Despite omicron related fears looming, travel tech company Alloggio (ASX: ALO) made their ASX debut this month with a $45 million float. The vacation accommodation platform chose to go ahead with their IPO just in time for the holiday season where more Australians are likely to ‘holiday at home’, rediscovering domestic offerings. With their share
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With the opening of borders just around the corner, Aussies are keenly booking trips to see friends, family or just another city. With the uptick in bookings, the travel industry is slowly but surely snapping back to resemble its pre-COVID self. Travel booking behemoth Webjet (ASX: WEB) is glad to see demand growing again in
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News of the international travel bubble between Australia and New Zealand is music to the ears of Qantas (ASX: QAN) CEO Alan Joyce, who has probably endured the toughest gig amongst top executives having had to navigate $11 billion in lost revenue through no fault of their own. While the airfares will be one way
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Property development and management company Ingenia Communities Group (ASX: INA) is set to capitalise on a tumultuous 12 months endured by the tourism sector by splashing $53.4m to acquire holiday parks in Victoria and New South Wales to expand their holiday destinations portfolio. The new properties acquired are BIG4 Inverloch Holiday Park in Victoria and
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With the support of a $150 million investment from private equity firm PAG Asia Capital, Regional Express Holdings (ASX: REX) is hoping to resume domestic flights between its major cities network by March 2021 after operations were decimated by pandemic travel restrictions. Exclusive negotiations are underway, but the proposed funding would be an investment in
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Following last night’s national address by Prime Minister Scott Morrison, introducing an overseas travel ban, Virgin Australia (ASX: VAH) has made the difficult decision to ground 125 of its aircraft and stand down 80 per cent of its workforce. The move follows a similar one employed by Qantas (ASX: QAN) however, Virgin’s greater reliance on
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