THL - Tourism Holdings

[Filthy]

I think we need to start charging a serious cost to pay for the infrastructure required so they're not doing their business on the side of the road by the lake.

full agree mate. from memory, I recently paid city tax in both venice and rome - which was about 5 euro a night pp (collected by the hotels 'on behalf of'). As a tourist, I didn't mind paying it at all. Don't think it will dent numbers coming to NZ if it was implemented - rather improve their experiences when they get here provided it is directly reinvested (rather than used for something else). It might even help boost numbers....

[iceman]

full agree mate. from memory, I recently paid city tax in both venice and rome - which was about 5 euro a night pp (collected by the hotels 'on behalf of'). As a tourist, I didn't mind paying it at all. Don't think it will dent numbers coming to NZ if it was implemented - rather improve their experiences when they get here provided it is directly reinvested (rather than used for something else). It might even help boost numbers....

I have a problem with a hotel tax as a solution to this. It does not deal with freedom campers that are causing a lot of the issues we are facing and having to fix. An arrival fee would be much fairer and simpler in my view. Any councils could also charge local taxes such as hotel taxes if they want, as long as the money gathered is used for the intended purpose.

[Beagle]

I have a problem with a hotel tax as a solution to this. It does not deal with freedom campers that are causing a lot of the issues we are facing and having to fix. An arrival fee would be much fairer and simpler in my view. Any councils could also charge local taxes such as hotel taxes if they want, as long as the money gathered is used for the intended purpose.

Agree 100%. My brother bought a so called self contained camper van the other day which I had a look at yesterday. Not really big enough to swing a cat. I don't know what the spec's are that are required to meet the definition of self contained but a porta potti and a 20L grey water containment tank seems to be stretching the credibility of the definition in my opinion. That porta potti has to be emptied and cleaned somewhere every couple / few days. He's probably a responsible chap but tourists here for a week or two...who knows ?
We definitely need a LOT more infrastructure and more staff to attend to it, something that's perfectly obvious to anyone trying to find an unoccupied clean public toilet anywhere in Queenstown in the busy summer season

[winner69]

Does increasing oil prices inhibit punters travel intentions?

thl will be ok won’t they?

[upside_umop]

Does increasing oil prices inhibit punters travel intentions?

thl will be ok won’t they?

I'd put THL in a similar bucket to AIR. I.e. THL and AIR are both highly leveraged to economic growth and oil prices. When oil prices increase, economic activity slows and prices increase. THL with their largely fixed costs, low margins and capital intensive business will suffer.....much like an airline does in times like these.

Without being too controversial, it I was betting oil was to continue to trend towards $100+ for the next 18 months, this is stock I'd be selling along with AIR NZ.

[winner69]

I see thl is added to MSCI Small Cap Index whatever that means.

[cymonger]

I see thl is added to MSCI Small Cap Index whatever that means.

Seems like it would be at least a marginally positive thing, no? Of all the stock I own, this is the one I'm on the fence about. Oil seems to be on the upward ride now. Don't think it will slow people coming to NZ in any meaningful way, but you never know long term. As others have pointed out, a tourism tax might help with the infrastructure issues. I've been to Costa Rica many times, and am always happy to pay the 35$ (ish) fee. I've already committed to traveling there, and this is just another minor expense.

Long term I think this continues to go up. No brainer really. But pretty stuck in the mud at the moment.

[sb9]

I see thl is added to MSCI Small Cap Index whatever that means.

With all exuberance of discussion around A2 being added to MSCI, looks as though everyone forgot about this one.

Nice one THL!!!

[minimoke]

I see thl is added to MSCI Small Cap Index whatever that means.

It means I'm going to have to get more canterbury Creme in as my portfolio continues to grow. (11% of it is in THL so happy with todays wee rise)

[sb9]

Quietly marching along, $6.45 now...