CTM: Australia/New Zealand business remains resilient, despite border restrictions

    Corporate Travel Management (CTM) reported (18-Aug-2021) its Australia/New Zealand region remained profitable in FY2021, despite continued border closures. The company noted that the COVID-19 lockdowns and the closure of Sydney as a travel hub are limiting the national recovery. Despite this, the Australia/New Zealand business remains resilient, experiencing strong recovery in volumes when border restrictions have been lifted, with domestic travel activity in New Zealand currently over 150% of pre-COVID levels.

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