Tourism

If you’ve travelled lately and felt stung by the big increases in airfares and accommodation prices, you might think about ‘revenge investing’ in some travel companies. Because, since the post-pandemic re-opening, many – like Flight Centre and Qantas – have seen a big increase in patronage, profits and share price. continue…

by Roger Montgomery Posted in Companies, Stocks We Like, Tourism.

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With COVID-19 travel restrictions beginning to ease, the Montgomery Small Companies Fund has been adding to its investments in ASX listed travel businesses.  In particular, we like the look of Alliance Aviation Services, Corporate Travel Management, Flight Centre and Webjet, which should all do well as travel rebounds. continue…

by Dominic Rose Posted in Companies, Editor's Pick, Stocks We Like, Tourism.

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The education industry is fond of stating that foreign students studying in Australia represent a $40 billion export industry.* And it’s using this ‘export’ benefit to push for an early re-opening of our national borders for foreign students.  I’m not denying that education is a sizeable export, but is this $40 billion figure actually correct? continue…

by Andreas Lundberg Posted in Tourism.

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The Coronavirus has led to big changes in the way many people in China eat, work and move about.  But what about here, in Australia?  How has it affected the way you live, and have you noticed any changes in your workplace or the places you visit?  I’d value your feedback. continue…

by Andreas Lundberg Posted in Health Care, Market commentary, Tourism.

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As you would be well aware, nobody is able to control share prices. Even the very best quality companies, purchased at steep discounts to intrinsic value, can fall in price over a week or a month or even a year. And so we aren’t surprised to see the share price of one of our holdings – Flight Centre Travel Group Ltd (ASX: FLT) – not flying as high as we’d like. continue…

by Roger Montgomery Posted in Foreign Currency, Insightful Insights, Tourism.

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According to The Wall Street Journal: “Tight credit, restrictions on the ownership of multiple homes and an easing of prohibitions on alternative investments overseas have triggered a long-expected downturn in the Chinese residential housing market.” continue…

by Roger Montgomery Posted in Economics, Market Valuation, Property, Tourism.

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Flight Centre (ASX: FLT) is transitioning from a travel agent to a travel retailer. You may be wondering: what is the difference between the two, and what effect will it have on the company’s long-term prospects? continue…

by Ben MacNevin Posted in Consumer discretionary, Insightful Insights, Tourism.

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In these highlights from the 27 February edition of ABC1’s ‘Inside Business’, Roger discusses with Alan Kohler the results of companies including BHP, Origin Energy and Qantas.  Watch here.

by Roger Montgomery Posted in Energy / Resources, Insightful Insights, Tourism, TV Appearances, Value.able.

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At Montgomery Investment Management we are pleased to learn that Graham Turner of Flight Centre has been named the best value Chief Executive Officer for 2012 by Egan & Associates.

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by Ben MacNevin Posted in Insightful Insights, Tourism.

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With the number of Australian friends who seemed to be enjoying White Christmases (overseas holidays) this year, I wanted to briefly discuss an often touted criticism of Webjet’s business model.

Like many businesses, customers can easily search their website free of charge for what they are after (in the case for flights, room nights, holiday packages), but then purchase the product and bypassing the booking fees by going directly to the supplier – in this case Airlines, hotels, car rental agencies. This is the core reason Webjet’s business model was considered ‘unsustainable’.

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by Ben MacNevin Posted in Insightful Insights, Tourism.

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