Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Tourism Holdings Limited update on Competitor Receivership

18 July 2013


Tourism Holdings Limited (“thl”) update on Competitor Receivership

thl has received formal communication from Pacific Horizon that it has been placed in receivership. This has also subsequently been reported in the New Zealand media.

thl has contacted the receivers to assist where possible in helping customers to continue with their campervan holiday. Grant Webster CEO said;

“Ensuring customers, especially those who have travelled from overseas, can continue their holiday plans is important from an industry perspective. With the largest range and fleet size in the industry thl is in the best position to assist. We will look to offer customers as close to an equivalent product and price as we can.”

thl will not however be purchasing or leasing any of the Pacific Horizon fleet.

thl is also working with offshore travel agents to assist with future bookings.

thl would also note that there is speculation from some media sources that the Pacific Horizon fleet will be “dumped” on the vehicle sales market. Mr Webster said “we doubt the vehicles will be dumped as there is simply no reason too. We are sure the financiers of Pacific Horizon will be looking for the best possible outcome for all stakeholders.”

Authorised by: Keith Smith Chairman Tourism Holdings Limited


© Scoop Media

Business Headlines | Sci-Tech Headlines


FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>

Statistics: Retail Card Spending Down 0.2 Percent In July
Retail card spending fell $11 million (0.2 percent) between June 2022 and July 2022, when adjusted for seasonal effects, Stats NZ said today... More>>

Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>

Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>

Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>