Are Travel Agents on the Way Back?
Two updates yesterday from mid-level operators Helloworld and Corporate Travel Management suggest a rising degree of optimism about the future for the travel industry.
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Helloworld Travel Limited
Helloworld Travel Limited is a travel-distribution company headquartered in Australia, providing international and domestic travel products and services to clients around the world.
Publicly listed on the Australian Stock Exchange (ASX:HLO), HLO is a global travel organisation with a diverse array of brands across four key pillars of business: Retail, Corporate, Wholesale and Inbound.
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News
COVID Leaves Sydney Airport in Ruins
There seems little hope of a quick return to travel and tourism anywhere near pre-COVID levels, leaving airlines, airports and travel companies starkly exposed.
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BWX, Helloworld Join Covid Capital Raising Club
Melbourne-based skincare brand owner BWX and Brisbane based travel group, Helloworld have joined the growing list of companies raising funds from the market with news they are looking for around $50 million each.
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Helloworld Farewells Staff As Flight Centre Cancels Dividend
The travel sector is now a wasteland as the COVID-19 virus continues to wreak havoc across here and across the globe. Helloworld will make 275 staff redundant and temporarily stand down 1300 more workers while Flight Centre has cancelled $40.1 million worth of interim dividend payments.
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Travel Agents Fear Fallout As Thomas Cook Collapses
The collapse of UK travel company, Thomas Cook after 178 years in business will leave an impact across every part of the global holiday and business travel businesses, with costs estimated to easily top $A2 billion.
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Analyst Views
HLO – Morgans rates the stock as Add
The analyst maintains the Add rating given upside to the target price, which is now set at $3.03, up from $2.95.
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