Which are 3 NZX travel stocks to consider before 2021 ends?

Highlights

• Border crossings have risen in October in contrast to September 2021.
• Air NZ releases its sustainability report for the current year.
• Serko’s retail offer would close on 14 December.

According to the latest report of Stats NZ, the nation's travel sector witnessed a dip in its net migration with a provisional net loss of 1,700 people, i.e., a net gain of 7,400 NZ residents was offset by a net loss of 9.100 non-Kiwi residents.

Moreover, owing to the pandemic, the number of Kiwis leaving the country’s shores to settle abroad has reduced considerably and very few non-Kiwi citizens have migrated to the country.

Also, border crossings saw a rise in October 2021 as compared to previous month, which comprised one-way, quarantine-free travel for workers from Samoa, Vanuatu, and Tonga.

That said, let us walk through some of the three NZX-listed travel stocks.

Source: © 2021 Kalkine Media® data source- EODHD/Others

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

Air New Zealand Limited has recently unveiled its 2021 Sustainability Report, highlighting an extraordinary year for the aviation company, marked with commercial pressures and increased expectation climate change policy amid the pandemic.

Must Read: Air NZ (NZX:AIR): What is its sustainability report all about?

AIR has emphasised and laid down a detailed roadmap pertaining to setting up an interim science-based target for becoming carbon neutral by 2050, lifting the use of sustainable aviation fuel by 10% by 2030, reducing single-use plastics on its fleet, and the enhancement of sustainable tourism.

On 14 December, at the time of writing, Air New Zealand dropped by 2.21% at NZ$1.550.

Serko Limited (NZX:SKO; ASX:SKO)Serko Limited focuses on designing smart solutions for corporate travel and expense management. A few days back, the Company declared the opening of its non-underwritten retail offer worth NZ$10 million.

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The said offer is open to all its eligible retail shareholders with the last date being 14 December and the results pertaining to the same would be disclosed on 17 December.

It is noted that the commencement of trading of the shares issued under the retail offer would begin from 21 December on the NZX.

On 14 December, at the time of writing, Serko was decreased by 1.43% at NZ$6.9.

Tourism Holdings Limited (NZX:THL)

New Zealand’s famous supplier of motorhomes for rental and selling purposes is Tourism Holdings Limited. Of late, the Company has entered into a deal to acquire all shares of Apollo Tourism & Leisure Limited.

The resultant merged entity will have a 75% stake in THL, while the remaining 25% would belong to Apollo Tourism.

A Quick Read: Tourism Holdings (NZX:THL): What are the latest merger terms all about?

The said merger would greatly benefit Tourism Holdings in deriving cost synergies and enhanced fleet efficiency.

Further, in its market update, THL revealed that owing to the transactional cost incurred for acquiring Apollo Tourism, it expects a net loss after tax in the range of NZ$4 million to NZ$7 million. 

Also, for the remaining part of the year, the Company is uncertain about its H2 FY22 performance owing to the emergence of the Omicron virus.

However, THL continues to capitalise on its strong vehicle sales demand and anticipates a sound performance with the ease of international travel restrictions next year.

On 14 December, at the time of writing, Tourism Holdings fell 0.32% at NZ$3.130.

Bottom Line

NZ’s travel stocks are looking positive for the full-fledged re-opening of borders for international tourists from next year onwards.