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Trans-Tasman bubble likely to lead to higher tourism costs

Photo: 123RF The travel and tourism industries were anxiously awaiting the government s announcement on the proposed trans-Tasman quarantine-free travel bubble later today, with some companies needing just 24 hours to prepare, while others, such as Auckland Airport and Air New Zealand, want about three weeks notice. A trans-Tasman bubble will initially see the return of Australian tourists, which accounts for about 41 percent of New Zealand s international travel, or about 30 percent when connecting international flights are excluded. Hotel Council Aotearoa strategic director James Doolan said hotel operators were looking forward to a two-way bubble, but it would not mean a return to business-as-usual.

Trans-Tasman bubble: Cheap domestic holidays are under threat

Trans-Tasman bubble: Cheap domestic holidays are under threat
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For the first time in 132 years Māori artists are exhibiting their work at Waitomo Caves

Artist Moera Anderson is a fifth generation descendant of Tinorau and helped organise the exhibition in just seven days. “It has been a long time, 132 years, but we’re looking at this from a positive perspective. It shows we are kaitiaki, or guardians of the land, of the caves. Dominico Zapata/Stuff Carver Danny Lurman using his uhi and whao, his mallet and chisel, to create a waka huia as part of the exhibition. “It shows finally we are having that relationship with the companies, the business owners [of the glowworm caves].” Anderson described it as a “marriage between business and traditional owners”.

Tourism Holdings first half profit falls

Photo: Unsplash / Hanson Lu It reported a net loss of $1.8 million for the first half of the financial year, down 114 percent on the year earlier when it made $13m. During the period the company worked hard to bring down debt levels - down from $175m in March last year, to $22m at the end of December. This was done mostly though selling its vehicle fleet, with a 132 percent increase in global vehicle sales revenue compared to the year before, contributing to overall revenue down only 1 pct year-on-year. Chief executive Grant Webster said that freed up cash and allowed the business more flexibility across its various markets.

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