Search Follow us


Tourism Holdings

EdisonTV | Travel & Leisure | 21/10/2015

Executive Interview - Tourism Holdings Ltd

Tourism Holdings (THL) is a New Zealand-based provider of tourism products for the ‘roam free’ free independent traveller (FIT) market. It has operations in New Zealand, Australia, the UK and the US. Its main product is motorhome rental and it also offers attractions and guided tours in New Zealand. Its objective is to restore ROCE to a long-term average of 14%.This target is expected to be reached in FY16.

The company’s CEO Grant Webster explains that as the largest recreational vehicle operator in the world it has scale and is well placed to benefit from the strength of the global tourism market. The company’s product is well placed to meet the needs of the ‘experience seeker’ and its strong balance sheet enables it to take advantage of acquisition opportunities. Growth expectations are for a 50% increase in NPAT from the existing businesses by 2019. Dividend payout ratio is expected to remain at 75-90% of NPAT and current yields are ~8%.

» Tourism Holdings overview & latest research