N7220 Travel Agency and Tour Arrangement Services

US sees biggest drop in Australian visitors since Covid as travellers avoid Trump’s America

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Original article by Elias Visontay, Nick Evershed
The Guardian Australia – Page: Online : 15-Apr-25

Figures from the US International Trade Administration reveal the number of visitors from Australia in March was down by 7% when compared to March 2024, making it the biggest decline since March 2021, when overseas travel was being impacted by the pandemic. Tourism Economics stated on Friday that the Trump administration was having a negative impact on international travellers in terms of the US as a place to visit, due to "heightened border security measures and visible immigration enforcement actions".

CORPORATES
UNITED STATES. INTERNATIONAL TRADE ADMINISTRATION, TOURISM ECONOMICS

Passports, travel documents exposed in data breach

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Original article by David Swan
The Age – Page: Online : 9-Jan-24

Melbourne travel agency Inspiring Vacations is investigating a data breach that saw a non-password protected database leaked online. The database contained around 112,000 records, including passport images, travel visa certificates, and documents with partial credit card numbers on them. The breach was detected by cybersecurity researcher Jeremiah Fowler, who says the leaked data could be used for a range of illegal activities, such as identity theft, while Inspiring Vacations has informed the Office of the Australian Information Commissioner of the breach.

CORPORATES
INSPIRING VACATIONS, AUSTRALIA. OFFICE OF THE AUSTRALIAN INFORMATION COMMISSIONER

Class action threat against travel providers over coronavirus vouchers

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Original article by Alison Xiao
abc.net au – Page: Online : 5-May-20

Slater & Gordon has announced plans for a class action against travel providers over the treatment of customers during the COVID-19 pandemic. Andrew Paull from Slater & Gordon claims travel providers have pressured customers into accepting limited travel vouchers as a result of cancellations caused by the pandemic, when in fact customers were entitled for a full cash refund. The Australian Competition & Consumer Commission has received over 6,000 complaints from customers of travel companies regarding cancellation fees and refund policies.

CORPORATES
SLATER AND GORDON LIMITED – ASX SGH, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT

Airbnb, Flight Centre book travel deal

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 31 : 27-Jun-17

Flight Centre and Airbnb have released details of a new partnership, under which business customers will be able to book Airbnb accommodation through the Flight Centre website. Airbnb executive David Holyoke notes that it is generating a growing proportion of its revenue from business travellers, while Flight Centre’s Andrew Flannery says corporate clients who are staying overseas for extended periods find the idea of living "like a local" appealing.

CORPORATES
FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, AIRBNB AUSTRALIA PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, AMERICAN EXPRESS COMPANY, CARLSON WAGONLIT TRAVEL, BCD TRAVEL, MARRIOTT CORPORATION

Flight Centre slides as brokers cut forecasts

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Original article by Jamie Freed
The Australian Financial Review – Page: 15 : 25-May-16

Shares in Flight Centre Travel Group have shed 13.5 per cent in two trading sessions, in the wake of an earnings downgrade. The stock closed five per cent lower at $A31.88 on 24 May 2016. Deutsche Bank has reduced its 12-month share price target by 25 per cent to $A36, while Bell Potter’s target price has been slashed by 12 per cent to $A35.70. Deutsche has also reduced its recommendation on the stock from "buy" to "hold".

CORPORATES
FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, DEUTSCHE BANK AG, BELL POTTER SECURITIES LIMITED, MACQUARIE EQUITIES LIMITED, AUNT BETTY

Share price slumps after profit warning

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Original article by Matt O’Sullivan
The Australian Financial Review – Page: 15 : 24-Jun-15

Australian-listed Flight Centre Travel Group has advised that its 2014-15 underlying profit before tax will be within the range of $A355m to $A365m. Its previous guidance was for earnings of $A360m to $A390m, with the downgrade attributed to factors such as competition from online travel groups and slowing growth in Australia’s domestic travel market. Flight Centre shares closed nearly 14 per cent lower at $A37.51 on 23 June 2015.

CORPORATES
FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, AIRBNB AUSTRALIA PTY LTD, BOOKING.COM BV, PRICELINE.COM, GAINSDALE PTY LTD, MACQUARIE EQUITIES LIMITED

Brighter skies give lift to Flight Centre

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Original article by Jamie Freed
The Australian Financial Review – Page: 17 : 25-Feb-15

Australian-listed Flight Centre Travel Group has posted a 2014-15 interim underlying profit before tax of $A137.6m, which is 5.6 per cent lower than previously. The travel group had advised in late 2014 that its profit for the half-year would be between $A136m and $A142m. Flight Centre expects its underlying profit for the full year of $A360m to $A390m. Shareholders will receive a half-year dividend of $A0.55 per share

CORPORATES
FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, BELL POTTER SECURITIES LIMITED, UBS HOLDINGS PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH

$40b projects to aid tourism

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Original article by Jamie Freed
The Australian Financial Review – Page: 14 : 20-Jan-15

A report by Scott Ryall of CLAA identifies large tourism projects worth $A40 billion that are in progress or preparation. Ryall states that Asian tourists will assist the Australian economy in withstanding waning mining investment. The report contends that Asian tourism will bolster industries from ­construction and aviation to casinos, malls and wine. Arrium, Boral and Mirvac are among the businesses expected to benefit from tourism development projects

CORPORATES
CLSA AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, ARRIUM LIMITED – ASX ARI, BORAL LIMITED – ASX BLD, LEND LEASE GROUP LIMITED – ASX LLC, MIRVAC GROUP – ASX MGR, SCENTRE GROUP – ASX SCG, NOVION PROPERTY GROUP – ASX NVN, CROWN RESORTS LIMITED – ASX CWN, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, SKYCITY ENTERTAINMENT GROUP LIMITED – ASX SKC, TREASURY WINE ESTATES LIMITED – ASX TWE, TTF AUSTRALIA LIMITED TOURISM AND TRANSPORT FORUM, TTF AUSTRALIA LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, CHINA EASTERN AIR HOLDING COMPANY

Radical plan for tourism

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Original article by Joanna Mather
The Australian Financial Review – Page: 7 : 30-Oct-14

Senator David Leyonhjelm has proposed a number of measures to stimulate growth in Australia’s tourism sector. He would like the age limit on working holiday visas to be raised or removed. Holiday-makers who work in tourism jobs should be able to extend their visas by 12 months. He believes that people employed in restaurants should not be paid more when they work on a Saturday or Sunday

CORPORATES
RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED, LIBERAL DEMOCRATIC PARTY

Do bricks and mortar travel agents have a future?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 27-Aug-14

A Roy Morgan Single Source survey has found that 4,715,000 Australians took an overseas holiday in the year to June 2014. Some 47 per cent used a conventionial bricks-and-mortar travel agent, while 16 per cent booked their holiday via an online-only agency. In contrast, 71 per cent of Australians booked an overseas holiday via a bricks-and-mortar travel agent in the year to June 2007, while just six per cent used an online-only agency

CORPORATES
ROY MORGAN RESEARCH LIMITED