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New Zealand tourism sector shows mixed performance
New Zealand's tourism sector shows mixed performance across various segments. Māori tourism businesses and their employees have seen a decline from post-pandemic peaks. In the adventure tourism sector, Experience Co reported stronger skydiving results in New Zealand, which helped offset weaker performance in Australia.
Tourism Holdings Limited (THL) is navigating uncertainty regarding the future of the Waitomo glowworm caves. Meanwhile, the cruise industry is seeing growth, with Princess Cruises planning to double its port calls in New Zealand for the upcoming season. Air New Zealand noted that inbound demand is strengthening despite ongoing fuel price pressures.
Entities
Air New Zealand · Experience Co · Princess Cruises · Tourism Holdings Limited · Waitomo