Latest Tourism News

Millennium & Copthorne Hotels New Zealand (NZX:MCK) reported a 12% revenue increase and a 58% rise in profit before tax for the first half of 2026, driven by hotel refurbishments and growing room availability despite softer property sales.

Experience Co’s Q4 FY26 revenue held steady despite a 4% drop in its Skydive Australia segment, offset by gains in Adventure Experiences. Operating costs and fuel price pressures weighed on profitability, while strategic moves signal a reshaping of the skydive business.

Vection Technologies has turned a corner with its first full-year positive operating cash flow, underpinned by $41.5 million in customer receipts and over $17 million in new orders announced around the year-end.

Tourism Holdings Limited has upgraded its FY26 underlying net profit after tax to around $46 million, beating earlier guidance. The company reports strong vehicle sales in New Zealand and robust late bookings, particularly in North America, while net debt ended lower than expected.

Coast Entertainment has unlocked a major milestone with Queensland Government approval for its Coomera landholding development, while reporting robust FY26 trading with double-digit growth in ticket sales and revenue.

International Equities Corporation Ltd (ASX:IEQ) posted a modest profit for the June 2026 quarter, reversing prior losses amid a challenging economic backdrop that forced the company to exit its hotel and tourism activities.

29Metals reported a mixed June quarter with lower copper but higher zinc production at Golden Grove, steady safety metrics, and ongoing development progress including Xantho Extended mining restart and Gossan Valley first ore on track. Capricorn Copper's restart hinges on regulatory approval and a definitive feasibility study due by year-end.

Experience Co has agreed to merge its Australian and New Zealand skydive and aviation businesses with Inflite Group under a new NZ holding company, receiving $41 million cash and retaining a 32.5% stake.

Savannah Goldfields has obtained a critical Environmental Authority for its Agate Creek project, enabling mining to resume this quarter and targeting 36,800 ounces from Ore Reserves over two years.

Zeotech Limited has extended its offtake agreement with Jiangsu Mineral Sources International Trading Co. to April 2027, while completing a major drilling campaign and securing key environmental and infrastructure approvals at the Toondoon Kaolin Project.

Orthocell has secured a strategic foothold in Thailand's $84 million nerve repair sector by appointing MediTime as exclusive Remplir distributor, leveraging established clinical networks to accelerate market penetration.

Tourism Holdings Limited has received a fresh non-binding indicative offer from a credible strategic buyer at NZ$3.30 to NZ$3.40 per share, while continuing negotiations with the BGH Consortium over due diligence access.