THL takes control of motorhome partner for $9m

Fri, 26 Feb 2021

Tourism Holdings has taken control of its motorhome supply chain, buying out its partner for $9 million to have an end-to-end RV business across Australia and New Zealand.The RV rental operator was already reinventing itself before the covid-19 pandemic as it dealt with a downturn in the US, but when international travel came to a halt it aggressively sold down stock to raise and offered steep discounts to stimulate domestic demand.Those sales were the lifeblood of the business in the final six months of 2020, virtually replacing lost rental in...

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