Travel is back on a roll but the best could be behind these two companies Posted in News from the Network by Sara Allen, Livewire Markets on August 30th, 2023. After a challenging few years for Australia’s travel and tourism industry, profits are well and truly back, surprising expectations. Reports indicate flight numbers and bookings are close to 2019 pre-covid levels (if not higher in some cases) and the companies in this sector are reaping the rewards. The reporting season has revealed signs that consumers are beginning to tighten their belts on the retail front and Jun Bei Liu from Tribeca Investment Partners (Core and Conference Fund Manager) believes the travel industry could be the next to feel the pinch. She believes there are indications that the best times are in the rearview for Qantas and Flight Centre. You can read the full article here. Disclaimer: This material has been prepared by Livewire, published on 30 August 2023. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.
