With international travel having come to a standstill since the onset of COVID-19, it’s been tough sledding for the tourism industry, but participants are finding help amongst their fellow brethren with Helloworld Travel (ASX: HLO) acquiring cruise wholesaling specialist, CruiseCo. Acquired for an undisclosed amount, cruise tourism has been decimated by the pandemic with the
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With Queensland’s swift management of COVID-19, the Sunshine State is set to recover quicker than its southern neighbours and the State Government is aiming to restart its tourism industry via a $69.9m support package for Ardent Leisure (ASX: ALG) which will re-open Dreamworld and WhiteWater World in September. The financial assistance packages totaling $69.9 million
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As a sombre storyline attached to the global outbreak of COVID-19, it has become inevitable that the services industry has been decimated, most evidenced by Qantas’ decision to stand down 20,000 of its workforce, and others will follow. The Qantas decision comes after yesterday’s national address from Prime Minister Scott Morrison who forewarned Australia that
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