Surge in sales of RVs in the USA.
https://www.bloomberg.com/news/artic...-profitability
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Surge in sales of RVs in the USA.
https://www.bloomberg.com/news/artic...-profitability
https://www.tvnz.co.nz/one-news/new-...=6157367616001
Other than looking like a film star, this guy was worth listening to.
Maybe there is some hope for our tourism industry ? PROVIDED Australia can get to a similar COVID status to NZ.
Lots more talk over the last 24 hours about the trans Tasman bubble. Australia even wanting Fiji to be included.
Should be an interesting couple of weeks. Australia kids go to school soon, a return to normal for most. More pressure will be applied to both governments to formalise I plan for travel.
Sure - but whatever it is - don't forget that the Americas (US, Mexico, South America) as well as East Europe / Near East / and Middle and north Asia (Russia, India) currently developing into the new Corona hot spots with more infected people than ever - and no interest or ability of the relevant governments to do something about it.
This means even if we are optimistic and assume that at some stage s well e.g. Taiwan and some other sensibly governed countries might be part of our travel bubble, and even if we are able to add China, we are still talking only something like 30 to 40% % of what we had before in numbers. Might help some of our tourism operators to survive, but it will take a long time until they are back to previous profits (which in THL's case have been unsustainable anyway - from memory they used to pay their dividends even in the best of times out of their capital).
I think a fair percentage of Kiwi's are going to perceive that a rental motorhome is possibly a safer option than using a rental car and a wide variety of motels as one travels around the country. How many will be prepared to pay anything like the (up to $500 a day peak rate), next summer is anyone's guess but I think heavy discounting will be the norm for the foreseeable future. If they can get the cost of a decent 4-6 berth campervan down to $250 - $300 per day I think that's something Kiwi's and Australian's will embrace. Whether that sort of pricing and reduced demand is sufficient for THL to have a viable business model, frankly I wouldn't have a clue but I think we are several years away from international tourism demand returning to anything like 2019 level's, if in fact that ever happens.
Fair comment, Beagle, but what are all these stray apostrophes doing in your usually cogent composition?
;)
Some positive North American RV sentiment research post COVID published by Thor Industries, a top end RV manufacturer
https://ir.thorindustries.com/invest...T/default.aspx
While they have a vested interest, a lift in sentiment is positive for THL’s US fleet resales and domestic rental demand for the coming summer season.
Tourism New Zealand infomercial for THL's campavans. 29-69 bucks a day. https://www.stuff.co.nz/travel/back-...their-backyard
Bloody good deal... No one way fees.. Only $10 p/d for nil insurance liability... Includes 2 long weekends and school holidays..
Good to see them doing something to try to stimulate the market.. May pick up a few long term customers out if it...
Even take your dog!!
Finally, (albeit with a hefty $100 cleaning fee)...that particular impediment for animal lovers is removed, ironically for us, not that long after we lost our last 2 to old age issues last year. Mrs B and I have often remarked how we would love to have taken a campervan trip and brought our dogs along with us.
For me, this sort of activity is something to be enjoyed in summer or early autumn. If they do a decent special this summer for Kiwi's I'd be interested.
I can't get a 4-berth as far out as October and my December request they will get back to me on....maybe thats why the SP is going up....huge demand obviously at a lower price, as long as thats a price they can make at least some profit after costs and depreciation
on fire lol mentioned on the air thread air/thl on fire a week back. could be the rumour thl campvans are all going to kiwibuild lol
I just dont see it, prices just to partly cover overheads, and the SP nearly back to its usual, before COVID. Have they forgotton the last three months. I think that when 1st half results for periods covering the mar/Apr/May/June periods will bring a lot of investors down to earth very quickly,
This might be the reason the sp has shot up. Leaky boat somewhere. Hard to see why this wasn't released as price sensitive to the market.
https://www.stuff.co.nz/travel/news/...tourism-groups
At the end of the day the tourism market will decide what happens.A sugar fix?Maybe