Closed Borders Could Equal Domestic Bliss says Analyst

Dransfield Hotels and Resorts believes increased Australian domestic travel due to closed borders could more than compensate for the dearth of international tourists caused by COVID-19 travel restrictions.

“Estimated domestic replacement in hotels could be considerably higher than the loss of international nights in both the cities in both the cities and regions – by some margin,” the company said.

“Whilst the analysis shows over 100 per cent recovery, the step-up will occur over time and will be affected by seasonality, sofull immediate recovery is not expected as a universal proposition.

“The outlook is however much more positive than initially thought.”

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