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Highlights
- NZ Government plans to open its borders in a phased manner from early 2022, thereby bringing in some respite to its tourism sector.
- Auckland Airport hires a lady as its CEO for the first time.
- Tourism Holdings has scheduled its Annual Meeting for 21 October.
The re-emergence of COVID-19 in New Zealand has given a further setback to the country’s tourism sector, which had already been severely hit by the pandemic since March 2020.
The NZ authorities are still not ready to open the country’s borders entirely to other nations, though, they plan to open their shores in a phased manner in early next year.
The Ardern-led Government is considering opening quarantine-free travel to vaccinated tourists from low-risk countries from Q1 of 2022.
With this backdrop, let us take a quick glance at the five NZX tourism stocks worth watching for in 2022.
Image source: © 2021 Kalkine Media New Zealand Ltd, data source- EODHD/Others
Auckland International Airport Limited (NZX:AIA)
Auckland International Airport Limited has recently appointed Carrie Hurihanganui, as its new head.
Infact, Ms Carrie would be the first Chief Executive in the history of the Auckland Airport. She would assume office early next year.
On 8 October, at the closing bell, Auckland International Airport dipped by 1.25% at NZ$7.900.
Related Read: Auckland International Airport (NZX:AIA): Is it on track to deliver robust results?
Air New Zealand Limited (NZX:AIR)
Air New Zealand Limited has released its investors' update for August 2021 wherein it had reported having carried 503,000 passengers in the said month, up 43.9% when compared to pcp.
Also, it has intimated all its stakeholders about the departure of its Chief Operating Officer, Carrie Hurihanganui. Further, AIR would hold a virtual ASM on 28 October.
On 8 October, at the closing bell, Air New Zealand fell by 0.29% at NZ$1.695.
Must Read: Five NZX travel stocks to look at amid border closure and paused travel bubble
Tourism Holdings Limited (NZX:THL)
Tourism Holdings Limited is NZ’s famous provider of rented holiday vehicles. Owing to the climb in the cases of Delta variant in NZ, on 21 October, THL has scheduled its virtual Annual Meeting of shareholders.
Here, THL intends to pass resolutions related to the re-election of its directors as well as fixing the auditor’s fees for the forthcoming year.
On 8 October, at the closing bell, Tourism Holdings gained by 3.33% at NZ$2.790.
Related Read: Is there any respite from pandemic to 3 NZX travel and tourism stocks?
Serko Limited (NZX:SKO)
Serko Limited focuses on providing innovative solutions for travel management. The Company has recently conducted its online Annual Meeting wherein resolution was passed to re-elect Robert Shaw as SKO’s director.
Do Read: Which are 5 NZX technology stocks with healthy 6-month returns?
Also, the Board was authorised to determine Deloitte, its auditor’s remuneration.
On 8 October, at the closing bell, Serko rose by 0.38% at NZ$7.910.
SkyCity Entertainment Group Limited (NZX:SKC)
Auckland-based, SkyCity Entertainment Group Limited is a famous gambling and entertainment company. Owing to the NZ Government's announcement of moving the Waikato region, including Hamilton CBD to alert level 3, the Company has closed its Hamilton-based facilities.
Moreover, its Auckland property too, remains closed in wake of the rising in Covid-19 cases across the city.
However, its Queenstown property continues to remain open with requisite safety and health measures being followed.
On 8 October, at the closing bell, SkyCity Entertainment Group gained by 0.30% at NZ$3.300.
Can’t Miss Reading: SkyCity (NZX:SKC): How is the gaming stock coping with level 4 lockdown?
Bottom Line
The ongoing pandemic has severely impacted all the sectors of the economy, with the travel and tourism sector bearing the maximum brunt. However, governments across the globe are aware of the situation and are taking necessary and cautious steps for the revival of the sector.