Friday, April 28, 2017
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Corporate & Results

Real Journeys hits ‘Go’ on merger

Real Journeys has restructured its business to create two distinct tourism companies.

SkyCity to appoint Tourism Holdings chairman to board

SkyCity Entertainment Group Limited advises that it intends to appoint Rob Campbell as a non-executive director to the SkyCity board.

An Operator’s View: Christchurch Airport’s Justin Watson

Christchurch International Airport's chief commercial officer - aeronautical, Justin Watson, shares his views on the airport's performance and its $180m development programme.

Queenstown Airport interim revenue jumps 25% to $20m

Queenstown Airport Corporation has reported a solid half-year result, achieving a net profit after tax of $6.2m for the first six months of the 2017 financial year.

Cardrona invests $15m in winter ’17

Cardona Alpine Resort is on track to complete $15m of developments in time for the winter season.

Real Journeys’ Richard Lauder on $20m Walter Peak investment and beyond

Real Journeys is embarking on an extensive development programme which will see it pump millions into its major attractions.

Queenstown Airport buys Wanaka farm, gets into $750k “groove” 

Queenstown Airport Corporation has acquired Windermere Farm, a 43-hectare block of land located adjacent to Wanaka Airport.

Skydive Wanaka helps Aussies lift NZ revenue by 362%

Skydive the Beach reported an 84% surge in its half-year pre-tax profit boosted by its acquisition including Skydive Wanaka, which it bought in July last year.

Wellington, Queenstown airports lose court appeals

Wellington and Queenstown airports have both lost separate Court of Appeal decisions over their runway safety areas.

Southern Discoveries invests $2m into “seamless” Milford tours

Southern Discoveries will enter Queenstown’s competitive coach sector after committing close to $2m to launch a fleet of coaches.

KiwiRail tourism services booming despite $9m Kaikoura hit

KiwiRail took a $9m hit in revenue due to the Kaikoura earthquake however tourism services on its Interislander ferry service was booming.

Air NZ betting on tourism growth, big events to arrest profit fall

Air New Zealand reported interim earnings before tax of $249m for the six months to 31 December 2015, down 24% on the same period the previous year.

Kiwi Experience revenue fall fails to slow THL growth

Tourism Holdings Limited’s (THL) New Zealand tourism operations saw earnings before interest and tax (EBIT) jump to $4.3m for the half-year to 31 December 2016, up 30% on the previous corresponding period.

Increased costs, competition eat into Air NZ revenue

Air New Zealand continues to report lower passenger revenue as rising fuel prices and increased competition take their toll.

Queenstown’s mayor is now Real Journeys’ chairman – conflict of interest?

Is Queenstown mayor Jim Boult's recent appointment to chairman of one of the region's most prominent tourism companies, Real Journeys, a conflict of interest?

Millennium & Copthorne Hotels NZ reports increased profit to $40.4m

PRESS RELEASE: Millennium & Copthorne Hotels New Zealand Limited Millennium & Copthorne Hotels New Zealand Limited (NZX: MCK) today reported its preliminary results for the...

Record passengers lift Christchurch Airport interim profit over $18m

Christchurch Airport reported a record 3.24m passengers passed through its gates in the six months to 31 December 2016 driving interim net profit to...

Queenstown Airport sees passenger numbers jump 13%

Following a strong Christmas and New Year travel period, passenger numbers at Queenstown Airport increased 13% over January.

SkyCity’s NZICC on track but it’s not committing to other expansion plans

The $700m New Zealand International Convention Centre and Hobson St hotel projects remain on-budget and on-target despite owners SkyCity remaining uncommitted in other expansion plans.
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