QAN 0.80% $7.42 qantas airways limited

Will QAN survive?, page-1941

  1. 10,757 Posts.
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    This 'WSJ' lengthy article is on 'The Oz' website today.

    Not good for QAN (or competitors).

    Oz to Bali used to be lucrative. No more!

    "Two years ago, there were so many tourists on Bali that bumper-to-bumper traffic snaked through the Indonesian island’s villages. Tides towed in waves of plastic garbage. A decadelong building binge tripled the number of hotel rooms to 75,000 on a popular stretch. Locals got wealthier, but many got fed up...

    ...Foreign hordes are the least of their worries now. Just 43 travellers from abroad visited during the first nine months of 2021, down from 6.3 million in all of 2019, according to Bali’s statistics office. Monkeys that once feasted off tourist offerings are raiding local restaurants...

    ...Many reopenings have involved complicated rules, and some travellers worry that restrictions might change quickly with new outbreaks...

    ...Indonesia reopened to tourists from certain countries in mid-October but required tourists to quarantine at their expense for five days after arrival before reducing the period to three days. Under previous Covid restrictions, it had allowed visitors of only specified categories, such as diplomats and medical workers. Bali’s 43 foreign visitors through September weren’t tourists but were travelling on different visas, said a spokesman for Bali’s international airport. He said no international flights have arrived in Bali with foreign tourists since the reopening, but he couldn’t be sure why...

    ...In New Zealand, where borders remain closed to most international travellers, government data show that visitor arrivals for the 12 months ended September this year were down 95% compared with the period two years prior...

    ...Of the 62 million global tourism jobs lost last year, roughly two million will come back this year, predicts the World Travel & Tourism Council, a U.K.-based industry group..."
 
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