Tourism Holdings to shrink US fleet in bid to improve cash flow

Tourism Holdings to shrink US fleet in bid to improve cash flow
Paul McBeth
By Paul McBeth May 27 (BusinessDesk) - Tourism Holdings will shrink its US fleet by about 17 percent as the rental RV operator seeks to address an "unacceptable" performance from its North American business.  The company said the US vehicle sales market is in decline, and it estimates the volume of wholesale transactions is down 40 percent and retail sales are down 10 percent. What's more, heavy discounting is squeezing margins, something Tourism Holdings expects to continue to another 12 months.  "Despite the current market conditions...

More Services

Auckland accountancy snapped up by Hong Kong firm Acclime
Services

Auckland accountancy snapped up by Hong Kong firm Acclime

It is the second Auckland firm Acclime has acquired in as many years.

John Anthony 11 Apr 2025
Engineering firms lose 1200 people in a year
Services

Engineering firms lose 1200 people in a year

But despite the job numbers, most firms were optimistic about the sector’s prospects.

Staff reporters 09 Apr 2025
Former school lunch provider in liquidation
Law & Regulation

Former school lunch provider in liquidation

Secret Chef stopped trading in December last year.

Michael Neilson 18 Mar 2025
Libelle approached liquidators late last week
Services Exclusive

Libelle approached liquidators late last week

Liquidators were called on the same day a student was burned by a meal.

Cécile Meier 11 Mar 2025