(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