THL expects loss of more than $12 million

Wed, 23 Dec 2020

Tourism Holdings expects domestic demand in New Zealand during the summer period to be weaker than first thought.Based on November and early December trading, domestic demand for late January through to March would be lower than originally anticipated, the company said in a statement on NZX.It said it wasn’t currently possible to provide a credible forecast for the coming financial year, but expected to post a bigger loss than the average predicted by market analysts. The average net loss projection for THL was $12.8 million across Carter...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

World History

‘World’s richest Negro girl’ drew media ridicule and alarm

Sarah Rector was 11 when oil was discovered on land she owned. Cue racist news reports.

The Washington Post 5:00am

Books Review

A haunting and terrible look at Ireland's Great Famine

By 1845, most people relied on a single potato strain – a disaster waiting to happen.

The Wall Street Journal 5:00am

A haunting and terrible look at Ireland's Great Famine

World

'Quite sad': Renters turn to lottery in Spain's housing crisis

44,000 applicants for Madrid apartments, only 64 winners.

Agence France-Presse 15 Mar 2025

'Quite sad': Renters turn to lottery in Spain's housing crisis

Sponsored

The new face of luxury Scotch: Harrison Ford, the Traitors castle and an E-Type Jag

Harrison Ford’s Glenmorangie campaign breaks all the rules.

Glenmorangie Whiskey

Sponsored

Mastering market swings

ETFs can be a "smart" way to build a long-term, diverse portfolio.

Smart

More Economy

Economy

Spending up 3.7% in year, Westpac data says

Westpac’s senior economist, Satish Ranchhod, says spending is "starting to pick up again" after the bank’s data showed a 3.7% annual rise in spending on Westpac-issued credit and debit cards. Westpac's Retail Spending Pulse, released on Friday, showed the upward shift was hel...

Staff reporters 14 Mar 2025