1
00:00:00,200 --> 00:00:03,000
Speaker 1: Right now, we're doing camp and van sales and rental

2
00:00:03,040 --> 00:00:04,359
Speaker 1: company tourism holdings.

3
00:00:04,400 --> 00:00:04,680
Speaker 2: Why.

4
00:00:04,920 --> 00:00:08,639
Speaker 1: They have reported a sharp, sharp decline in profits, describing

5
00:00:08,640 --> 00:00:11,520
Speaker 1: it as the most difficult period for the RV sales

6
00:00:11,560 --> 00:00:14,760
Speaker 1: industry in decades. The firm reported a net profit of

7
00:00:14,920 --> 00:00:17,960
Speaker 1: twenty five point three million dollars. Now, that's down thirty

8
00:00:18,000 --> 00:00:20,720
Speaker 1: six percent on the period privass for the six months

9
00:00:20,760 --> 00:00:23,920
Speaker 1: to December. Grant Webster's the chief executive. He's with me now,

10
00:00:23,960 --> 00:00:27,000
Speaker 1: high Grant yet, Ay, Ryan, thanks for being with me.

11
00:00:27,560 --> 00:00:28,920
Speaker 1: So this has been a tough time.

12
00:00:30,280 --> 00:00:33,280
Speaker 2: Yeah. On the RV sales side, it certainly has, and

13
00:00:33,360 --> 00:00:36,120
Speaker 2: that's around the globe. It's a very common sort of

14
00:00:36,120 --> 00:00:39,440
Speaker 2: phenomenon that we've seen everywhere. But pleasingly, the sort of

15
00:00:39,440 --> 00:00:43,159
Speaker 2: the tourism side, the rental side has actually been really positive,

16
00:00:43,159 --> 00:00:44,560
Speaker 2: going from strength to strength.

17
00:00:44,479 --> 00:00:45,960
Speaker 1: And especially in New Zealand.

18
00:00:46,040 --> 00:00:50,400
Speaker 2: Right Yeah, New Zealand's been our standout performer and really

19
00:00:50,440 --> 00:00:54,480
Speaker 2: big increase twenty plus percent increase in revenue, and fleet's

20
00:00:54,480 --> 00:00:56,960
Speaker 2: gone up accordingly, and we've had a good summer.

21
00:00:56,800 --> 00:00:59,000
Speaker 1: Which doesn't make sense to me because you look at us,

22
00:00:59,040 --> 00:01:01,360
Speaker 1: we're one of the few country who's still left without

23
00:01:01,720 --> 00:01:03,920
Speaker 1: you not back to one hundred percent pre COVID levels

24
00:01:03,920 --> 00:01:06,160
Speaker 1: in terms of our tourism numbers, and yet you're you

25
00:01:06,240 --> 00:01:07,960
Speaker 1: guys are doing well.

26
00:01:08,120 --> 00:01:11,400
Speaker 2: I look basically essentially in the countries that we operate,

27
00:01:11,480 --> 00:01:14,520
Speaker 2: no one's back to that level yet. And so you know,

28
00:01:14,640 --> 00:01:17,479
Speaker 2: we were one of the last reopening and that's had

29
00:01:17,520 --> 00:01:19,679
Speaker 2: this lag effect that we're still sort of seeing the

30
00:01:19,720 --> 00:01:22,560
Speaker 2: benefit from that. One of our core markets is Germany.

31
00:01:22,640 --> 00:01:24,679
Speaker 2: Germany has been one of the slowest to recover, so

32
00:01:24,840 --> 00:01:27,280
Speaker 2: we've still got that bounce still to come and we're

33
00:01:27,280 --> 00:01:28,399
Speaker 2: benefiting from it. Now.

34
00:01:28,600 --> 00:01:31,560
Speaker 1: Interesting, do you know, do you guys forecast when we

35
00:01:31,640 --> 00:01:33,520
Speaker 1: might get back to that level? Is this something that

36
00:01:33,640 --> 00:01:35,480
Speaker 1: you know, I mean, it's obviously a number you guys

37
00:01:35,480 --> 00:01:36,120
Speaker 1: are interested in.

38
00:01:37,400 --> 00:01:39,880
Speaker 2: Yeah. Look, I mean that's more of a personal opinion

39
00:01:39,880 --> 00:01:42,840
Speaker 2: based on the broader industry. I think it's sort of

40
00:01:42,880 --> 00:01:45,480
Speaker 2: twenty seven to twenty eight summer season is probably when

41
00:01:45,480 --> 00:01:47,280
Speaker 2: it's going to happen. It's it's not going to happen

42
00:01:47,319 --> 00:01:49,440
Speaker 2: in the next twelve eighty months.

43
00:01:49,720 --> 00:01:52,120
Speaker 1: Have you noticed a change in the types of tourists

44
00:01:52,160 --> 00:01:54,600
Speaker 1: that you're seeing in the New Zealand market?

45
00:01:55,760 --> 00:01:58,440
Speaker 2: You know what, it's actually quite quite boring. That question

46
00:01:58,560 --> 00:02:00,360
Speaker 2: in away from the way that I am through it,

47
00:02:00,400 --> 00:02:05,640
Speaker 2: because trend is returning to trend. Everything's going back to

48
00:02:05,680 --> 00:02:08,120
Speaker 2: how it was pre COVID, the same types of customers

49
00:02:08,160 --> 00:02:12,359
Speaker 2: from the same markets, fortunately spending more and staying a

50
00:02:12,360 --> 00:02:13,000
Speaker 2: little bit longer.

51
00:02:13,320 --> 00:02:16,160
Speaker 1: That is not boring at all. That is exactly what

52
00:02:16,200 --> 00:02:19,240
Speaker 1: we want to hear. Thanks returning to normal and with

53
00:02:19,360 --> 00:02:22,480
Speaker 1: a bit more money to boot exactly exactly.

54
00:02:22,560 --> 00:02:24,919
Speaker 2: Yeah, No, tourism. Tourism I think is in a good space.

55
00:02:24,960 --> 00:02:26,919
Speaker 2: I mean, look at the announcements from the government over

56
00:02:26,960 --> 00:02:30,600
Speaker 2: the last few weeks. It's very, very positive. It's been

57
00:02:31,120 --> 00:02:33,480
Speaker 2: years since we've had that kind of positive commentary from

58
00:02:33,520 --> 00:02:35,920
Speaker 2: the government, so ye're really supportive of it. We're in

59
00:02:35,919 --> 00:02:36,400
Speaker 2: a good place.

60
00:02:36,520 --> 00:02:39,359
Speaker 1: Does that change the way that you go about your business?

61
00:02:39,400 --> 00:02:41,640
Speaker 1: Does that change the way you invest or where you invest?

62
00:02:41,639 --> 00:02:43,440
Speaker 1: When they talk like that, This.

63
00:02:43,520 --> 00:02:47,400
Speaker 2: Short answer is yes. You know, when you've got choices

64
00:02:47,440 --> 00:02:49,480
Speaker 2: around the world and you've got a government that is

65
00:02:50,560 --> 00:02:53,600
Speaker 2: talking about how they drive growth and the incentives to

66
00:02:53,680 --> 00:02:57,200
Speaker 2: drive growth, then you your capital expenditure moves accordingly and

67
00:02:57,240 --> 00:03:01,280
Speaker 2: you get more confidence. So absolutely, I think we are

68
00:03:01,320 --> 00:03:04,639
Speaker 2: more bullish about New Zealand tourism than what we were

69
00:03:04,960 --> 00:03:05,639
Speaker 2: four months ago.

70
00:03:06,040 --> 00:03:08,840
Speaker 1: Interesting stuff, Grant, Thank you for that, Grant, Webster Tourism Holdings,

71
00:03:08,919 --> 00:03:09,680
Speaker 1: Chief Executive.

72
00:03:10,280 --> 00:03:13,440
Speaker 2: For more from Heather Duplessy Allen Drive, listen live to

73
00:03:13,520 --> 00:03:16,560
Speaker 2: news talks. It'd be from four pm weekdays, or follow

74
00:03:16,600 --> 00:03:18,360
Speaker 2: the podcast on iHeartRadio