Companies | Tourism Ticker https://www.tourismticker.com/companies/ The Business of Tourism Wed, 31 Jan 2024 23:04:33 +0000 en-NZ hourly 1 212885728 B Corp certification for KMD Brands businesses https://www.tourismticker.com/2023/03/08/b-corp-certification-for-kmd-brands-businesses/ https://www.tourismticker.com/2023/03/08/b-corp-certification-for-kmd-brands-businesses/#respond Tue, 07 Mar 2023 17:05:00 +0000 https://www.tourismticker.com/?p=111539 KMD Brands Kathmandu, Rip Curl and Oboz have achieved B-Corp Certification, demonstrating their commitmnent to high standards of social and environmental impact, accountability, and transparency.

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KMD Brands expects FY22 sales of up to $965m https://www.tourismticker.com/2022/07/14/kmd-brands-expects-fy22-sales-of-up-to-965m/ https://www.tourismticker.com/2022/07/14/kmd-brands-expects-fy22-sales-of-up-to-965m/#respond Wed, 13 Jul 2022 18:40:00 +0000 https://www.tourismticker.com/?p=98505 KMD Brands says its total sales are expected to be in the range of $955m - $965m for the year ending 31 July 2022.

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New operator creates ‘Unforgettable Fun’ for visitors https://www.tourismticker.com/2022/07/08/new-operator-creates-unforgettable-fun-for-visitors/ https://www.tourismticker.com/2022/07/08/new-operator-creates-unforgettable-fun-for-visitors/#respond Thu, 07 Jul 2022 19:40:39 +0000 https://www.tourismticker.com/?p=98205 With a focus on having a laugh, a new venture aims to leave guests smiling.

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Business confidence among SMEs falls – MYOB https://www.tourismticker.com/2022/04/14/business-confidence-amongst-smes-on-the-decline-myob/ https://www.tourismticker.com/2022/04/14/business-confidence-amongst-smes-on-the-decline-myob/#respond Wed, 13 Apr 2022 18:45:00 +0000 https://www.tourismticker.com/?p=93557 Some 68% of local SMEs believe the New Zealand economy will decline in the next 12 months.

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Air NZ aims for 60% of pre-Covid capacity for Aus, Pacific by winter https://www.tourismticker.com/2022/02/25/air-nz-aiming-for-60-of-pre-covid-capacity-for-aus-pacific-by-winter/ https://www.tourismticker.com/2022/02/25/air-nz-aiming-for-60-of-pre-covid-capacity-for-aus-pacific-by-winter/#respond Thu, 24 Feb 2022 18:45:00 +0000 https://www.tourismticker.com/?p=90216 But longer haul markets may only be 20% of pre-Covid levels.

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Air NZ interim loss widens to $272m https://www.tourismticker.com/2022/02/24/air-nz-interim-loss-widens-to-272m/ https://www.tourismticker.com/2022/02/24/air-nz-interim-loss-widens-to-272m/#respond Wed, 23 Feb 2022 18:47:00 +0000 https://www.tourismticker.com/?p=90162 The airline predicts a record FY22 loss of more than $800m but plans a capital raise before the end of March.

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THL expects interim loss of $4.4m after revenue falls 15% https://www.tourismticker.com/2022/02/22/thl-expects-interim-loss-of-4-4m-after-revenue-falls-15/ https://www.tourismticker.com/2022/02/22/thl-expects-interim-loss-of-4-4m-after-revenue-falls-15/#respond Mon, 21 Feb 2022 18:55:00 +0000 https://www.tourismticker.com/?p=89960 The operator says revenue for the six months to December 2021 fell to $175m.

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M&C: One-off land sale lifts hotels into black https://www.tourismticker.com/2022/02/21/mc-land-sale-lifts-otherwise-difficult-hotels-business/ https://www.tourismticker.com/2022/02/21/mc-land-sale-lifts-otherwise-difficult-hotels-business/#respond Sun, 20 Feb 2022 19:00:00 +0000 https://www.tourismticker.com/?p=89839 Millennium & Copthorne says occupancy across the group fell to 36% for 2021.

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Leopard Coachlines goes into liquidation https://www.tourismticker.com/2022/02/18/leopard-goes-into-liquidation/ https://www.tourismticker.com/2022/02/18/leopard-goes-into-liquidation/#respond Thu, 17 Feb 2022 19:00:00 +0000 https://www.tourismticker.com/?p=89760 After more than 50 years of operating, the company files for voluntary liquidation citing NZ's border rules as the last straw.

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WIAL sees higher passenger numbers, EBITDA for FY22 https://www.tourismticker.com/2022/02/16/wial-sees-higher-passenger-numbers-ebitda-for-fy22/ https://www.tourismticker.com/2022/02/16/wial-sees-higher-passenger-numbers-ebitda-for-fy22/#respond Tue, 15 Feb 2022 18:40:29 +0000 https://www.tourismticker.com/?p=89534 Wellington International Airport Limited expects passenger numbers for this month and the next to track around 40% of levels compared to pre-Covid, parent company Infratil said at an investor briefing Tuesday.

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Apollo to unanimously recommend takeover – THL https://www.tourismticker.com/2022/02/16/thl-one-step-closer-to-sealing-apollo-deal/ https://www.tourismticker.com/2022/02/16/thl-one-step-closer-to-sealing-apollo-deal/#respond Tue, 15 Feb 2022 17:55:00 +0000 https://www.tourismticker.com/?p=89579 Tourism Holdings Limited's efforts to purchase Apollo Tourism & Leisure of Australia are progressing with Apollo's Board intending to unanimously recommend that its shareholders approve the deal.

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“We don’t see an environment where we are shut” – SkyCity’s Ahearne https://www.tourismticker.com/2022/02/15/skycity-paring-capex-awaiting-dia-decision-on-online-gaming-ahearne/ https://www.tourismticker.com/2022/02/15/skycity-paring-capex-awaiting-dia-decision-on-online-gaming-ahearne/#respond Mon, 14 Feb 2022 18:55:34 +0000 https://www.tourismticker.com/?p=89413 The casino and hotel operator is in hunker down mode as it controls costs before any meaningful return of international tourists.

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SkyCity slumps to $33.7m interim loss due to Covid disruptions https://www.tourismticker.com/2022/02/14/skycity-slumps-to-34m-interim-loss/ https://www.tourismticker.com/2022/02/14/skycity-slumps-to-34m-interim-loss/#respond Sun, 13 Feb 2022 18:50:00 +0000 https://www.tourismticker.com/?p=89373 Sorry, you do not have authorisation to view this page! If you would like to view the content on this page you will need to be a Tourism Ticker member. MORE »

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THL funds $5.7m purchase of heavy transport maker https://www.tourismticker.com/2022/01/26/thl-funds-purchase-of-heavy-transport-maker/ https://www.tourismticker.com/2022/01/26/thl-funds-purchase-of-heavy-transport-maker/#respond Tue, 25 Jan 2022 17:55:00 +0000 https://www.tourismticker.com/?p=88073 ldings Limited is funding the acquisition of heavy transport manufacturing firm MaxiTRANS in New Zealand by its subsidiary Action Manufacturing for a purchase price of $5.7m.

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Air NZ chalks up 10% more domestic flyers in 2021 https://www.tourismticker.com/2022/01/20/air-nz-chalks-up-10-more-domestic-flyers-in-2021/ https://www.tourismticker.com/2022/01/20/air-nz-chalks-up-10-more-domestic-flyers-in-2021/#respond Wed, 19 Jan 2022 18:30:00 +0000 https://www.tourismticker.com/?p=87704 Air New Zealand carried more domestic travellers in 2021 than in 2020, despite the biggest market being in lockdown for nearly five months.

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Tough conditions drag 1H performance – SkyCity https://www.tourismticker.com/2021/11/16/tough-conditions-drag-1h-performance-skycity/ https://www.tourismticker.com/2021/11/16/tough-conditions-drag-1h-performance-skycity/#respond Mon, 15 Nov 2021 18:35:09 +0000 https://www.tourismticker.com/?p=85280 SkyCity operations have been hurt by trading environments in New Zealand and Australia so far in the first half of the financial year, the casino operator said in an update to investors today.

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Tourism Holdings expects FY22 loss, but environment improving https://www.tourismticker.com/2021/10/22/tourism-holdings-expects-another-loss-but-environment-improving/ https://www.tourismticker.com/2021/10/22/tourism-holdings-expects-another-loss-but-environment-improving/#respond Thu, 21 Oct 2021 18:40:26 +0000 https://www.tourismticker.com/?p=83990 Tourism Holdings Limited reiterated that it expects to make another net loss after tax for the current year to June, but sees the period as having two distinct halves.

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NZ revenue dives 84% at Helloworld https://www.tourismticker.com/2021/09/08/nz-revenue-dives-84-for-helloworld/ https://www.tourismticker.com/2021/09/08/nz-revenue-dives-84-for-helloworld/#respond Tue, 07 Sep 2021 19:50:31 +0000 https://www.tourismticker.com/?p=81613 Helloworld's New Zealand business saw revenue plummet 83.5% to A$7.8m in the year to June 2021, compared with A$47.3m posted in FY20.

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Weak tourism offset by strong freight in FY21 – KiwiRail https://www.tourismticker.com/2021/09/01/weak-tourism-offset-by-strong-freight-in-fy21-kiwirail/ https://www.tourismticker.com/2021/09/01/weak-tourism-offset-by-strong-freight-in-fy21-kiwirail/#respond Tue, 31 Aug 2021 20:00:32 +0000 https://www.tourismticker.com/?p=81184 Revenue fell at all of the SOE's scenic train services in a "difficult environment for tourism operators,” says CEO Greg Miller.

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NZ tourism divisions drag Australasian operators https://www.tourismticker.com/2021/08/31/nz-business-performs-poorly-for-australasian-operators/ https://www.tourismticker.com/2021/08/31/nz-business-performs-poorly-for-australasian-operators/#respond Mon, 30 Aug 2021 19:50:53 +0000 https://www.tourismticker.com/?p=81139 New Zealand was a drag on earnings for a number of large Australian-based tourism and travel firms, and returning to growth will depend on the effectiveness of the vaccination programme here.

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SkyCity’s Ahearne not betting on international visitors before mid-2022 https://www.tourismticker.com/2021/08/26/skycitys-ahearne-not-betting-on-international-visitors-before-mid-2022/ https://www.tourismticker.com/2021/08/26/skycitys-ahearne-not-betting-on-international-visitors-before-mid-2022/#respond Wed, 25 Aug 2021 19:50:32 +0000 https://www.tourismticker.com/?p=80834 The operator says lockdown is costing it $1m a day in profit but it is paying back almost $7m of the wage subsidy it received last year.

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Auckland Airport reports underlying loss of $41.8m https://www.tourismticker.com/2021/08/19/auckland-airport-reports-underlying-net-loss-of-41-8m/ https://www.tourismticker.com/2021/08/19/auckland-airport-reports-underlying-net-loss-of-41-8m/#respond Wed, 18 Aug 2021 19:32:02 +0000 https://www.tourismticker.com/?p=80405 Total passenger traffic through the airport was down 58% on the previous financial year at 6.4 million passengers.

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Queenstown Airport profit falls 91% as revenue takes a hit https://www.tourismticker.com/2021/08/19/qac-profit-falls-91-to-1-6m-as-revenue-takes-a-hit/ https://www.tourismticker.com/2021/08/19/qac-profit-falls-91-to-1-6m-as-revenue-takes-a-hit/#respond Wed, 18 Aug 2021 19:30:56 +0000 https://www.tourismticker.com/?p=80420 nternational passengers fell 95.7% due to Covid-19 border restrictions and domestic passengers increased by 1.9% on the 2020 financial year supported by a strong domestic recovery.

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Tasman Tourism eyes expansion, targets tourist centres – Aflallo https://www.tourismticker.com/2021/08/12/tasman-tourism-aims-to-expand-offerings-in-certain-regions-aflallo/ https://www.tourismticker.com/2021/08/12/tasman-tourism-aims-to-expand-offerings-in-certain-regions-aflallo/#respond Wed, 11 Aug 2021 19:30:51 +0000 https://www.tourismticker.com/?p=79800 Holiday park operator Tasman Tourism New Zealand is hoping to expand its portfolio of assets and create a database of potential employees to tap when the time is right.

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Go Bus acquires McDermott in southern expansion https://www.tourismticker.com/2021/08/02/go-bus-acquires-mcdermott-in-southern-expansion/ https://www.tourismticker.com/2021/08/02/go-bus-acquires-mcdermott-in-southern-expansion/#respond Sun, 01 Aug 2021 18:50:40 +0000 https://www.tourismticker.com/?p=79347 Go Bus has acquired Invercargill-based McDermott Coachlines.

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NZICC deadline pushed three years to Dec 2027 https://www.tourismticker.com/2021/07/14/nzicc-deadline-pushed-to-december-2027/ https://www.tourismticker.com/2021/07/14/nzicc-deadline-pushed-to-december-2027/#respond Tue, 13 Jul 2021 20:00:16 +0000 https://www.tourismticker.com/?p=78081 SkyCity says it is "prudent to have a buffer" between Fletcher's current delivery date of late 2024 and the project's deadline.

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WellingtonNZ appoints TIA for sustainability programme https://www.tourismticker.com/2021/07/14/wellingtonnz-appoints-tia-for-sustainability-programme/ https://www.tourismticker.com/2021/07/14/wellingtonnz-appoints-tia-for-sustainability-programme/#respond Tue, 13 Jul 2021 18:47:36 +0000 https://www.tourismticker.com/?p=78007 WellingtonNZ aims to share lessons learned from programme with rest of New Zealand after pilot complete.

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Union urges SkyCity to lift pay rate https://www.tourismticker.com/2021/07/09/union-urges-skycity-to-lift-pay-rate/ https://www.tourismticker.com/2021/07/09/union-urges-skycity-to-lift-pay-rate/#respond Thu, 08 Jul 2021 18:25:12 +0000 https://www.tourismticker.com/?p=77787 Unite Union is calling on SkyCity to increase pay rates by at least $2 per hour to provide a living wage for its employees.

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Ngāi Tahu to repay $2.4m in wage subsidies https://www.tourismticker.com/2021/07/06/ngai-tahu-to-repay-2-4m-in-wage-subsidies/ https://www.tourismticker.com/2021/07/06/ngai-tahu-to-repay-2-4m-in-wage-subsidies/#respond Mon, 05 Jul 2021 20:00:05 +0000 https://www.tourismticker.com/?p=77601 Ngāi Tahu Tourism was one of the businesses that received government support but the iwi says it will pay most of it back.

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Serko appoints new CFO to start October https://www.tourismticker.com/2021/07/06/serko-appoints-new-cfo-to-start-october/ https://www.tourismticker.com/2021/07/06/serko-appoints-new-cfo-to-start-october/#respond Mon, 05 Jul 2021 18:50:19 +0000 https://www.tourismticker.com/?p=77582 Online travel booking and expense management firm Serko has appointed Shane Sampson chief financial officer.

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Flight Centre rolls-out global staff retention scheme https://www.tourismticker.com/2021/06/28/flight-centre-rolls-out-global-staff-retention-scheme/ https://www.tourismticker.com/2021/06/28/flight-centre-rolls-out-global-staff-retention-scheme/#respond Sun, 27 Jun 2021 18:02:13 +0000 https://www.tourismticker.com/?p=77015 Qualifying staff to receive share rights vesting in February 2023.

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BEIA releases NZ event planner guide with regional focus https://www.tourismticker.com/2021/06/22/beia-releases-nz-event-planner-guide-with-regional-focus/ https://www.tourismticker.com/2021/06/22/beia-releases-nz-event-planner-guide-with-regional-focus/#respond Mon, 21 Jun 2021 18:15:09 +0000 https://www.tourismticker.com/?p=76562 More than 2,500 copies distributed to business event organisers in Australia and New Zealand.

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Taranaki businesses struggle as border closure continues https://www.tourismticker.com/2021/06/21/taranaki-businesses-struggle-as-border-closure-continues/ https://www.tourismticker.com/2021/06/21/taranaki-businesses-struggle-as-border-closure-continues/#respond Sun, 20 Jun 2021 18:25:01 +0000 https://www.tourismticker.com/?p=76518 Lack of overseas visitors, difficultly in finding migrant workers cited.

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Air NZ expects FY21 pretax loss of up to $450m https://www.tourismticker.com/2021/06/18/air-nz-expects-pretax-loss-of-up-to-450m/ https://www.tourismticker.com/2021/06/18/air-nz-expects-pretax-loss-of-up-to-450m/#respond Thu, 17 Jun 2021 19:45:52 +0000 https://www.tourismticker.com/?p=76459 Red ink at national carrier seen as staunched somewhat compared to last FY due to strong domestic, cargo.

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Polynesian Spa owner swings into black https://www.tourismticker.com/2021/06/16/polynesian-spa-owner-swings-into-black/ https://www.tourismticker.com/2021/06/16/polynesian-spa-owner-swings-into-black/#respond Tue, 15 Jun 2021 18:59:10 +0000 https://www.tourismticker.com/?p=76213 Rangatira's tourism operations drag on other sectors in its investment portfolio.

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“Strong” domestic demand drives new SkyCity guidance https://www.tourismticker.com/2021/06/11/strong-domestic-demand-drives-new-skycity-earnings-guidance/ https://www.tourismticker.com/2021/06/11/strong-domestic-demand-drives-new-skycity-earnings-guidance/#respond Thu, 10 Jun 2021 19:55:30 +0000 https://www.tourismticker.com/?p=75975 The operator says normalised FY21 earnings could reach $253m.

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SkyCity board appoints non-executive directors https://www.tourismticker.com/2021/06/09/skycity-board-appoints-non-executive-directors/ https://www.tourismticker.com/2021/06/09/skycity-board-appoints-non-executive-directors/#respond Tue, 08 Jun 2021 18:10:32 +0000 https://www.tourismticker.com/?p=75785 New appointees take up posts 8 June.

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Southern Discoveries doubles domestics, predicts long recovery https://www.tourismticker.com/2021/05/25/southern-discoveries-doubles-domestics-predicts-long-recovery/ https://www.tourismticker.com/2021/05/25/southern-discoveries-doubles-domestics-predicts-long-recovery/#respond Mon, 24 May 2021 19:45:36 +0000 https://www.tourismticker.com/?p=74781 "We don't see a bounce-back in 2022," says the operator's CEO, Tim Hunter.

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90% revenue down, 100+ workers gone, no govt help – coachline’s crisis https://www.tourismticker.com/2021/05/20/90-revenue-down-100-workers-gone-no-govt-help-coachlines-crisis/ https://www.tourismticker.com/2021/05/20/90-revenue-down-100-workers-gone-no-govt-help-coachlines-crisis/#respond Wed, 19 May 2021 19:50:42 +0000 https://www.tourismticker.com/?p=74500 Leopard Coachlines director Brent Early says his business is suffering and the govt has abandoned the industry.

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Serko posts $29m loss, sees brighter travel bookings future https://www.tourismticker.com/2021/05/19/serko-posts-fy21-loss-of-29-4m-but-sees-brighter-future/ https://www.tourismticker.com/2021/05/19/serko-posts-fy21-loss-of-29-4m-but-sees-brighter-future/#respond Tue, 18 May 2021 19:30:26 +0000 https://www.tourismticker.com/?p=74435 Travel volumes for April 2021 were at 84% of 2019 levels.

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THL guides FY21 loss of up to $18m https://www.tourismticker.com/2021/04/23/thl-guides-fy21-loss-of-14m-18m/ https://www.tourismticker.com/2021/04/23/thl-guides-fy21-loss-of-14m-18m/#respond Thu, 22 Apr 2021 20:00:02 +0000 https://www.tourismticker.com/?p=72915 Stong RV sales in the US is bringing in revenue but rental demand is slow due to the lack of visitors.

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Quinn makes bid for Taupo motorsport attraction https://www.tourismticker.com/2021/04/21/quinn-makes-bid-for-taupo-motorsport-attraction/ https://www.tourismticker.com/2021/04/21/quinn-makes-bid-for-taupo-motorsport-attraction/#respond Tue, 20 Apr 2021 18:59:06 +0000 https://www.tourismticker.com/?p=72723 Tony Quinn has made a conditional buyout offer for the Bruce McLaren Motorsport Park Taupo.

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S&P upgrades SkyCity as revenue outlook improves https://www.tourismticker.com/2021/04/20/sp-upgrades-skycity-as-revenue-outlook-improves/ https://www.tourismticker.com/2021/04/20/sp-upgrades-skycity-as-revenue-outlook-improves/#respond Mon, 19 Apr 2021 19:20:30 +0000 https://www.tourismticker.com/?p=72597 Capex on the NZICC and Horizon Hotel development is likely past its peak, says the global ratings agency.

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Aus fund manager Yarra takes substantial SkyCity interest https://www.tourismticker.com/2021/04/16/aus-fund-manager-yarra-takes-substantial-skycity-interest/ https://www.tourismticker.com/2021/04/16/aus-fund-manager-yarra-takes-substantial-skycity-interest/#respond Thu, 15 Apr 2021 18:50:43 +0000 https://www.tourismticker.com/?p=72402 Change affects 8.63% of voting power in casino operator, effective 12 April.

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‘Trapped’ tourists drive retailer’s earnings up https://www.tourismticker.com/2021/03/23/trapped-tourists-drive-retailers-earnings-up/ https://www.tourismticker.com/2021/03/23/trapped-tourists-drive-retailers-earnings-up/#respond Mon, 22 Mar 2021 18:10:27 +0000 https://www.tourismticker.com/?p=70748 The company has been able to capitalize on campers, surfers, rock climbers and kayakers trapped in NZ and Australia with time and income.

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Cash burn rate key for Air NZ as Covid crisis continues https://www.tourismticker.com/2021/02/26/cash-burn-rate-key-for-air-nz-as-covid-crisis-continues/ https://www.tourismticker.com/2021/02/26/cash-burn-rate-key-for-air-nz-as-covid-crisis-continues/#respond Thu, 25 Feb 2021 18:05:11 +0000 https://www.tourismticker.com/?p=69147 “Compared to most of our global peers, we are in a very fortunate position,” said chief executive Greg Foran.

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Tourism Holdings sanguine about holiday pay ruling https://www.tourismticker.com/2021/02/03/tourism-holdings-sanguine-about-holiday-pay-ruling/ https://www.tourismticker.com/2021/02/03/tourism-holdings-sanguine-about-holiday-pay-ruling/#respond Tue, 02 Feb 2021 17:50:04 +0000 https://www.tourismticker.com/?p=67498 Tourism Holdings’ chief executive Grant Webster says a court ruling about holiday pay won’t have a material impact on the company but some companies may need to review processes.

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cievents closure sees trio launch new incentives firm https://www.tourismticker.com/2020/12/09/cievents-closure-sees-trio-branch-out-on-their-own-with-new-incentives-firm/ https://www.tourismticker.com/2020/12/09/cievents-closure-sees-trio-branch-out-on-their-own-with-new-incentives-firm/#respond Tue, 08 Dec 2020 18:10:44 +0000 https://www.tourismticker.com/?p=65406 Starting a new business in the middle of the pandemic may be a scary idea to some, but was necessary to deliver what was promised to clients, says the new directors of Motive Events. 

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SkyCity chair: Senior executive departures a ‘stable transition’ https://www.tourismticker.com/2020/11/17/skycity-chair-senior-executive-departures-a-stable-transition/ https://www.tourismticker.com/2020/11/17/skycity-chair-senior-executive-departures-a-stable-transition/#respond Mon, 16 Nov 2020 18:50:05 +0000 https://www.tourismticker.com/?p=63842 SkyCity chairman Rob Campbell told investors and analysts that the departure of chief executive Graeme Stephens was not unusual or entirely unexpected.

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Centuria renews takeover bid for Augusta https://www.tourismticker.com/2020/06/16/aussie-firm-eyes-augusta-capital-for-a-buck/ https://www.tourismticker.com/2020/06/16/aussie-firm-eyes-augusta-capital-for-a-buck/#respond Mon, 15 Jun 2020 18:20:20 +0000 https://www.tourismticker.com/?p=51967 NZX-listed Augusta Capital is again the target of a takeover, with Australian company Centuria renewing an earlier bid.

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The post Centuria renews takeover bid for Augusta appeared first on Tourism Ticker.

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