I read somewhere some days ago that tourism grew 7% in 2017 worldwide, the fastest pace ever recorded. The NZ Tourism Forum is forecasting visitor numbers to NZ to grow from 3.5 million in 2016 to 4.9 million in 2023. Total tourism spend in NZ forecast to increase from $10 billion to $15.3 billion for the same period. THL is a core part of my portfolio and looking at numbers like this as well as THL's own forecasted numbers, I feel we are well positioned with this company to take advantage of this phenomenal growth in the industry.
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