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Highlights:
- New Zealand witnessed a rise in its overseas visitor numbers in July 2022.
- Auckland International Airport gets a new GM, Corporate Services.
- Tourism Holdings shares its FY23 NPAT guidance.
As per the latest reports from Stats NZ, the number of overseas visitor arrivals has surpassed 100,000 for the first month since March 2020.
In July 2022, there were 134,200 overseas visitor arrivals, which coincided with holidays across both in New Zealand and Australia. Among these travellers, 58% arrived at Auckland airport, 23% arrived at Queenstown airport, while the remaining 12% and 7%, arrived at Christchurch and Wellington airports, respectively.
It must be noted that there has been a gradual increase in the number of overseas visitor arrivals since March 2022, owing to a relaxation in the country’s border restrictions, and a majority of these overseas arrivals are driven by Australian visitors.
With this backdrop, let us explore the three well-known NZX-listed tourism stocks, namely, Auckland International Airport, Serko and Tourism Holdings.
Source: © Hd3dsh | Megapixl.com
Auckland International Airport Limited (NZX:AIA)
With a market cap of nearly NZ$11.41 billion, Auckland International Airport Limited recently announced a new General Manager, Corporate Services.
Melanie Dooney will take charge of the said position and join the Company in early November. At Auckland Airport, Ms Dooney will be responsible for health, people services, safety and wellbeing, legal, and government relations, among others.
On 12 September, at the time of writing, Auckland International Airport was rising 0.71% to NZ$7.750.
Serko Limited (NZX:SKO)
Engaged in online travel booking and expense management, Serko Limited has N$445.56 million as its current market cap.
Recently, SKO organised its Annual Meeting. Several resolutions were passed, including the election and re-election of a few directors, as well as fixing fees of its auditor, Deloitte, and expenses for the 2023 financial year.
On 12 September, at the time of writing, Serko was gaining 1.35% to NZ$3.750.
Tourism Holdings Limited (NZX:THL)
Functioning as a premier tourism company, Tourism Holdings Limited provides holiday campervans for rent and sale across the US and Australasia.
In its recently released FY22 results, THL recorded total revenue of NZ$345.8 million and a statutory net loss after a tax of NZ$2.1 million, majorly on account of reduced rental income owing to lockdown impacts.
Meanwhile, the Company has refreshed its strategies across all its business operations and has developed exciting new opportunities. It expects an FY23 NPAT between NZ$17.0 million and NZ$30.2 million and is confident of improved earnings as the country’s borders have reopened.
On 12 September, at the time of writing, Tourism Holdings was down 0.37% to NZ$2.690.
Bottom Line
With the opening of the Kiwi borders to international travelers, NZ tourism companies are optimistic and looking forward to an uninterrupted tourist influx, both domestically as well as globally.