5th March 2024 Experience Co / Skydive
The Australasian adventure operator says it saw the most pronounced recovery in Queenstown during the Chinese New Year at its NZONE skydive business.
The Australasian operator’s New Zealand skydiving business was among its worst performers, according to the company’s half-year report.
Experience Co’s NZ business delivered solid growth in a mixed period for the acquisitive Australasian operator.
Experience Co has downgraded its earnings forecast following a wet start to the year that hampered activity at its NZ and Australian operations.
Revenue from its NZ skydiving operations was A$12.9m, up 7.5% compared to the same period a year earlier.
One of Australasia’s most acquisitive operators has made yet another big bet splashing $61.5m for two operators as part of its ambition to become “the world’s largest adventure tourism company”.