Grant Webster: Tourism Holdings Ltd CEO on the impact of Trump's tariffs on bookings in the US division
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
One of the first locally listed companies is seeing the impact of Trump’s tariffs.
Tourism Holdings Limited has seen a dramatic slowdown in bookings by its US division and is anticipating a “significantly” lower net profit than previously expected.
Its share price fell more than 10% after announcing it was downgrading its earnings outlook.
CEO Grant Webster told Francesca Rudkin in recent weeks, the booking intakes for the rentals division into the US are down 40-50%.
However, he says people are simply choosing to travel elsewhere, and their other markets are actually up.
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