Business
Investors hunt for value pockets in expensive market – The Australian Financial Review
Investors are eyeing off the stocks still feeling the headache of the COVID-19 hangover, tipping the economic recovery under way across large parts of the globe…
One of the newer names in the portfolio is Booking.com, he said.
Their business has been very severely impacted by COVID and we havent seen much of a recovery to date but as we get to the other side of COVID, we think theres a lot of pent-up demand to travel and Bookings business will snap back.
He pointed to Chinas hotel market, which had already experienced a rapid recovery in a short space of time, as evidence of the quick turnaround the travel sector could make once restrictions are eased.
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