Business
Why ASX 200 hospitality shares could be about to enjoy a boost
When COVID-19 shut down international travel and all but put an end to interstate travel, S&P/ASX 200 Index (ASX: XJO) hospitality shares were among the hardest hit.
With people staying close to home, odds are they won’t be spending much time in luxury hotels. Or eating at the various restaurants these hotels offer. Or taking a punt at their gaming venues.
JobKeeper helped these ASX 200 companies remain afloat and retain key staff. But JobKeeper is winding down as the vaccine rollout begins, and the government eyes an end to the pandemic.
Enter the government tourism stimulus package
Yesterday’s announcement of a $1.2 billion government…
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