Australia-New Zealand Travel Market Update 2020
The Australia-New Zealand (ANZ) travel market advanced 2% in Australian dollar terms in 2019, though this translated into a 5% contraction when converted to U.S. dollars. However, COVID-19, the subsequent closure of most borders, and the nationwide self-isolation strategy in both countries has been devastating for the travel market. The combined ANZ travel market is projected to decline by 59% in 2020, driven by a disastrous air segment performance. This report presents a high-level overview of the Australia-New Zealand travel market in 2020, including the impact of the pandemic on major players, key segment analysis, and sizing and projections through 2020.
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