KEY POINTS:
A buoyant tourism market has prompted fund manager MFS to upgrade the outlook of its Stella Group travel business.
Stella has two arms, a hotel group in New Zealand and Australia that includes the Peppers and Mantra chains as well as a network of transtasman travel agencies that includes Harvey World Travel and Gullivers.
MFS is now forecasting Stella's growth in earnings before interest, tax, depreciation and amortisation (ebitda) to exceed A$100 million, for the six months to December 2007.
