Campervan company Tourism Holdings is being hit hard by a tough economic climate, according to new reports.

The company's net profit for the six months ended December was $25.3 million compared to $39.7 million in the previous period - a 36 percent decline.

CEO Grant Webster says there's an upside - as New Zealand rentals and sales have gone from 'strength to strength'.

"New Zealand's been our standout performer, and a really big increase, a 20+ percent increase in revenue - and fleet's gone up accordingly and we've had a good summer." 

LISTEN ABOVE