the podcast on
One of the first locally listed companies is seeing the impact of Trump鈥檚 tariffs.
Tourism Holdings Limited has seen a dramatic slowdown in bookings by its US division and is anticipating a 鈥渟ignificantly鈥 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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