Active Adventures goes up a gear with new bike-tour company acquisition

Discovery Bicycle Tours offers all-inclusive cycling tours. (Image: Supplied)

Thu, 15 Aug 2024

Private equity-owned and Queenstown-based tourism company Active Adventures has shifted gears and added another brand to its growing stable. Talking to BusinessDesk, chief executive Wendy van Lieshout said the company added the US family-owned Discovery Bicycle Tours to its portfolio two weeks ago. Van Lieshout did not wish to disclose the amount paid for the company; however, the Australian Financial Review reported a figure of A$3 million (NZ$3.3m) on Wednesday. Active Adventures has been owned by US-based privat...

Subscribe to BusinessDesk

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 }}

Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 5:20pm

Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.

Gregor Thompson 2:00pm

Analysts struggle to find upside from Trump tariffs

Transport

Iata calls for urgent airport pricing reforms

Auckland Airport's monopoly means it can game the regulatory process, Iata says.

John Anthony 1:00pm

Iata calls for urgent airport pricing reforms

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

Sponsored

Commercial property trends: AI, sustainability and growing confidence

Falling rates and green tech shape property investment’s future.

PMG

More Tourism

News in Brief

Govt says cost to host 38th America’s Cup was too high

The Government decided not to back Tātaki Auckland Unlimited’s request to support hosting the 38th America’s Cup in Auckland due to cost.“After considering the proposal, ministers decided the estimated cost of $75 million, and possibly more – due to the uncertainty about local go...

Rebecca Howard 01 Apr 2025