- NZ allows visitors from 60 different countries, including most from Europe and the Americas, as well as parts of Asia and the Middle East
- Tourism Holdings completes the sale of its Mighway and SHAREaCAMPER businesses
- Air New Zealand rights offer closes today
New Zealand’s travel sector is brimming with confidence as the country has opened its borders to visitors from around 60 visa-waiver countries.
Without any isolation requirements, vaccinated visitors can now travel to Kiwiland with a pre-departure test and then self-test on arrival.
These 60 visa-waiver countries include the US, the UK, Singapore, Canada, Germany, Japan and South Korea among others.
Thousands of international passengers are reaching the Kiwi shores today by around 25 flights at Auckland, Christchurch and Wellington international airports.
Amid this backdrop, let us look at the three NZX-listed travel stocks- Tourism Holdings Limited (NZX:THL), Auckland International Airport Limited (NZX:AIA) and Air New Zealand Limited (NZX:AIR).
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Tourism Holdings Limited (NZX:THL)
Listed in 1986 on the NZX, Tourism Holdings Limited is a leading provider of holiday campervans across Australasia and the US. Today, the Company has announced the completion of selling its Mighway and SHAREaCAMPER businesses to Camplify Holdings Limited.
The said deal had been fixed at AU$7.37 million and will help THL maintain its presence in the peer-to-peer sector across NZ as well as derive leveraging benefits of scale that Camplify has attained in Australia.
At the time of writing on 2 May, THL was down by 0.33% at NZ$2.990.
A few days ago, Auckland International Airport Limited shared its monthly traffic update for February 2022 and had also given insights into March's traffic preview.
Total passenger volumes declined by 19.9% in February 2022, while in March 2022, it dipped by 14.8% in comparison to pcp.
Further, it was noticed that during early February, domestic demand was high but owing to the Omicron outbreak, the same gradually saw a drop in numbers; however, the situation started to improve towards March-end as the infection rate started to dip.
Moreover, due to the removal of isolation requirements for arriving in Kiwiland, a rise in the international passenger demand was witnessed in March.
At the time of writing on 2 May, AIA was rising by 0.45% at NZ$7.870.
Air New Zealand Limited will close its rights offer for eligible shareholders today at 5.00 pm (NZST).
Under the said offer, interested eligible shareholders will receive the right to subscribe to two new shares for every one existing share held in AIR on 5 April 2022, at NZ$0.53 per new share as its offer price.
At the time of writing on 2 May, AIR was dipping by 0.56% at NZ$0.880.
New Zealand’s travel industry is filled with enthusiasm owing to the relaxation of the nation's borders as the move will witness a gradual increase in visitor numbers, thereby giving a much-needed boost to Kiwi tourism.