NZ's Tourism Holdings rises on tariff-induced cost mitigation measures

Tourism Holdings

09/04/2025 04:46

** Shares of Tourism Holdings THL.NZ rise 2.8% to NZ$1.5093, on track for their strongest session since March 25, if gains hold

** The tourism co expects that about half of its 2025 new RV fleets will be moved into Canada from the U.S. before the 25% Canadian tariffs on U.S. imported vehicles take effect to mitigate cost impacts

** Co sources 100% of its Canadian RV fleet from manufacturers in the U.S.

** Stock down 18.1% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))