http://www.stuff.co.nz/business/9193...d-be-subsiding
A bit unexpected. THL have forecast an increasing of 5.4% for annual visitor arrivals.
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http://www.stuff.co.nz/business/9193...d-be-subsiding
A bit unexpected. THL have forecast an increasing of 5.4% for annual visitor arrivals.
Easter was in March last year.
Also, capacity is increasingly an issue.
Meanwhile AIR reports an increase in passengers numbers...
Quote:
March market conditions Air New Zealand carried 1,613,000 passengers during the month of March, an increase of 5.2% compared to the same period last year.
Tourism roars past dairy as NZ's biggest export earner
http://www.nzherald.co.nz/business/n...ectid=11847120
Unsure of why THL is trading at such a discount, while the market piles on hefty multiples in just about every other sector.
Would i be right in saying the geopolitical tensions are turning people away from this company?
Unless USA and/or NZ ends up a nuclear wasteland I don't see any issues with the tourism industry, nor would my money be on my mind if that were the case.
MCK/THL are my tourism stocks, great long term horizon.
Anyone know when the updates are going to be? Normally there should have been an earning update end of last month.