Tourism Holdings has issued an earnings upgrade after a better-than-expected performance by its US RV rentals company and a rise in motorhome rentals following the Christchurch earthquake.
The listed firm runs rental companies including Maui and Britz, the Kiwi Experience bus and the Waitomo Caves.
It had issued a profit downgrade in February, warning a severe drop-off in bookings would cause its books to plunge $4 million into the red.
But Tourism Holdings' chief executive Grant Webster says there's been a strong improvement since then and the company has now pared back its forecast full year loss to $1.4 million.
The company is predicting a $6 million profit for the 2012 financial year due to reduced costs and the positive effect of the Rugby World Cup on its rentals and tourism businesses.
