Webjet: China domestic travel bookings up 230% since Feb-2020

    Webjet reported (01-Apr-2020) the company expects to be well placed to capture a pick up in travel activity once the impact of coronavirus passes and travel restrictions are lifted. When travel activity begins to normalise, it is expected to occur at various points in time and in different regions due to differences in timing and the severity of the impact of coronavirus in each region. Webjet reported China is beginning to experience early signs of normalisation, with hotel bookings for the week to 01-Mar-2020 increasing 40% compared to the previous week, while peak daily bookings for domestic services increased 230% from the lowest level recorded in Feb-2020.