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.

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].interval) | 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 }}

World

South Korean police detain impeached president

Thousands of police gathered in one of Seoul's ritziest neighbourhoods for the arrest.

The Washington Post 3:35pm

Trade

Turbulent times at Airwork

Late accounts and a securities case. The problems keep piling up for Airwork.

Denise McNabb 5:00am

Policy

Changes to work visa rules spark hope and concern

Market wage requirement replaces median wage rule but will it be properly enforced?

Jem Traylen 5:00am

Changes to work visa rules spark hope and concern

Sponsored

Why Kiwis are embracing Bitcoin ETFs

The once hard-to-access investment option is becoming mainstream.

Smart

Sponsored

Boost worker health, boost results

Research shows flexible workspaces improve health and productivity

Regus

More Tourism

News in Brief

International visitor numbers stuck at 85% of pre-covid levels

Overseas visitor arrivals were 240,200 in October, an increase of 14,200 from October last year but 15% down on pre-pandemic levels.Stats New Zealand figures show the annual arrival total to October was just over 3.2 million, down around 17% on the bumper 2019 year and just ahead...

Staff reporters 13 Dec 2024