What a time to be alive! COVID-19 knocked travel industries for six, but they are coming roaring back now. The backdrop for the travel sector. However, the S&P/ASX 200 Index (ASX: XJO) has seen strong share price gains over the past two weeks, as general market sentiment continues to rise. The travel industry is battered and bruised following the outbreak of COVID-19. Arguably the travel industry has borne the greatest brunt from COVID-19. ASX 200 travel shares have been hammered by government travel restrictions and general public fear. The nightmare continues for ASX travel shares on the markets today. It looks as though the … Growing hope for the ASX travel sector. Prior to 2002 the Australian stock market was divided into 24 industry sectors that were unique to Australia. Fewer people are booking international flights as the contagion spreads across the world. In the last six […] As the fallout hits the travel industry, we take a look at how ASX travel shares are faring. Shares within the travel industry are soaring this week. The ASX Group's activities span primary and secondary market services, including capital formation and hedging, trading and price discovery (Australian Securities Exchange) central counter party risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation). COVID-19 caused the Australian federal government to initially put up travel … Many companies were already reeling from the bushfires but now face the double whammy of the worst pandemic in a century. However, to bring the Australian stock market in line with the rest of the world Standard and Poor’s developed and the ASX have implemented a classification system based on Global Industry Classification Standards or GICS.

Demand for travel is virtually zero, with governments worldwide shutting their borders and restricting internal movements of their citizens. The S&P/ASX 200 Index (ASX: XJO) has had one of the roughest and most volatile days in history. Travel companies like Webjet Limited (ASX: WEB) have had a rough year, with consumer expenditure waning as a result of geopolitical tensions, however the business travel sector … The ASX Group's activities span primary and secondary market services, including capital formation and hedging, trading and price discovery (Australian Securities Exchange) central counter party risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation).