NZ is silver lining in Tourism Holdings outlook, CEO says

NZ is silver lining in Tourism Holdings outlook, CEO says
Tourism Holdings' CEO Grant Webster (right) and CFO Cameron Mathewson. (Image: BusinessDesk)
Gregor Thompson
Tourism Holdings' chief executive, Grant Webster, says the company's New Zealand business is the clearest path to recovery. Company executives were apologetic as they faced shareholders following May's guidance cut that saw shares tumble 31%.Tourism Holdings Limited (THL) generates most of its revenue from its campervan rental and sale businesses in Australia, NZ and North America. It also owns smaller manufacturing and tourism businesses in NZ. During the meeting, shareholder Jeremy Sutton asked Webster what the “bi...

More Markets

NZ sharemarket steady despite US slump
Markets Market Close

NZ sharemarket steady despite US slump

Financial adviser says investors holding their breath for reporting season.

ASB's $35.5m mystery payout to customers
Markets

ASB's $35.5m mystery payout to customers

CBA reveals A$33m remediation provision for ASB customers ahead of A$10b expected result.

Strong lead from US carries NZX 50 up 1.5%
Markets Market Close

Strong lead from US carries NZX 50 up 1.5%

"Bad news is good news," one analyst said.

Gregor Thompson 05 Aug 2025