
Tax border, not beds, says Barnett
A visitor tax is suggested as the fairest way to ensure tourists contribute to cover their costs.
A visitor tax is suggested as the fairest way to ensure tourists contribute to cover their costs.
New Zealand shares rose as Scales and Mercury gained and Comvita dropped after its earnings report. The S&P/NZX 50 Index rose 16.19
In the six months to December, New Zealand rental revenue rose 16 per cent to $49.4 million, while tourism revenue advanced 17 per cent to $17.7m.
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The tourism industry's biggest challenge is coping with record growth and finding ways to fund infrastructure.
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Tourism operators say there have been no reports of cancellations following the earthquakes but the industry is in damage control because of potential damage to NZ's image.
Tourism Holdings lifted annual profit 21 per cent and continues to target net profit of $30 million by 2018.
Campervan operator Tourism Holdings has dobbed in customers to the police after real time monitoring equipment found evidence of dangerous driving.
Tourism Holdings, the campervan rental company, has boosted its first-half profit 45pc and upgraded its full-year profit forecast.
Tourism Holdings is the winner of the Deloitte Top 200 Best Growth Strategy Award, 2015.
Tourism Holdings is scouting for new investment opportunities in campervans overseas and is starting a shared economy service matching any RV owner with renters.
The August corporate reporting season is now largely complete, aside from a few stragglers that have slightly different balance dates.
Guest nights fell across all accommodation sectors except backpacker stays.
The boost was fuelled by a rebound in both domestic and international travellers and a lift in South Island and hotel park stays.
Statistics New Zealand figures out today show national guest nights have risen every month for the past year.
New Zealand is enjoying its best summer for overseas tourist arrivals but operators are worried that demand from our most important market, Australia, could be dented by the fall in the value of the Aussie dollar.
Tourist operators say a chronic labour shortage because of problems hiring overseas workers could choke the booming tourism sector.
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Ngai Tahu Holdings is looking for large investment opportunities around the country to broaden its business after making a record profit.
Tourism Holdings chief executive Grant Webster says the falling New Zealand dollar will boost the visitor sector but is unlikely to encourage a big surge in numbers this high season.
Tourism Holdings' share price jumped 6 per cent yesterday after the company said its profit this year may beat guidance released earlier this year.
Tourism Holdings says market conditions are the best in seven years.
At Tourism Holding's annual meeting, chairman Rob Campbell said earnings before interest and tax for the six months to Dec 31 were expected to rise 25% to $6.6m.