Ballylinch LP's partial takeover offer of Tourism Holdings Limited did not achieve the 50% of voting rights necessary to make the offer unconditional

Tourism Holdings is forecasting a $1 million net loss to break even first half result but has no guidance for the full year.

However, at the company’s annual meeting yesterday, chairman Keith Smith said it would resume dividend payments towards the end of the 2010 calendar year if early signs of improvement continued.

“The recovery curve for the tourism industry is still uncertain,” he said.