After a challenging pandemic, Rotorua’s Polynesian Spa continues to increase customer numbers to levels last experienced in 2019, says Rangatira.
The 51% owner of the Rotorua attraction notes the new competition coming from Wai Ariki.
Rangatira Investments says its recovering tourism attractions have helped it return a net profit of $20.4m for the year to 31 March 2023, up 122% on the previous 12 months.
Polynesian Spa and Rainbow’s End owner Rangatira Investments has completed its capital raise to eligible existing and new wholesale investors.
Polynesian Spa and Rainbow’s End owner Rangatira Investments has opened its $50m capital raise to eligible existing and new wholesale investors.
Rainbow’s End and Polynesian Spa suffer a tough year with staffing challenges and cost inflation now putting pressure on prices.
Polynesian Spa and Rainbow’s End owner Rangatira Investments says it will report net profit after tax of $9.1m for the year to March 2022, down 8% from the previous year.
Rangatira Investments says it saw better than expected earnings across its private businesses for the six months to September 2021, except from its tourism attractions.
Rainbow’s End has not felt the same impact from border closures as Polynesian Spa, says owner Rangatira.
Rangatira’s tourism operations drag on other sectors in its investment portfolio.
The attraction’s owner says the Rotorua destination will not need further support but sounds a warning over coming competition.
The investor’s attractions have reported contrasting results with Rainbow’s End suffering a 6.5% fall in visitors.
The owner of Rainbow’s End has blamed poor weather for lower attendance at the attraction – the second year in a row the investor has highlighted the problem.
Rangatira Investments, the owner of Auckland’s Rainbow’s End and Rotorua’s Polynesian Spa, has appointed Mark Dossor its new chief executive.
Karen Crabb, the current retail director of beverage company Lion, has been appointed chief executive of Auckland’s Rainbow’s End and begins the role in February.
Rangatira Investments has named beverage company Lion’s retail director, Karen Crabb, the new chief executive of Rainbow’s End.
Phil Veal, the chief executive of Rangatira Investments, which owns two of the country’s most iconic attractions, has resigned and will leave his role in November.
After 34 years, the Pirate Ship at Rainbow’s End will swing its last swing on Saturday 19th August to make way for a new development planned for late 2018.
Rainbow’s End chief executive Chris Deere has stepped down from his role and will leave the company at the end of the year.
Rainbow’s End in Auckland suffered a “material decline in visitors” following last year’s Dreamworld tragedy in Australia, according to the attraction’s owner, Rangatira Investments.
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