Tourism Holdings Limited (thl) has provided a market update for the financial year ending 30 June 2022 (FY22).
The first half of FY22 will be below the prior period due to domestic travel restrictions in New Zealand and Australia, and a weaker than expected performance in the USA summer season.
The USA autumn shoulder season has performed in line with the prior period and the vehicle sales market is strong.
Variable costs have been closely managed in all jurisdictions.
The outlook for the second half of FY22 remains uncertain, with it being too early to understand potential international demand.
Net capital expenditure for FY22 is expected to be at the lower end of the previously stated guidance.
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