A major Australian holiday park company has gone on a spending spree in the Northern Territory, snapping up three properties over the last 12 months.
The ABC reports the G'Day Group's purchases include Kings Canyon Resort, Glen Helen Resort and the MacDonnell Range Holiday Park in Alice Springs, as well as the El Questro resort just over the border in Western Australia.
Chief executive Grant Wilckens said the firm was happy with the $75 million spend — $60m of which went on the NT businesses.
"The reality was that the portfolio that we bought from Delaware North – which is our El Questro, Kings Canyon and a property in Sydney – was probably underinvested," he said.
Mr Wilckens said the American conglomerate ran airports and football stadiums in the United States.
"COVID-19 has obviously smashed those markets and so they were quite keen to exit," he said.
But Mr Wilckens said he did not expect tourism in the NT to be back at full strength anytime soon.
"It looks quite challenging," he said.
"I'd be quite concerned that the Territory is going to be probably constrained and closed for much longer than what we'd like.
"I'd love to see it opened around Christmas, but it looks like to me that you'll be closed for for much longer, which is not great … for our businesses, obviously — it's probably good for health and good for communities."
Nonetheless, Mr Wilckens said he was optimistic about the enduring popularity of caravanning in Australia.