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The Business of Tourism
 
Tourism Ticker
The Business of Tourism

Tourism Ticker

Tourism Ticker
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Tuesday 05 March 2024
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THL

THL investing millions “ahead of the curve” to restart electric RV trials – Webster 21st February 2024 /

THL investing millions “ahead of the curve” to restart electric RV trials – Webster

Tourism Holdings is resuming trials of electric motorhomes with new Ford EVs about to hit the road.


Record results for THL’s tourism experiences 20th February 2024 /

Record results for THL’s tourism experiences

The Women’s FIFA World Cup and a faster-than-expected recovery in the Chinese market has driven revenue at the operator’s tourism division.


THL expands in Aus again with $13m acquisition 23rd January 2024 /

THL expands in Aus again with $13m acquisition

THL has signed an agreement to acquire Australian RV sales dealership Camperagent RV Centre for A$11.9m (NZ$12.87m).


THL reiterates $100m target on strong yields, supply recovery 29th November 2023

THL reiterates $100m target on strong yields, supply recovery

Tourism Holdings has reiterated its target of making $100m in net profit after tax for its 2026 fiscal year.


THL pays $660k in staff bonuses 13th November 2023

THL pays $660k in staff bonuses

THL has paid $660,736 for bonus payments to its permanent staff.


THL, Webster finalists in Deloitte Top 200 Awards 2nd November 2023 /

THL, Webster finalists in Deloitte Top 200 Awards

Tourism Holdings has been shortlisted for Company of the Year in the Deloitte Top 200 Awards.


THL targets $100m profit for FY26 20th October 2023

THL targets $100m profit for FY26

Tourism Holdings has set a $100m target for its net profit for its 2026 fiscal year.


Tourism Holdings’ Nick Judd resigns as CFO 18th October 2023 /

Tourism Holdings’ Nick Judd resigns as CFO

Tourism Holdings chief financial officer Nick Judd has resigned after three years in the role.


THL, KiwiRail, airports join effort to tackle transport climate challenge 6th October 2023 /

THL, KiwiRail, airports join effort to tackle transport climate challenge

Tourism Holdings, the New Zealand Airports Association, KiwiRail, and Waka Kotahi NZ Transport Agency are among the members of a new working group to understand the impacts of climate change on the transport sector.


THL moving to new Māngere site 8th September 2023

THL moving to new Māngere site

THL will soon open a new permanent branch at Auckland’s Māngere at a site currently occupied by Villa Maria’s Auckland operations.


Fewer numbers, better experience – THL rejigs Waitomo for sustainable future 5th September 2023 /

Fewer numbers, better experience – THL rejigs Waitomo for sustainable future

The operator will not allow large tour groups to return to its popular glowworm caves attraction.


$1k bonus for staff after record Tourism Holdings profit 29th August 2023

$1k bonus for staff after record Tourism Holdings profit

Around 1,800 staff will receive $1,000 worth of shares or equivalent as the operator returns to profitability.


Tourism Talent’s The Interview: THL’s Grant Webster 26th July 2023 /

Tourism Talent’s The Interview: THL’s Grant Webster

Tourism Holdings Limited’s chief executive and managing director, Grant Webster, on the value of having an employer brand strategy for the global RV rental and tourism operator.


THL takeover of Apollo, Air NZ $1.2bn capital raise recognised 29th May 2023 /

THL takeover of Apollo, Air NZ $1.2bn capital raise recognised

Tourism Holdings Limited and its financial advisor on its Apollo Tourism & Leisure takeover, Jarden, have won the M&A Transaction of the Year accolade at the Institute of Finance Professionals in New Zealand Awards.


THL-owned business acquires transport refrigeration firm for $5.4m 1st May 2023 /

THL-owned business acquires transport refrigeration firm for $5.4m

THL-owned Action Manufacturing has purchased transport refrigeration company Transcold for $5.4m.


Discover Waitomo wins environmental award 28th February 2023 /

Discover Waitomo wins environmental award

Discover Waitomo has been recognised at the New Zealand Outdoor Awards for the second year running.


THL shelves KiwiEx sale as earnings rise at tourism experiences 23rd February 2023 /

THL shelves KiwiEx sale as earnings rise at tourism experiences

KPMG was engaged to scope interest in the youth and adventure-focused coach business.


THL lifts FY23 profit guidance to $75m+ 15th February 2023 /

THL lifts FY23 profit guidance to $75m+

Tourism Holdings Limited expects an underlying net profit after tax to exceed $75m for FY23.


THL completes $60m sale & leaseback of Canada sites 16th January 2023

THL completes $60m sale & leaseback of Canada sites

THL has completed the sale and leaseback of Apollo’s properties in Canada for a total purchase price of CAD$51m (NZ$59.7m).


THL issues $210m in shares to Apollo shareholders for takeover 7th December 2022 /

THL issues $210m in shares to Apollo shareholders for takeover

The deal marked a number of firsts for takeovers, according to THL’s legal advisers.


THL completes Apollo merger on eve of ASX listing 1st December 2022 /

THL completes Apollo merger on eve of ASX listing

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.


THL unveils new leadership ahead of Apollo merger 29th November 2022 /

THL unveils new leadership ahead of Apollo merger

Both THL and Apollo’s executives have all been retained in the new merged entity, albeit some with changed roles or reporting lines.


THL, Apollo CEOs to join board, C-suite review under way 24th November 2022 /

THL, Apollo CEOs to join board, C-suite review under way

Apollo’s CEO will be in charge of finding further M&A, as THL casts an eye over executive role duplication.


Last legal hurdle cleared for THL takeover of Apollo 18th November 2022 /

Last legal hurdle cleared for THL takeover of Apollo

Tourism Holdings Limited and Apollo Tourism & Leisure have secured the last legal approval required for their merger.


Apollo shareholders approve THL takeover 14th November 2022 /

Apollo shareholders approve THL takeover

Apollo Tourism & Leisure’s shareholders have voted in favour of Tourism Holdings’ takeover.


THL’s Discover Waitomo, KiwiEx back in the black in FY23 2nd November 2022 /

THL’s Discover Waitomo, KiwiEx back in the black in FY23

Tourism Holdings Limited expects its New Zealand tourism division to return positive earnings this fiscal year after two years of losses.


THL lifts FY23 profit guidance to $30m 12th October 2022

THL lifts FY23 profit guidance to $30m

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


THL spends $10m to take full control of UK jv, clears another Apollo deal hurdle 6th October 2022 /

THL spends $10m to take full control of UK jv, clears another Apollo deal hurdle

THL bought a 49% stake in the business in 2015 for £1.74m (NZ$3.96m) when the company had 130 motorhomes.


Jucy: THL, Apollo merger accelerates our growth “by up to four years” 30th September 2022 /

Jucy: THL, Apollo merger accelerates our growth “by up to four years”

The campervan company says the deal will lead to new jobs and increase its locations across Australasia.


Aus competition watchdog clears THL, Apollo deal 29th September 2022 /

Aus competition watchdog clears THL, Apollo deal

“We now have much greater confidence that the merger will proceed,” says Tourism Holdings chair Cathy Quin.


It’s been a long haul, but we’re “far more positive” – Webster on THL’s Apollo deal 28th September 2022 /

It’s been a long haul, but we’re “far more positive” – Webster on THL’s Apollo deal

Thursday’s decision from Australia’s competition watchdog could mark the start of a new phase for the operator.


ComCom clears THL to acquire Apollo 23rd September 2022 /

ComCom clears THL to acquire Apollo

Tourism Holdings and Apollo clear the first of two competition hurdles with the deal now dependent largely on Australia’s watchdog.


THL, Apollo line up $45m sale to Jucy 23rd September 2022 /

THL, Apollo line up $45m sale to Jucy

The operators will sell 310 of Apollo’s motorhomes in NZ and Australia to secure merger approval, with a ComCom decision expected today.


THL, Apollo promise 80% sale of Aus motorhomes to Jucy 7th September 2022 /

THL, Apollo promise 80% sale of Aus motorhomes to Jucy

Tourism Holdings and Apollo Tourism & Leisure have offered a court-enforceable undertaking to sell most of the latter’s Australian fleet, says the Australian Competition and Consumer Commission (ACCC).


THL’s Waitomo staff run conservation workshops 6th September 2022 /

THL’s Waitomo staff run conservation workshops

Waitomo Glowworm Caves visitor centre will host seven workshops as part of Conservation Week, run by Tourism Holdings staff employed through the government’s Jobs for Nature programme.


THL to revive KiwiEx, tourism business suffers another loss 26th August 2022 /

THL to revive KiwiEx, tourism business suffers another loss

CEO Grant Webster calls on the government to invest more in Tourism New Zealand.


THL, Apollo push out deal deadline to tackle competition concerns 29th July 2022 /

THL, Apollo push out deal deadline to tackle competition concerns

Tourism Holdings Limited and Apollo Tourism & Leisure have agreed to extend the final date for a proposed merger deal to 15 October.


THL offers up Apollo assets in Jucy deal to secure takeover 1st July 2022 /

THL offers up Apollo assets in Jucy deal to secure takeover

Australian PE firms Next Capital and H&G are being lined up in a deal, which will see Jucy Rentals re-enter the motorhome market.


THL’s Rob Campbell steps down, Cathy Quinn steps up 13th June 2022 /

THL’s Rob Campbell steps down, Cathy Quinn steps up

Tourism Holdings Limited’s long-serving director and chair, Rob Campbell, has resigned from the board.


Tourism Holdings scopes Kiwi Experience sale 23rd May 2022 /

Tourism Holdings scopes Kiwi Experience sale

The operator has engaged KPMG to gauge interest in the business.


ComCom puts more pressure on THL, Apollo deal 29th April 2022 /

ComCom puts more pressure on THL, Apollo deal

NZ’s competition watchdog says it still has concerns, following on from Australian misgivings released Thursday.


Tourism Holdings’ proposed Apollo deal raises Aus concerns… 28th April 2022 /

Tourism Holdings’ proposed Apollo deal raises Aus concerns…

The Australian watchdog’s concerns come on the eve of a decision on the deal from the Commerce Commission.


ComCom decision on THL, Apollo deal delayed again 11th April 2022 /

ComCom decision on THL, Apollo deal delayed again

The Commerce Commission has pushed out its decision on Tourism Holdings’ proposed acquisition of Apollo Tourism & Leisure to 28 April 2022.


ACCC delays Tourism Holdings, Apollo merger decision 1st April 2022

ACCC delays Tourism Holdings, Apollo merger decision

The Australian Competition and Consumer Commission has delayed its decision regarding the proposed merger between Tourism Holdings Limited and Apollo Tourism & Leisure.


THL in for $6m boost after ComCom clears Mighway, SHAREaCAMPER sale 25th March 2022 /

THL in for $6m boost after ComCom clears Mighway, SHAREaCAMPER sale

The Commerce Commission has cleared Australia’s Camplify to acquire Tourism Holdings Limited’s peer-to-peer motorhome and campervan rental platforms, Mighway and SHAREaCAMPER.


THL sells Roadpass digital shareholding for $24m 17th March 2022

THL sells Roadpass digital shareholding for $24m

Tourism Holdings Limited has sold its Roadpass digital shareholding for approximately NZ$23.9m to joint venture partner THOR Industries.


ComCom raises issues over THL takeover of Apollo 11th March 2022 /

ComCom raises issues over THL takeover of Apollo

The competition regulator says other campervan and motorhome rental operators will be a “weak constraint” on the proposed merged entity.


THL’s Ollie Farnsworth wins Deloitte Top 200 young executive of the year 3rd March 2022 /

THL’s Ollie Farnsworth wins Deloitte Top 200 young executive of the year

The operator’s chief commercial and customer officer beat three other top contenders to the prestigious accolade on Wednesday evening.


ComCom pushes out THL’s Apollo acquisition decision 2nd March 2022 /

ComCom pushes out THL’s Apollo acquisition decision

The Commerce Commission has delayed its decision on Tourism Holdings’ proposed acquistion of Apollo Tourism & Leisure to 14 April 2022.


THL’s Waitomo losses balloon 387% 25th February 2022 /

THL’s Waitomo losses balloon 387%

The ending of STAPP support for the glowworm experiences has seen revenue dry up.