Is there any respite from pandemic to 3 NZX travel and tourism stocks?

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Is there any respite from pandemic to 3 NZX travel and tourism stocks?

 Is there any respite from pandemic to 3 NZX travel and tourism stocks?
Image source: Blue Planet Studio,Shutterstock

Highlights

  • NZ's travel and tourism sector is bearing the brunt of the countrywide lockdown being due to the fatal Delta variant.
  • Auckland International Airport to hold a virtual Annual Meeting in the light of the prevailing conditions.
  • Air New Zealand to close its director nominations by 15 September.

New Zealand was one of the few countries across the world which had successfully controlled the spread of the monster COVID-19 within its shores.

Its travel and tourism sector had just begun to revive with the opening of the two-way quarantine-free trans-Tasman bubble with Australia and Cook Islands.

Though, in between, the bubble was suspended owing to the restrictions imposed in the few regions across Australia. Nonetheless, NZ’s domestic travel sector brimmed with confidence.

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However, with the emergence of the deadlier Delta variant in the country, NZ again slipped to nationwide lockdowns and restrictions. This has adversely impacted the country’s otherwise booming domestic tourism.

Interesting Read: How is NZ's COVID-19 vaccination process progressing amid the Delta outbreak?

Amid this backdrop, let us glance through the three NZX-listed travel and tourism stocks.

Auckland International Airport Limited (NZX:AIA; ASX:AIA)

First on the list is Auckland International Airport Limited, which offers airport facilities along with other support services across New Zealand. The Company has announced to hold a virtual Annual Meeting on 21 October.

Also, AIA has urged its shareholders to send director nominations by 10 September.

At the time of writing, Auckland International Airport gained 1.10% at NZ$7.330 on 6 September.

Related Read: Five NZX travel stocks to look at amid border closure and paused travel bubble

Air New Zealand Limited (NZX:AIR; ASX:AIZ)

Next in line is Air New Zealand Limited, which provides both domestic and international transportation along with cargo services. It has scheduled its ASM towards late October, details of which would be sent towards September end.

It is noted that director nominations would close on 15 September.

On 6 September, at the time of writing, Air New Zealand rose by 0.32% at NZ$1.57.

Interesting Read: Which are the top 10 transportation stocks in New Zealand?

Tourism Holdings Limited (NZX:THL)

Topping off the list is NZ’s famous tourism company, Tourism Holdings Limited, which is engaged in manufacturing, renting, and supplying holiday vehicles. Recently, it has advised its shareholders on sending nominations of directors by 15 September.

Moreover, it has mentioned that the date, time, and venue of its Annual Meeting of Shareholders would be revealed soon.

During the trading session, Tourism Holdings declined by 0.41% at NZ$2.410, as on 6 September.

Related Read: How has Tourism Holdings (NZX:THL) fared since COVID-19 pandemic began?

Bottom Line

New Zealand boasts a strong and a well-established economy. Though, briefly paused, its travel and tourism sector is sure to be back on track as the country is taking all the necessary and stringent steps to stem the spread of the pathogen and support the sustainable recovery of the tourism sector.

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