Wed Sep 11 23:30:00 UTC 2024: ## ASX Travel Stocks Soar as International Travel Rebounds

**Sydney, Australia** – The Australian travel industry is experiencing a strong resurgence as international travel recovers from the pandemic, according to recent data released by the Australian Bureau of Statistics (ABS).

Short-term visitor arrivals in July 2024 surged to 658,970, a 5.4% increase compared to the same period last year. Meanwhile, short-term resident returns jumped by 15%, reaching 1.14 million. This positive trend has reignited interest in ASX-listed travel stocks.

“The numbers are still about 17% below pre-COVID levels, but the steady recovery is a positive sign for ASX travel shares,” stated a Motley Fool analysis.

Brokers are particularly bullish on Webjet Ltd (ASX: WEB), Flight Centre Travel Group Ltd (ASX: FLT), and Corporate Travel Management Ltd (ASX: CTD), citing the strong performance of these companies and the potential for further growth.

UBS analysts are optimistic about Webjet’s future, particularly in light of its proposed demerger of its business-to-business (B2B) from business-to-consumer (B2C) operations. Morgans has praised Flight Centre for its strong FY 2024 performance, highlighting the company’s increased revenue margin.

While Corporate Travel Management shares have dipped slightly due to results falling below market expectations, CommSec reports that the ASX travel share is still rated a buy by analysts.

This upward trend in travel data and positive broker sentiment paints a promising picture for ASX travel shares, with the sector poised for continued growth as international travel continues to rebound.

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