporate / Kiwi / ToursTourism Holdings’ bus tour business is feeling the pinch from a falling youth backpacker market.
