Sharechat Logo

thl market update - A frame work for 2021

Friday 31st July 2020

Text too small?

The company reports today that globally, the RV rental market has been materially affected the implementation of  travel restrictions due toCOVID-19 with the focus now turning to emphasising and encouraging domestic tourism in the near- term as international travel remains subdued 

• thl faces different circumstances and operating environments and has therefore tailored its  strategy in each country to best respond to the expected environment inFY21 in that region

• they are operating under the current assumption that thl will operate in a domestic-only environment in all operating jurisdictions for the majority, if not all, of FY21

• However, they are mindful of retaining key capabilities and resources within the business and the ability to efficiently meet demand when international travel  flows resume

• Without the international market, thl expects that  it has approximately35–45%excess fleet capacity on a global basis

• Given recent strong sales activity, thl’s current operating assumption is for vehicle sales volumes in FY21 that are at least similar to  normal  pre-COVID levels  - see the link for more detail.  

Framework for FY21 - 31 July 2020

Source: Tourism Holdings Ltd



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Steel & Tube Holdings Limited (NZX: STU) Appoints CFO
NZX Market Operations - Promisia Integrative Limited (“PIL”) - Name Change
The New Zealand Refining Company Limited (NZX: NZR) Operational Update for November/December 2020
Mercury NZ Limited (NZX: MCY) FY2021 EBITDAF Guidance Revised to $535 Million
Heartland Group Holdings Limited (NZX: HGH) Heartland Australia Group Issues Australian MTNs
Oceania Healthcare Limited (NZX: OCA) Half Year Result and Interim Report
Promisia Integrative Limited (NZX: PIL) Change of Company Name and Ticker Code
T&G Global Limited (NZX: TGG) Announces New Chief Financial Officer
Seeka Limited (NZX: SEK) Advises the DRP Strike Price
Sky Network Television Limited (NZX: SKT) Andrew Hirst Joins Sky as Interim CFO

IRG See IRG research reports