Tourism Holdings shares jump as Waitomo gets govt subsidy

Thu, 04 Jun 2020

Tourism Holdings shares jumped after its Discover Waitomo business was named as one of the first recipients of the government's $400 million tourism support fund. The Waitomo caves operation will receive up to $4 million to keep the business alive as the nation's borders remain closed through the covid-19 pandemic. Tourism Holdings shares rose 10.6 percent to $2.40 in early trading, taking their gain so far this week to 33 percent. The government's Tourism Sector Recovery Plan set aside $400 million in the Budget for the industry to h...

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