The slashed earnings forecast for Tourism Holdings is largely due to sinking vehicle sales.
The dual-listed camper van and tourism company now expects net profit for the year to be around $53 million, instead of $75 million.
Stock value dropped 32% following the news.
Chief Executive Grant Webster told Mike Hosking that when it comes to tourism, the peak season is still looking positive.
But he says the current winter season has been down more domestically than expected.
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