New Zealand government flagged yesterday afternoon an announcement coming - looks like the shift to Level 1 in NZ is happening - in a week instead of another month.
This means they are confident COVID threat and existence of COVID in NZ has gone. https://www.stuff.co.nz/national/300025851/jacinda-ardern-brings-forward-level-1-decision-to-next-monday
This means BIG business from pent up demand and a return to normal trading.
Australians and Kiwis can start activities, travel and holidays again.
It will mean border re-opening to AU and the NZ snow season between AU and NZ getting major lift off. Australians are by far NZ's greatest visitor numbers and keep the country humming in Winter. There isn't even a close second. And most go to the Sth Island of NZ for skiing and Akl for food and wine.
1.47 million annual visitors to NZ are from Australia 595k specifically to holiday (leisure) 564k to visit family (leisure) Stay average of 11 days SPEND $2.4 BILLION
Webjet is back in big business next week, IMO.
WEB Price at posting:
$4.30 Sentiment: Buy Disclosure: Held
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