The final closing date for Stream 2 applications under the Innovation Programme for Tourism Recovery has been extended by just over six weeks to 15 December 2023 from its initial 31 October deadline.
An electric hydrofoil venture targeting tourism is one of four new applicants to receive co-funding from the $44m programme.
Upper Hutt City Council is now accepting applications from local event organisers to support a range of diverse events in the city.
An estimated $35m from the IVL will also be available for tourism projects.
An accelerator programme, a tech expo, and industry workshops to foster innovation will be among the initiatives funded from $18.22m provided to tourism in Budget 2023.
Tourism Holdings Limited and its financial advisor on its Apollo Tourism & Leisure takeover, Jarden, have won the M&A Transaction of the Year accolade at the Institute of Finance Professionals in New Zealand Awards.
The government is investing $500,000 into the redevelopment of Timaru’s Fraser Park to transform the venue into a multi-event arena.
An $8m boost for Māori tourism will help support operators in their recovery from Covid-19 and to cope with increasing demand, says Minister of Māori Development Willie Jackson.
The Mackenzie Regional Events Fund has now opened for applications.
Hospitality New Zealand says the government’s Wellbeing Budget 2023 does not do enough to support small businesses.
Te Puia’s NZMACI receives nearly $6m and the Major Events Fund almost $18m.
Budget 2023 ensures the betterment of the tourism workforce but it also deals a disappointing funding cut to the innovation programme.
Skinks, fairy terms, frogs and other wildlife will benefit from new research and conservation thanks to Auckland Zoo’s 2023 Aotearoa-focused Small Grants programme.
The Tauranga Western Bay Community Event Fund has received an additional boost, bringing the total 2023/24 grant pool to $900,000.
NZ Māori Tourism, Matariki and Te Matatini also secure funding from Budget 2023.
The agency manages to maintain its budget for the 2023-24 year.
The figure is down on last year’s $288m.
Marlborough District Council has opened applications for its Manawatia te Kahui o Matariki Fund for 2023.
A $1bn cyclone funding recovery package will help rebuild crucial road and rail links wiped out by summer’s extreme weather, as well as install some future flood protection measures.
The airline also indicates potential pricing for its innovative Skynest rest pods.
Auckland International Airport has set an interest rate of $5.29% for its $150m five-and-a-half-year fixed rate bond offer.
Finance Minister Grant Robertson has declared Budget 2023 a “wellbeing budget” designed to balance the cost of living with higher-wage jobs and lower emissions and provide further support for regions affected by weather events.
ChristchurchNZ chief executive Ali Adams is confident the region’s destination management plan will be put into action despite no clear method as to how it will be funded.
The government’s $6m investment in the Winter Games will help drive southern tourism during the ski season and showcase New Zealand to the world.
Auckland Airport has launched its retail bond offer of up to $100m of five and a half year fixed rate bonds to New Zealand investors, with an ability to accept up to $50m in oversubscription.
Development West Coast has reopened its Regional Events Fund for application.
Auckland International Airport Limited is considering an offer of fixed-rate bonds to New Zealand retail and institutional investors, maturing in November 2028.
The government is underwriting $4.5m to support a new film studio in Wānaka.
The NZ hotel operator is in a joint venture to acquire a 5-star Sofitel for around $190m.
Distinction Hotels Group’s acquisition of the 253-room Mount Cook Hotel Collection has helped drive deal value past $100m already this year with more on the way, says agent JLL.
The operator says it is not planning a capital raise after the city’s mayor claimed it is about to launch a “major raising to fund the new domestic airport”.
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Air New Zealand has redeemed the remaining $200m of redeemable shares on issue to the Crown.
Up to $10 in govt co-funding is available for individual projects that could help the sector decarbonise and improve productivity and resilience.
SkyCity Entertainment Group Limited has entered into an agreement with two of its existing United States private placement holders to secure additional financing.
Hawke’s Bay Airport has posted revenue of $6.73m revenue for FY22, up slightly from last year, despite higher operating costs and the continued pressures from Covid on passenger numbers.
PurePods has raised $2.88m – well above its $2m minimum capital raise target – on crowdfunding platform Snowball Effect.
Air New Zealand has set an interest rate of 6.61% per annum for its 5.5-year $100m unsecured, unsubordinated, fixed-rate bond offer.
PurePods has hit its $2m minimum capital raise target through crowdfunding platform The Snowball Effect.
Auckland International Airport Limited is considering a fixed rate bonds offer, with maturity in May 2028, to New Zealand retail investors and institutional investors.
Air New Zealand Limited has launched a $75m bond offer with the ability to accept oversubscriptions of up to an additional $25m.
Stamford Plaza Auckland has been sold for $170m in the largest single hotel deal ever in New Zealand, says agent JLL.
Earlier guidance from August 2022 expected net profit to range between $17m – $30.2m.
The facility will help the operator reduce emissions and improve sustainability across its hotels.
Auckland Airport has completed an issue of $150m of floating rate notes to help refinance and provide liquidity.
The offer comes as the current $50m unsecured, unsubordinated, fixed-rate bonds reach maturity on 28 October 2022.
Ecotourism business and accommodation provider PurePods has reached more than $1m towards its first capital raise through crowdfunding platform Snowball Effect.
Polynesian Spa and Rainbow’s End owner Rangatira Investments has completed its capital raise to eligible existing and new wholesale investors.
The operator is investigating a private placement to help refinance, while boss Malcolm Johns nears the $1m CEO club.
Luxury eco-cabin accommodation provider PurePods is raising $4m to help develop 100 locations across the country over the next five years.
