nz tourism holdings

Tourism Holdings

Most recent annual report.

2023 Annual Report

Travel Arrangements

• Auckland, New Zealand

Tourism Holdings Limited is New Zealand's premier tourism company with operations also in Australia and the USA Operations include car and motorhome rentals in Australia, New Zealand and the USA; Kiwi Experience backpacker transport, tourism activities in Waitomo including the world famous Waitomo Glowworm Caves and the Legendary Black Water Rafting Co. and a joint venture specialist caravan and motorhome manufacturing company and Auckland, plus a motorhome manufacturing plant in Melbourne. Tourism Holdings is listed on the New Zealand Stock Exchange under the ticker code THL.

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Tourism Holdings Limited

Company summary.

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Tourism holdings reports $29m profit.

Photo: Unsplash / Lawton Cook

Campervan and tourism operator Tourism Holdings (THL) has reported a $29 million profit as tourism rebounds post-Covid.

Chief executive Grant Webster said the company's sale of rental revenue increased 167 percent to $134m in the six months ended December.

Key numbers for the six months ended December compared with a year ago:

• Net profit $25.2m vs $4.4m loss
• Revenue $261m vs $175m
• Underlying profit $26.3m vs 2.3m loss
• Net debt $249m vs $59m

The interim result is the company's first following the merger with Apollo Tourism and Leisure (ATL) at the end of November last year, but only included one month of Apollo's data.

Webster said the full impact of the merger would become clearer in August when the company's full year results are released.

He said the company's full year underlying net profit was on track to be above $75m.

"Based on these current performance expectations, THL expects to be in a position in August 2023 to declare a dividend," he said.

"In recognition of the need to balance funding the rebuild of the global fleet with returns to shareholders, any dividend will be smaller than THL historical dividend policy.

"The longer term dividend policy is being reviewed post-merger and will be provided to the market by the full year results."

Webster was optimistic the post-Covid tourism rebound would continue and said the outlook for the coming years was positive.

"When you're on the floor in the way that we were in tourism, it's a long way to sort of feel like you're standing up and standing up straight again," he said.

"So yes, to keep using that analogy, the ceiling is a little bit lower on a broader economic basis, but as you're still standing up from the floor, there's a lot of room between the floor and the ceiling.

"We still see positive growth, we still see our line capacity growing and we still see that we're going to grow our capacity in motorhome fleet around the world as well."

Webster said the company was getting good margins on global motorhome and vehicle sales as shortages and higher demand were pushing up prices.

"I think what Covid has taught us, and what we've seen in recent times, is that tourism is such a core part of what is like a desire and a need for us from a humanity perspective.

"We want to connect, we want to see other places, we want to explore.

"Broadly speaking, I think we are going to see growth through the 2023 calendar year and the 2024 calendar year.

"Beyond that, let's see what's happening from an economic cycle perspective, that's a long way away, but I broadly think you're going to continue to see tourism grow over the coming years."

Copyright © 2023 , Radio New Zealand

Related Stories

Tourism holdings expects improved full-year result.

Campervan operator Tourism Holdings is expecting an improved full-year result on the back of strong trading in the first half.

Tourism Holdings and Apollo Tourism & Leisure merger complete

Campervan operator Tourism Holdings has announced the completion of its merger with Australia's Apollo Tourism & Leisure.

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Tourism Holdings Ltd

Key statistics.

1.86 mean rating - 7 analysts

2024 (millions NZD)

About Tourism Holdings Ltd (THL.NZ)

Company information.

Tourism Holdings Limited is a New Zealand-based tourism company. The Company is a commercial recreational vehicle (RV) rental operator. It also operates tourism adventure, travel technology and commercial vehicle manufacturing businesses. In New Zealand/Australia, it operates rental brands (Maui, Britz, Apollo, Mighty, Hippie, Cheapa Campa), manufacturing (Action Manufacturing, Apollo), retail brands (Talvor, Kea, Winnebago, Adria, Coromal, Windsor), retail dealerships (RV Super Centre, Apollo RV Sales, Kratzmann, George Day, Sydney RV, E-Camperco), travel technology (TripTech) and tourism attractions (Kiwi Experience and the Discover Waitomo Group, which includes Waitomo Glowworm Caves, Ruakuri Cave, Aranui Cave and The Legendary Black Water Rafting Co.). In North America, it operates the Road Bear RV, El Monte RV, CanaDream, Britz and Mighty rental brands. In the United Kingdom and Europe, it operates the Just go, Apollo and Bunk Campers rental brands.

Contact Information

+ 64 ( 9 ) 3364299

https://www.thlonline.com/

Rental & Leasing

Executive Leadership

Income statement.

2023 (millions NZD)

Balance Sheet

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Markets Performance

Commodities chevron, currencies chevron, rates & bonds chevron, stocks chevron, latest news.

Australian shares fell on Friday amid a sell-off across sectors, as stocks of mining giant Rio Tinto dropped, gold and mining companies dipped, and cases of the Omicron coronavirus variant in the country continued to surge.

Australia shares fell on Friday, poised to snap the third straight weekly gain, weighed down by tech stocks tracking a tepid overnight session at Wall Street, with materials-related sectors dragging the bourse further on weak commodity prices.

Australian shares fell on Tuesday, with energy and banking indexes leading the decline, as an Omicron-led surge in domestic COVID-19 cases and worries around tighter monetary policies globally weighed on markets.

Australian shares ended lower on Friday, hit by energy and technology stocks, but posted their first weekly gain since early-November on easing concerns over the economic impact of the Omicron coronavirus variant.

Australian shares rose 1% on Wednesday, taking their cue from a strong overnight session on Wall Street, while domestic miners and banks rebounded from losses recorded a day earlier to top gains in the benchmark index.

Board of Directors

Cathy Quinn ONZM

Chair (auckland).

Independent Director appointed in September 2017. Cathy was appointed Chair of thl in June 2022 and serves on all of thl ’s Board Committees. Cathy is a former senior corporate partner at MinterEllisonRuddWatts. She served as the firm’s Chair for eight years during a period of transformation and growth. Cathy is a Director of Fletcher Building Limited, Fonterra Co-operative Group Limited, Rangatira Limited and is Chair of Fertility Associates. Cathy is also Pro-Chancellor of the University of Auckland. Cathy is a former member of the NZ Securities Commission and Capital Markets Development Taskforce, and was made an Officer of the NZ Order of Merit in 2016 for services to law and women.

Robert Baker

Independent director (brisbane).

Independent Director appointed in November 2022. Rob serves on the Audit and Risk Committee and Health, Safety and Sustainability Committee. Rob is an experienced Non-Executive Director, and his current ASX Board positions include Non-Executive Director and Chair of the Audit and Risk Committee of Flight Centre Travel Group Ltd (ASX: FLT) and NonExecutive Chairman of RightCrowd Limited (ASX: RCW). Rob is also Chairman of Goodman Private Wealth Ltd and has several pro bono Board or Advisory Board roles with organisations in the not-forprofit sector including Chairman of the Audit and Risk Committee of Australian Catholic University Limited.

Debbie Birch

Director (taupo).

Independent Director appointed in September 2016. Debbie Chairs the Health, Safety and Sustainability Committee (appointed June 2022) and serves on the Audit and Risk Committee and Market Disclosure Committee. Debbie has held various Director and trustee positions for the last 10 years and is currently Chair of Taupō Moana Investments Limited and Raukawa ki te Tonga AHC Limited. Debbie is a Board member of Ngāti Awa Group Holdings Limited and associated subsidiaries, Te Pūia Tāpapa GP Limited, Eastland Group Limited and associated subsidiaries, a Member of Treasury’s Capital Markets Advisory Committee and Te Puna Whakaaronui Thought Leaders Group. Debbie has significant financial, commercial and strategic experience gained in Asia, Australia and New Zealand with more than 30 years’ working in global capital markets.

Rob Hamilton

Director (auckland).

Independent Director appointed in February 2019. Rob Chairs the Audit and Risk Committee (appointed November 2019) and serves on the Remuneration and Nomination Committee and Market Disclosure Committee. Rob is a respected member of the finance community, with more than 30 years’ experience in senior roles. Rob is currently a Director of Westpac New Zealand Limited and Oceania Healthcare Limited. He was previously Chief Financial Officer at SkyCity Entertainment Group Limited and Managing Director and Head of Investment Banking at Jarden (formerly First NZ Capital). Rob has previously been a Board member on the New Zealand Olympic Committee and Auckland Grammar School.

Sophie Mitchell

Independent Director appointed in November 2022. Sophie Chairs the Remuneration and Nomination Committee (appointed October 2023 ) and serves on the Audit and Risk Committee and the Market Disclosure Committee. Sophie is an experienced professional in the finance industry and holds Non-Executive Director roles in Corporate Travel Management Limited (ASX: CTD), Myer Family Investments Limited, Firstmac Limited and Morgans Holdings (Australia) Limited. Sophie was previously Chair of Apollo Tourism & Leisure Ltd, prior to the merger with thl.

Luke Trouchet

Executive director (brisbane).

Luke moved into the Executive Director role as part of the merger between thl and Apollo Tourism & Leisure in December 2022. In 2001, Luke was appointed as CEO and Managing Director of Apollo Tourism & Leisure Ltd, when he took over the management control of the business his parents founded, with his brother Karl. Luke led Apollo through a strong growth period, expanding internationally into New Zealand, USA, Canada, United Kingdom and Europe. Luke’s entrepreneurial mindset helped the business make a number of strategic acquisitions that delivered strong financial performance. Luke continued to drive Apollo forward to become a global RV solution.

Gráinne Troute

Independent Director appointed in February 2015. Gráinne serves on the Remuneration and Nomination Committee, Audit and Risk Committee and Health, Safety and Sustainability Committee. Gráinne is a Chartered Member of the Institute of Directors and is also a Director of Summerset Group Holdings Limited, Investore Property, Duncan Cotterill, and is Chair of Montana Group. Gráinne is a professional Director with many years’ experience in senior Executive roles. Gráinne was General Manager, Corporate Services at SkyCity Entertainment Group and Managing Director of McDonald’s Restaurants (NZ). Gráinne also held senior management roles with Coopers and Lybrand (now PwC) and HR Consultancy Right Management. She has also spent many years as a Trustee and Chair in the not-for-profit sector, including having been the Chair of Ronald McDonald House Charities New Zealand for five years.

Grant Webster

Chief executive officer, tourism holdings limited (thl).

Grant was appointed Managing Director in December 2022 and was originally appointed as Chief Executive Officer in December 2008. Grant has served on various industry and Government bodies including nine years on the Tourism Industry Aotearoa Board including periods as Chair and Deputy Chair. Grant was also a co-Chair for the New Zealand Government’s Tourism Futures Taskforce in 2020.  Grant was awarded the CEO of the Year award at the New Zealand Deloitte Top 200 awards in 2023.

Grant’s background includes senior executive roles across the tourism, hospitality, gaming and retail industries, where he held Director and general management roles within the retail sector before moving into tourism. Grant holds a Bachelor of Commerce degree from Victoria University and has completed executive studies at the Insead Advanced Management Programme in Fontainebleau and Monash University, Melbourne Australia. Outside of thl , Grant is on the Board of Les Mills Holdings NZ.