Tourism Holdings to be ‘significantly under’ full-year profit projections

Recent global geopolitical and tariff developments have significantly weakened the operating environment for Tourism Holdings (THL). In an update to the New Zealand stock market, the business said it expects its underlying net profit after tax (npat) for the 2025 financial year to be “significantly under” the current analyst consensus of $45.2 million.

According to the business, the decline in consumer confidence and weak operating environment have resulted in a decline in vehicle sales demand, impacting volumes and margins in all countries. THL is the world’s largest provider of commercial RV (recreational vehicle) rentals. The company also acknowledged the wider pressures faced on inbound travel to the US, causing a substantial slowdown in new bookings and elevated cancellations of bookings for the US rentals’ high season.



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