Tourism Holdings cuts profit outlook as takeover bid emerges

Private equity firm BGH Capital and the Trouchet family have increased their offer for Tourism Holdings to NZ$3.10 per share in cash. The consortium already holds nearly 20% of the multinational motorhome and tourism operator, which operates a fleet of over 8,500 vehicles. The company has meanwhile downgraded its earnings forecasts and expects to carry $70 million more debt by year-end.

Footage shows a pickup towing a caravan rear-ending an empty parked car and pushing it approximately 100 meters down the road before the driver fled the scene. Brad Short, whose boss's car was damaged, described the incident as bizarre, noting the vehicle sustained significant damage.

Maxus Automotive, led by former LDV distributor executives, has launched in New Zealand. The lineup includes two motorhomes, a campervan, five caravans, the eDeliver75 electric truck, and Sunwin electric buses. Motorhomes are sold through THL's RV SuperCentre network, while caravans are retailed directly. The company cites growing acceptance of Chinese brands and plans to add a ute-based off-road variant.

New Zealand campervan rental specialist Tourism Holdings Ltd reported revenue growth and high fleet utilization, while US-based Camping World Holdings posted lower revenue and profit due to weak demand for new RVs

Specialist broker GoShorty has expanded its portfolio by launching temporary motorhome insurance, with temporary taxi and temporary hire and reward car to follow. The temporary hire and reward car insurance is specifically for food and parcel delivery. The first product, temporary motorhome, offers flexible cover from 1 to 28 days.

Tourism Holdings Ltd (THL), a campervan rental specialist, has announced board changes. Long-serving independent director Gráinne Troute stepped down after approximately 11 years. The company continues to navigate a softer tourism environment and integrate recent acquisitions. THL shares trade on the NZX under ticker THL with a market capitalization of around NZD 475 million.