Don't forget the fact that post COVID, webjet will get a bigger chunk of the pie, with lots of small travel agency going bust. I think webjet will be a more profitable business going forward when things return to normal so I won't be surprised if web overshoots pre covid market cap by a large margin. After all the market is forward looking so any sign of recovery in travel will certainly create a buying surge.
as for webbeds, hotels will be very eager to get bookings back from tourism again so I can definitely see a very quick recovery in the numbers there. I think the only issue for WEB is to survive this pandemic. It'll be all peachy after that. There are lots of pent up demand for travel I m sure with lots of people cashed up from WFH savings, low interest rates, stimulus packages. And I m also sure there are lots of people who made in money in the stock market too who may consider cashing in and take a break overseas again once things settle.
i also read the article linked below. Looks like webjet is going to take Expedia and bookings head on. But with a few differences on their new app. I ll be looking forward to how this will play out too.
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