Tag: Australian

These Australian Firms Seen as Winners From Global Border Curbs

(Bloomberg) — Australians eager for a getaway after months of coronavirus lockdowns are likely to spark a domestic travel recovery as international borders remain closed, according to RBC Capital Markets.

“With a potentially increased number of consumers shifting overseas holiday dollars to domestic trips in the coming months, a number of travel companies under coverage are well placed to capture a share of this demand,” RBC analysts led by Tim Piper wrote.

The nation’s travel-booking firms plunged this year as border curbs and social distancing measures dampened demand. Flight Centre Travel Group Ltd. and Webjet Ltd. both tapped shareholders for

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Australian officials warn against travel to new coronavirus hotspots

SYDNEY (Reuters) – Australian officials tried to contain a fresh outbreak of the novel coronavirus on Monday, telling residents in the cluster hotspots to avoid travel outside their suburbs in Melbourne, the country’s second-largest city.

Victoria state of which Melbourne is the capital has recorded double digit rises in new COVID-19 infections, accounting for nearly 90% of the 126 cases detected nationally over the past week.

“At the moment the recommendation is simply an advisory, a strong advisory, where what we don’t want is people to come from those areas to other parts of Victoria, or interstate,” Australia’s Chief Medical

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