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Grant Webster: Tourism Holdings Ltd CEO on the impact of Trump's tariffs on bookings in the US division
One of the first locally listed companies is seeing the impact of Trump’s tariffs.
Tourism Holdings Limited has seen a dramatic slowdown in bookings by its US division and is anticipating a “significantly” 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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