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Tourism Holdings looking for growth options overseas
Tuesday Nov 24, 2015
"Tourism Holdings is scouting for new investment opportunities in campervans overseas and is starting a shared economy service matching any RV owner with renters. The company said New Zealand makes up about 50 per cent of its business now but that was likely going to decline as a percentage."
Room Check: A six-berth RV, Tapapakanga Park
Thursday May 12, 2016
Tristram Clayton checks into the Splore music festival near Auckland in a six-berth RV he found using Mighway - a peer-to-peer motorhome-sharing company.
"Possibly the best thing about arriving at a festival in a motorhome is that there's simply nothing to do. You arrive. You park. You get into the festival. No need for hours of setting up tents and beds. Of course leaving is just as easy. Sleeping in a proper bed and having your own toilet and shower also transformed the festival experience." Read more about Tristram's experience at the link below.
Tourism Holdings to buy El Monte US campervan business for US$65.3 million
Wednesday Dec 21, 2016
"For Tourism Holdings, the acquisition of El Monte will elevate it to the second-largest RV rental operator in North America behind rival Cruise America without increasing overall fleet numbers which could dent prices. El Monte allows Tourism Holdings to develop a broad-based RV rental and sales business in the US, similar to its New Zealand business, and its mix of international and domestic customers and older fleet is complementary to Tourism Holdings' smaller and more premium Road Bear operation in the US."
thl acquires El Monte RV Rental and Sales business
Wednesday, 21 December, 2016
"thl today announces the acquisition of the El Monte RV Rental and Sales business, based in North America, for an enterprise value of US$65.3M. The purchase price represents an EBIT multiple of 10.8x before fleet and operating synergies, compared to thl’s trading multiple of 11.9x. thl will implement a fleet rationalisation programme, property and operational synergies."