Tourism Holdings Update Confirms RV Sales Picture -- Market Talk

Dow Jones07-09

0018 GMT - Tourism Holdings' latest trading update confirms to Wilsons analyst Ben Wilson that global RV sales have yet to improve. He points out in a note that in the U.S. at least, lower vehicle sales are the biggest reason why Tourism Holdings' earnings are weaker. U.S. rentals have also been hit by reduced inbound tourism, he adds. The key positive that Wilson takes from the update is the improved rental outlook in Australia and New Zealand from overseas tourists, improved domestic demand and an expanded fleet size. Wilsons trims its target price on the company's Australia-listed stock 2.8% to A$2.12 and maintains a marketweight rating. Shares are flat at A$1.96. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 08, 2025 20:18 ET (00:18 GMT)

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