Sunday, April 22, 2018

Corporate & Results

AJ Hackett manager jumps into GM role at Haka

Haka Tourism Group has appointed AJ Hackett Bungy New Zealand’s Graham Kinlan as its new general manager.

’20 by 2020′: SKYCITY workers’ 21% pay rise over three years

SKYCITY Entertainment Group says it will boost the wages of its lowest paid workers in New Zealand by 21% to at least $20 per hour by 2020.

Cruise ship visits increase 50% to help lift POAL revenue

A 50% jump in cruise ship numbers helped lift Ports of Auckland's interim revenue to $120.6m for the six months to December 2017, up 9.1% on the same period a year earlier.

Dunedin Airport income jumps 41%

The Dunedin City Holdings Limited group has reported a surplus after tax profit of $3.8m for the six months to December 2017

Australian operators reap rewards of booming tourism

Australian tourism and travel operators have reported record profits this week with Qantas, Flight Centre and Sydney Airport all enjoying the benefits of booming tourism.

THL profit leaps 102% as tax windfall and expansion deliver

Business expansion and tax windfalls have seen Tourism Holdings Limited’s half-year net profit after tax surge 102% in what it has billed as “another record result”.

Ferry revenues, passenger growth help KiwiRail lift surplus 39%

Interislander revenue and passenger growth helped KiwiRail make a $15.3m operating surplus in the six months to December 2017, up 39% on the same period a year earlier.

Queenstown Airport profit surges 43%, pays QLDC $750k

Queenstown Airport Corporation (QAC) has reported an interim net profit after tax of $8.8m for the six months to December 2017, up 43% on the previous corresponding period.

Webster on how THL landed its $128m JV

It has taken a year of hard work but Tourism Holdings' dream to build the world's first global RV platform received a big boost last week with the announcement of its $128m joint venture with Thor Industries.  

THL “turbocharges” pursuit of global RV platform with $129m JV

Tourism Holdings has poured its digital businesses into a $67m JV that it says will "turbocharge" the creation of a global digital motorhome platform.

Retail, property income lift Auckland Airport revenue

Auckland Airport has reported underlying profit up 7.8% to $133.1m off revenue of $332.4m, up 6.9%, in its interim results for the six months to December 2017, driven by strong growth in retail and property income.

NZ operations help drive profit up 28% at Experience Co

Revenue from its NZ skydiving operations was A$12.9m, up 7.5% compared to the same period a year earlier.

SKYCITY’s Graeme Stephens: Tourism operators wanted for ex-convention space

SKYCITY is on the hunt for tourism and entertainment operators to help fill its Auckland site once the New Zealand International Convention Centre (NZICC) launches.  

M&C boosts RevPAR, reports hotel income up 12% to $106m

Millennium & Copthorne Hotels said revenue per available room at its NZ assets grew by 8.2% in 2017, helping to drive hotel income up by 11.6% to $105.6m for the year to December.

SKYCITY signals legal fight over NZICC delay

SKYCITY has signalled a probable legal fight with contractor Fletcher Construction over the delay to the completion of the NZICC.

NZ tourism stocks recover after morning hit

New Zealand-listed tourism stocks took a dive this morning after two days of wild trading in the international markets.

InterCity’s John Thorburn on the firm’s first foray overseas

InterCity Group CEO John Thorburn on the company's expansion beyond NZ with its purchase of the Cairns-based Tusa Group, which operates a variety of cruise products.  

Christchurch Casino, Dunedin Leisure Lodge drag Skyline

Skyline Enterprises has reported an increase in trading across all of its businesses except for its Christchurch Casino and Dunedin Leisure Lodge operations.

Napier Port: “Fantastic” cruise season helps drive record result

Napier Port has released its annual results for the 2017 financial year, reporting record cargo volumes and a strong financial result.

Experience Co splashes $61.5m to buy Aussie operators

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".

Ngāi Tahu Tourism profits surge

Ngāi Tahu Tourism has made a net profit of $13.28m for the year ending June, up 56% on the previous year's result of around $8.5m.

Airways NZ reports strong full year result

The state-owned enterprise (SOE) achieved a Group Net Operating Profit after Tax (NOPAT) of $23.7 million in the financial year ending 30 June, 2017.

Is Tourism Holdings a takeover target for Chinese investors?

Chinese investment manager Citic Capital has become the largest shareholder of Tourism Holdings Limited (thl) after spending more than $20m this month purchasing almost 11% of the company.

Behind the deal: World Expeditions to bring international market

Following the announcement that Australian travel group, World Expeditions, has taken a majority stake in iconic Otago Rail Trail operator, Trail Journeys, the Ticker gets the background, and the details of the deal.

Aussies snap up iconic NZ cycle trails operator

A leading Australian adventure travel specialist has acquired iconic central Otago Rail Trail cycling tour operator, Trail Journeys.

Shareholders vote to boost thl board pay packets

Tourism Holdings shareholders voted yesterday to give the company's board of directors a pay rise of $10,000-$20,000 each.

Kaikoura quake hits CentrePort profits despite vehicles, cruise growth

Wellington's CentrePort made a $2.3m loss for the year to June despite its vehicles and cruise businesses up 32% and 12% respectively on the previous period.

Auckland Airport closes $100m offer, taps Australia for $120m

Auckland Airport closes its $100m fixed-rate bond offer with interest set at 3.64% per annum and also taps Australia for extra $120m

Skydive the Beach splashes $22m for helicopter operator

One of Australasia's most acquisitive operators has made another large investment again signalling its intent to become "the world's largest adventure tourism company".

Accor in $1.3bn bid to create Australasia’s largest hotel group

Europe's largest hotel group, Accor, has made a US$930m (NZ$1.3bn) bid for Australia's Mantra Group, which could see a number of New Zealand assets change hands.

THL board seeks $10K-$20K pay rises for its members

Tourism Holdings' board of directors are seeking to lift their total pay pool by $100,000 to $650,000 per year.

Rangatira Investments CEO resigns

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.

Stray buys Loka to become APAC’s largest “flexible adventure travel network”

Auckland-based Stray Travel has bought Australia's Loka adventure travel operator in a deal the companies say will create Asia Pacific’s largest "flexible adventure travel network".

Tourism Holdings appoints Cathy Quinn to board

Cathy Quinn, ONZM, is a senior corporate partner at MinterEllisonRuddWatts has been appointed to the Tourism Holdings Limited Board.

Passengers, property drive 50% profit surge at Christchurch Airport

A record number of passengers and strong property growth have helped Christchurch International Airport Limited (CIAL) report net profit after tax of $64.6m for the year ended June, up 50% on last year's result.

Queenstown, Auckland airports reap bumper profits

Queenstown and Auckland airports have reported bumper profits driven by tourism and increased capacity. 

Air NZ profit falls 17.5% to $382m

Air New Zealand’s earnings before tax have fallen by 20.5% to $527m for the year ended June 2017.

THL profit surges as NZ rentals earnings leap 50%

Tourism Holdings has reported record net profit after tax of $30.2m for the year ended June, up 24% on the previous period.

SkyCity CEO: Queenstown, Hamilton scoped for redevelopment, hotels

SkyCity Entertainment Group is evaluating its Queenstown and Hamilton sites for redevelopments which could include new hotels.

SkyCity profit falls nearly 70% after Australian impairment

SkyCity Entertainment Group has this morning reported a net profit after tax for the year to June of $44.9m, down 69.2% on the previous period, off revenue of $1.02bn, which was down 7.2%.

Connexionz expands in US

Connexionz, a leading provider of intelligent transit solutions for ferry and bus operators, has opened a US office in California.

Active Adventures on Blue Sky private equity deal

Queenstown tour operator Action Adventures has spoken publicly about its deal with Australian private equity firm Blue Sky.

Aussie PE enters NZ tourism with Queenstown purchase

An Australian private equity investor has splashed millions for a stake in a Queenstown tour operator and is hunting for more deals in NZ's booming tourism sector.

Flight Centre buys two NZ travel firms

Australian-listed Flight Centre Travel Group has moved to increase its leisure and corporate travel market-share in New Zealand by buying two companies.

SkyCity writes down Aussie asset by A$95M

SkyCity Entertainment Group will write off all the goodwill in its Darwin casino complex with an A$95m impairment.

New CEO and tourism strategy for Fullers

Mike Horne has been appointed chief executive of Fullers Group signalling a shift in strategy for the cruise, ferry and coach operator.

Fletcher ructions delay $470m Auckland convention centre

SkyCity says it is "comfortable" with its contractual agreements with developer Fletcher Construction despite a delay in the delivery of the New Zealand International Convention Centre.

Gisborne airport owner reports record revenue

Eastland Group recorded another strong business performance in the year to March 2017. Income increased to a record $76.2 million, with an audited profit of $14.8 million.

Serko turns around loss after big bump in revenue

Online travel booking software firm Serko said it expects its first half full year 2018  earnings to be positive at approximately $1m, up from a $1.75m loss the same period the previous period.

Skyline seeks expansion as profits surge 26%

Skyline Enterprises has announced a 26% leap in pretax profit as it continues to look at new tourism opportunities at home and abroad.

SkyCity chair steps down, THL chair steps up

SkyCity Entertainment chairman Chris Moller has announced his retirement paving the way for new board member Tourism Holdings chairman Rob Campbell to take the helm.

Sellers bank $400K after skydivers smash jump target

Skydive Wanaka has broken through the 17,000 tandem jumps target set by Skydive the Beach allowing the Otago operation's previous owners to bank $400,000.

Audio: THL upgrades profit forecast to $29.5m

Booming tourism has seen Tourism Holdings raise its full-year net profit forecast from $27m to $29.5m, a 21% increase on the previous period.

Air NZ domestic demand jumps 12%

Air New Zealand carried 1,165,000 passengers during the month of May, an increase of 8.7% compared to the same period last year.

Weather dampens Rainbow’s End, Polynesian Spa owner’s earnings

A wet summer has contributed to flat earnings for the owner of Rotorua's Polynesian Spa and Auckland's Rainbow's End. Rangatira Investments has reported operating earnings...

Booming tourism helps Mainfreight lift earnings 17%

Mainfreight is pleased to announce another year of record results to 31 March 2017.

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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