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Travel tech stock Alloggio hit the boards on Monday, amid fears of new omicron-induced restrictions, and shed more than 12 per cent of its IPO value. ....
With the international border closed, globe-trotting Australians who normally head overseas to Aspen or Phuket at this time of the year are being forced to vacation at home. It has brought a blast in domestic consumption, helping lift the nation out of recession, as Australia s long, hot summer kicks off and the population roams its vast back yard. That spending surge is set to continue as households that hoarded cash throughout the pandemic hit the bitumen and recreate the long trips that defined vacations in the post-war decades. Among them is Sydneysider Brian Gibbons, who was forced to cancel a five-week trip back to Ireland in April. Instead, he spent close to A$4,000 (S$4,020) on camping gear for a family holiday closer to home. ....
The Straits Times Bondi beats Bali as grounded Aussies holiday at home Bondi Beach in Sydney, Australia. The country s economic recovery is poised to accelerate amid a spending surge by Australians looking to holiday in the country.PHOTO: REUTERS PublishedDec 15, 2020, 5:00 am SGT https://str.sg/Jann They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. ....