Tourism Holdings Limited history

In 1988 the company first entered the motorhome market, with the purchase of Maui Rental Campervans and the Mount Cook Group motorhome fleet.

- In 1995 60% of the RV manufacturing business CiMunro was acquired, with the remaining 40% acquired two years later.

Steady growth, strategic investments and acquisitions changed the nature of The Helicopter Line and in 1996 the company changed its name to Tourism Holdings Limited (thl) to more accurately reflect its diverse stable of tourism experiences, attractions and vehicle rental operations.

- Britz Motorhomes, operating in New Zealand and Australia, was acquired in 1999.

- The Legendary Blackwater Rafting Company and the licence to operate Ruakuri Caves at Waitomo were acquired in 2003.

In 2005 a fire destroyed the Waitomo Caves Visitor Centre.

In 2007, the company commenced a significant strategic realignment to change the asset mix of the group with a focus on the motorhome rentals businesses, with Maui, Britz and Mighty brands across New Zealand and Australia.

In pursuit of growth and leveraging a core competency in running motorhome businesses, thl acquired the US based Road Bear RV Rentals and Sales in 2010, and has since grown the business with additional fleet and locations.

In 2012 thl led a consolidation of the NZ motorhome rental industry in merging with KEA Campers and United Campervans.

The second initiative around fleet was the launch of Mighway in New Zealand in November 2015, a peer to peer RV rental business, thl's entry into the sharing economy.

In April 2016 the company announced that it brought forward the target date for achievement of the $30M NPAT target to FY18.

Following the success of the owner model fundamentals in New Zealand, thl announced it would be launching Mighway in the USA sometime in Q1 2017.