‘New Zealand will be the loser’: travel sector bemoans slow reopening | Travel

Lyn Rickman and her family were hoping to travel across the ditch from Australia to visit her daughter Ellie, who lives in New Zealand and is due to graduate in Auckland at the beginning of May.

“Now chances are we won’t get there, because the borders will open in a staggered way from 30 April and we’d have to quarantine,” says Rickman.

“We can’t plan anything … we’re just hoping New Zealand changes the rules. I’ll be triple-vaxxed, what more can we do? It’s hard.”

Rickman is one of many Australians frustrated by New Zealand’s gradual border reopening timeline, which keeps Australians out until at least 30 April.

Under the plan, fully vaccinated New Zealanders currently in Australia will be able to return home without quarantine from 17 January.

But fully vaccinated non-citizens won’t be able to enter the country until 30 April next year, and they will still need to isolate for a week.

The Tourism Export Council of New Zealand chief executive, Lynda Keene, is disappointed with the government’s decisions, in particular the need to have travellers self-isolate on arrival.

“The impact on international tourism businesses cannot be understated,” Keene says.

“Decisions today will affect the next five years of New Zealand’s international tourism offering. Australia will be the winner. New Zealand will be the loser.”

The Australian Federation of Travel Agents chief executive, Dean Long, has described the move as a “body blow” to the travel industry and said many were frustrated at the decision.

“It effectively means the largest source market for both [Australia and New Zealand] won’t recover until the end of 2022 and into 23,” he says.

Long says it would take up to six months for travel volume to recover properly, as tourists initially remain weary of potential lockdowns or border closures.

“This unfortunately means for New Zealand they’re going to be at the bottom of the rung for people wanting to travel for leisure purposes.

“I can’t see there being a strong snow season for New Zealand because Australians just won’t have confidence that the New Zealand government won’t close the border and lock them out and cancel flights.”

It comes as Australian tourists find themselves with limited options for travelling.

As it stands, they can only visit the UK, the US, Canada, Italy, Greece, Germany and South Africa without having to quarantine.

Justin Tighe-Umbers, the co-chair of the New Zealand Aviation Coalition, says the aviation sector is at a loss as to why the New Zealand government is taking a more conservative approach to reopening its border.

“With the latest dates for reopening, we’re months behind Australia and out of step with the rest of the world,” he says.

“We can go and visit family and friends in Australia, but there is no certainty they will be able to come see us for another five months and even if they can they’ll still have to isolate for seven days.”

“International airlines plan schedules way in advance and New Zealand is falling off the radar,” Tighe-Umbers says. “Every day that goes by without certainty, is a day they choose to put their assets elsewhere.”

Liam Nash had his hopes riding on being able to return home to New Zealand in time for Christmas. He hasn’t seen his family in 18 months.

But with the border remaining shuttered until 13 January, Nash isn’t sure when he’ll be able to make it. He’s set to start a new job in Victoria the day after it reopens.

“Planning a trip back has been a logistical nightmare,” he says. “The lack of surety surrounding the border bubble has made it difficult to plan ahead, and although I’m glad we are able to travel back from January, I’ve missed my window.

“It’s a bittersweet pill to swallow.”

New Zealand’s Covid-19 response minister, Chris Hipkins, announced the new timeline on Wednesday, conceding that it may affect plans for families hoping to be reunited over Christmas.

“A phased approach to reconnecting with the world is the safest approach to ensure risk is carefully managed. This reduces any potential impacts on vulnerable communities and the New Zealand health system,” he said.

All non-citizen travellers will need to take a Covid test upon arrival, self-isolate for seven days and can only enter the community when they return a negative test.

Chris Roberts, the chief of the Tourism Industry Aotearoa, has welcomed the certainty that comes with dates for reopening being announced but criticised the lack of clarity on when non-citizens would be able to enter the country without having to isolate.

“The government has failed to recognise the critical importance of visitors to re-establishing our connections with the world,” he says.

“This is not just about tourism. If international airlines decide to pull out of New Zealand, it may be years before they return – putting vital trade links for high-value exports and critical imports at risk.”

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Canadians travel to Buffalo for Sabres and Maple Leafs game at KeyBank following border reopening

BUFFALO N.Y. (WIVB) – This weekend is the first time in almost 20 months Canadians could attend a hockey game at the KeyBank Center. The Sabres are taking on the Toronto Maple Leafs Saturday night and fans from both teams are excited about the reunion.

“It just adds to the game I think and the atmosphere,” said Madison Burns who’s from Buffalo. “It’ll be nice to have at least a bigger crowd in there, with a little more energy for the Sabres.”

“I’m very excited. Even though they’re competition, they’re welcome here so I’m really excited just seeing all the people,” Sabres fan Julia Burns said.

Canadians are back in Buffalo and back to attending hockey games at the KeyBank Center.

“Just being here, in a new city, as a fan of the opposing team, it’s a great feeling,” said Rob Jot-Kandola, who traveled to Buffalo from Toronto with a group of friends.

“It’s the Leafs. The Leafs are playing in Buffalo. We always come every year whenever they play and the borders been closed for about a year almost and when they opened up the first thing we did was look for tickets,” said Hargit Singh, who’s from Toronto.

The border opened for Canadians this week, allowing them to once again visit Buffalo, and Toronto Maple Leaf fans made a weekend out of it.

“It was amazing . I actually enjoyed driving over the bridge. I haven’t been to Buffalo in years. So it was great, it was a great journey. I loved it,” Jot-Kandola said.

“I think just seeing the Leafs play in a different city, because we always see them in Toronto so going somewhere else to watch them,” said Toronto resident Alexa Starr.

“It was exciting. We’ve been here before and it was exciting to be able to get back to watching games in Buffalo. It’s kind of surreal,” said Connor Koster, who visited from Canada.

To get back into Canada, people need to show proof of a negative COVID-19 test, which could cost more than a hundred dollars in some places. Canadians News 4 caught up with say it’s worth it.

“The Leafs are worth it. So we paid for the PCR test,” Andrea Starr said.

“It’s just an extra step you’ve got to take every time, but if you’re a true Leafs fan that extra step is not a big deal,” said Jason Gill, who traveled from Toronto.

“We thought about it. Is it worth going down to Buffalo? We checked all the finances, all the prices but we’re just like it’s ok. It’s been such a long year in 2020 so we’re like hey why not just go to Buffalo, it’s ok,” Jot-Kandola said.

Sarah Minkewicz is a reporter who has been part of the News 4 team since 2019. See more of her work here.

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Cuba Reopening News: Cuba is all set to reopen for international travel

Cuba is all set to reopen for international travel

Cuba is now ready to reopen for international travellers. The country has announced that it will permit international visitors starting from November 15. The incredible Caribbean country is a favourite among explorers, and many are going to get their wish fulfilled to travel to Cuba very soon.

The bustle of its start city, Havana, is promising a comeback with the reopening. The country has seen a decrease in COVID-19 infections and mortality.

It is important to note here that Cuba will however continue to impose COVID appropriate behaviour, so wearing facemasks, and using hand sanitizers will be mandatory for all. The good news is that travellers may not be required to quarantine anymore, provided they are fully vaccinated or have a negative RT-PCR test report in hand.

Cuba fought the coronavirus with locally made vaccines, Soberana 02, Abdala, and Soberana Plus. As of today, the country has reported a total of 956452 infections, and 8265 deaths. The official reports suggest that all three doses have been administered to a total of 7.3 million people out of 11 million people.

Cuba has also permitted children to return to schools, while cinemas have also reopened. The Tropicana cabaret is now also going to return to stage.

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As the United States’ Reopening Draws Near, Travel Stocks Soar

As the date of November 8 and the return of international visitors to the U.S. is imminent, travel-related stocks are soaring again, according to CNBC.

Airlines, online travel agencies and home-sharing companies are all gaining in the market while companies that gained share in the last year during the pandemic – what CNBC calls ‘stay-at-home’ stocks like Peloton, Zoom and Netflix – fell this past week.


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Travel technology, man with airplane and laptop

Translation? The urge to travel is in; being pent-up at home is out.

The numbers don’t lie.

According to CNBC, Expedia jumped 16 percent on Friday; fellow online travel agency Booking Holdings jumped seven percent, and Airbnb’s stock was up 13 percent after reporting a 280 percent increase in profit.

American Air Lines, Delta and Southwest also had a fantastic week, rising 14, 13 and 10 percent in share price, respectively.

Airlines like Delta showed a strong third quarter when it announced earnings.

“We’ve seen it everywhere,” Expedia CEO Peter Kern told analysts on an earnings call Thursday, according to CNBC. Expedia reported a 97 percent jump in revenue from a year earlier. “Cities are picking up. International has picked up. Virtually every area has seen growth.”

By contrast, Peloton, the home cycling workout machine, saw a 35 percent drop in share price on Friday following higher-than-expected quarterly losses.

“We anticipated fiscal 2022 would be a very challenging year to forecast, given unusual year-ago comparisons, demand uncertainty amidst re-opening economies, and widely-reported supply chain constraints and commodity cost pressures,” Chief Executive Officer John Foley said in a letter to shareholders.

Netflix dropped 6.5 percent this week; Zoom fell over six percent on Friday, and Doordash lost four percent.

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Border agency gives update on reopening land border ports to nonessential travel

SAN ANTONIO — U.S. Customs and Border Protection will give an update Friday on the plans to reopen the border to nonessential travel.

The media briefing will be held at 10:30 am. Friday at the Juarez- Lincoln International Bridge in Laredo, Texas. Leaders will discuss reopening the land border ports to nonessential travel by fully vaccinated Canada, Mexico residents.

The press conference will be streamed within this article. Delays are possible.

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Western Australia Sets 90% Vaccination Target for Reopening | Health News

By ROD McGUIRK, Associated Press

CANBERRA, Australia (AP) — While people are now able to travel freely in Australia’s more populated east, COVID-19-free Western Australia will maintain its tight restrictions into next year, state leaders said Friday.

Western Australia is the largest state, covering a third of Australia’s land area. It also has the nation’s lowest vaccination rates, in part because the state has had few infections and life has been relatively normal throughout the pandemic.

Western Australia is the only Australian state or territory that does not intend to reopen this year. Vaccinated Australians have been free to travel the world through east coast airports in coronavirus-affected Sydney and Melbourne since Monday when a 20-month-old international travel ban was lifted.

Western Australia Premier Mark McGowan on Friday set a vaccination target of 90% of the population aged 12 and older for the border restrictions to be relaxed. The milestone was forecast to be reached in late January or early February.

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McGowan said he would set a date for the state to reopen once 80% of the target population had been vaccinated, which is expected to happen in mid-December.

Once that reopening date was set, it would stand even if the vaccination rate fell short of 90% by then.

“As far as world standards go, a rate of 90% will be an amazing achievement,” McGowan said.

“Given our current vaccination rates, these targets are realistic and within our sights,” he added.

Only 63.7% of the target population in Western Australia was fully vaccinated, according to state data. Nationally, 79.6% of the population aged 16 and older were fully vaccinated, according to federal government data released on Friday.

Other states have or intend to substantially relax pandemic restrictions once 80% of their populations aged 16 and older are vaccinated.

Western Australia’s sparsely populated north has some of the lowest vaccination rates in the country.

McGowan said parts of the state could be isolated by intrastate borders if their vaccination rates continued to lag. Such areas include the Pilbara region where the nation’s lucrative iron ore mining operations are based.

“Cutting off the Pilbara, or any region for that matter, is not something I want to do,” McGowan said.

“But if that’s what is required to protect the local community and local industries, then we will take that step based on the health advice at the time,” he added.

Government modeling showed that reopening that state at the 90% vaccination benchmark rather than 80% would mean COVID-19 cases occupying 70% fewer hospital beds, 75% few intensive care beds and 63% fewer deaths, McGowan said.

“The difference in easing border controls at 90% rather than 80% is 200 West Australian lives are saved,” McGowan said.

If the state falls short of the 250,000 additional people it needs to get vaccinated to reach the 90% target, additional pandemic measures will be required on the date it reopens, McGowan said.

Western Australia has accounted for only nine of Australia’s 1,781 COVID-19 deaths.

Four of those deaths were passengers and crew from the German-operated cruise ship MV Artania who were brought ashore for hospital treatment in the capital Perth. The state’s last COVID-19 death was reported in April 2020.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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What the border reopening for nonessential travel Nov. 8 means for South Bay businesses

More than 200 businesses in the San Ysidro area have closed since the start of the pandemic

SAN DIEGO — Starting on Nov. 8, fully vaccinated people can cross the Mexico and Canada borders into the United States for nonessential travel. This loosening of restrictions comes just in time for the holiday shopping season.

“I really hope it picks up business,” said Melanie Alvarado. “It’s a family-owned restaurant.”

Melanie Alvadro and her husband own Fish Mart Pescaderia & Algo Mas in San Ysidro. On Monday, she said she hopes these upcoming relaxed restrictions at the border mean more customers.

”It’s still not back to normal,” said Alvarado. “So we’re hoping in the next few months hopefully we’ll get back to normal, but it’s been challenging so far.”

But, Alvarado said she is still bracing for challenges. She said many of her employees cross the border from Baja California into the U.S. to come to work, and she worries an influx of travelers could mean more traffic at the already backed-up border.

“They do arrive late all the time. So now that I think everybody’s going to be crossing the border, it’s going to be even more challenging for people to come to work,” said Alvarado.

Earlier this month, the San Ysidro Chamber of Commerce reported $1.25 billion in lost sales, all attributed to COVID-19 restrictions. 

Even closer to the border is Achiote Family Restaurant. Assistant Manager Sofi Arellanes said more than half of its customers come from south of the border. 

”People visit us by plane, by car,” she said. “They usually come to visit us.”

She’s also concerned about traffic, but overall thinks it’s another step toward normalcy.

”Most of the time, it’s going to be good, because they’re going to start their lives again,” said Arellanes. “With the pandemic and the other restrictions that maybe they had, I think it’s going to be good.”

According to SANDAG, tourism was one of the most hard-hit industries within the first year of the pandemic. Travelers will be asked to provide proof of vaccination when crossing into the United States for nonessential travel.

WATCH RELATED: Supervisor Vargas writes letter in hopes to help border businesses impacted by shutdown 

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Pandemic travel news: From Angkor Wat to Havana, places reopening soon

(CNN) — There are only two months left in 2021 and as we enter November, countries around the world are relaxing their Covid-19 restrictions. Here are 10 destinations that have made headlines in pandemic travel news this week.

1. Anguilla: A Lonely Planet best pick

Anguilla's Cap Juluca, a Belmond Hotel.

Anguilla’s Cap Juluca, a Belmond Hotel.

Courtesy Belmond Cap Juluca

Anguilla, a Leeward Island in the eastern Caribbean Sea, this week geared up for the winter tourism season by updating its travel requirements, effective November 1.

Only pre-approved, fully vaccinated visitors can enjoy its azure waters, luxury resorts, 33 public beaches and 80-degree temperatures (with exceptions made for under-18s and the pregnant).

Those stringent requirements could be worth your while: On Wednesday, Anguilla was named one of Lonely Planet’s “Best Destinations to visit in 2022,” the only Caribbean island to make the cut.

2. Australia: Residents can travel again

Starting November 1, fully vaccinated Australian citizens and permanent residents will finally be able to travel out of the country without needing a special exemption.

Two of the country’s states are taking slightly different approaches to easing Covid restrictions.

3. Barbados: No quarantine for the vaccinated

The eastern Caribbean island of Barbados has just elected its first ever president, Sandra Mason, who will take over from Queen Elizabeth II as head of state. She’ll be sworn in on November 30, which is the 55th anniversary of Barbados becoming independent from Britain.

If you want to celebrate with the Bajans, December to April is the peak time to visit, when the weather is driest. This week, the island removed its quarantine requirement for fully vaccinated travelers as well as its mandatory second PCR test. Find out more on the website.

4. Cambodia: Reopening to international travelers

Pre-pandemic, Cambodia was emerging as one of Southeast Asia’s most fascinating destinations.
Vaccinated foreign tourists will soon to be able to visit once again, starting with the beach ‘n’ party spots of Sihanoukville and Koh Rong island, as well as the China-developed resort of Dara Sakor, reopening on November 30.
The country’s biggest attraction, though, is the city of Siem Reap and the legendary Buddhist temple complex of Angkor Wat. Foreign visitors will have to wait until January 2022 to explore the archaeological wonder.

5. Cuba: Welcomes tourists next month

Having now vaccinated most of its population with its homegrown vaccines (which are still under review by the World Health Organisation), the Caribbean country of Cuba is preparing to open its borders and ease entry requirements by November 15, Reuters reports.

Visitors will need just proof of vaccination or a recent PCR test to enter the country, says the news agency.

6. Easter Island: Voted against reopening

The far-flung Chilean territory of Easter Island, renowned for its huge stone head statues, has been closed to visitors since the start of the pandemic — and residents want to keep it that way.
On October 24, the island’s inhabitants, most of whom are indigenous Rapa Nui, voted against reopening its borders in January 2022, reports French news agency RFI, although the final decision rests with Chilean health authorities on the mainland.

7. Iran: Borders are open again

Iran is filled with spectacular archaeological treasures, no fewer than 24 UNESCO World Heritage Sites, and an array of beautiful mosques.

For those wanting to make the journey, however, the Tehran Times reports that borders are once again open to foreign tourists. More details here.

8. Israel: Reopening to vaccinated tourists

A scuba diver has found a four-foot long sword thought to belong to a crusader 900 years ago off the coast of Israel.

Israel’s Ministry of Tourism announced on Thursday that the country will welcome individually vaccinated tourists from November 1. Currently, only organized tourist groups are allowed into Israel. You can find full details here.
If you’re heading there for the scuba diving, you might just strike lucky. Earlier this month, a diver found a 900-year-old Crusader sword off the Israeli coastline.

9. New Zealand: New easing measures

New Zealand’s Prime Minister Jacinda Ardern announces the country is moving from eliminating Covid-19, amid a persistent outbreak of the Delta variant, and will instead transition to a strategy of ‘living with the virus.’

Like its neighbor Australia, New Zealand is moving away from its zero-Covid strategy and preparing to reopen to the world.

Chris Hipkins, minister in charge of New Zealand’s Covid-19 response, announced on Thursday that, from November, travelers from Pacific countries including Samoa, Tonga and Vanuatu will no longer need to quarantine on arrival.

For those fully vaccinated travelers from abroad who still do need to quarantine, the 14-day sojourn in a hotel will be shortened to seven days, with a plan to move to a system of home isolation for fully vaccinated arrivals later in 2022.

10. UK: Cleared its red list

There are just seven countries left on England’s once heaving inventory of “red list” destinations — Colombia, Dominican Republic, Ecuador, Haiti, Panama, Peru and Venezuela — and they’re all set to be removed on November 1.

This means that anyone from any country will be able to enter England, although they will still be subject to testing requirements or quarantine, depending on their vaccination status.

Rules vary in the other UK nations of Scotland, Wales and Northern Ireland. You can find out more in our UK Covid travel guide.

CNN’s Karla Cripps, Jack Guy, Lilit Marcus, Francesca Street and Philip Wang contributed reporting.

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With US International Travel Reopening, Expect Higher Prices and Longer Lines

We’re fast approaching November 8, the date the United States’ new system for international travel goes into effect, and fully vaccinated foreign visitors can enter the country under a simpler and more inclusive set of COVID-19 regulations.

Under the new rules, international air arrivals coming from more than 30 countries must be fully vaccinated and provide a negative COVID-19 test taken within three days of boarding their U.S.-bound flight.


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The relaxation of U.S. border restrictions means that foreigners from more than 30 countries, whose citizens have been blanketly banned from entering the U.S. for the past 19 months, may visit for non-essential purposes—perhaps to reunite with friends or family or simply to vacation. That comes as most welcome news to the U.S. travel industry, which was categorically brought to its knees by fallout from the pandemic.

In its announcement earlier this week, the Centers for Disease Control and Prevention (CDC) also stipulated that airlines are to be responsible for collecting passengers’ information and passing it on to the agency for contact-tracing purposes. That’s expected to put additional strain on airport operations, since many carriers are still struggling to keep up in terms of adequate staffing levels and re-training.

Daniel Burnham, senior member operations specialist at Scott’s Cheap Flights, predicted that, with airline personnel being burdened with collecting contact information, and verifying each passenger’s vaccination status and test results, “this will likely cause crowding in the early days of implementing these new rules at many European airports,” as he told NBC News.

So, international travelers trying to fly to the U.S. are likely to encounter significant back-ups, long lines and wait times at the airport. They’re also likely to find fewer bargains on flights and accommodations, especially for hotels in popular U.S. cities, such as New York, Los Angeles and Orlando.

American Airlines gate agents at the counter
American Airlines gate agents at the counter. (photo courtesy of American Airlines)

According to Nicholas Calio, president and CEO of the trade association Airlines for America (A4A), searches and sales for flights to the U.S. are already spiking. “We have seen an increase in ticket sales for international travel over the past weeks,” he said in a statement, “and are eager to begin safely reuniting the countless families, friends and colleagues who have not seen each other in nearly two years, if not longer.”

Of course, as demand increases, so does pricing. The cost of an international flight has risen by an average of 12 percent since last month, Adit Damodaran, an economist for the travel app Hopper, told NBC. “We expect international prices to rise another 15 percent from now until the holidays,” he added.

“Travel searches on Expedia and Hotels.com have been simmering in anticipation of the borders reopening and came to a full boil the moment the U.S. pinpointed November 8,” Melanie Fish of Expedia Brands told the outlet. “Increased demand in 2022 is likely going to mean fewer travel bargains are out there.”

“It’s expected that city hotels in the U.S. will be in high demand—a reverse in trend over the past 18 months,” explained Misty Belles, vice president at the Virtuoso travel network. “So, say goodbye to low rates and flexible cancellation policies.”

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Asia Reopening Boosts Travel, Fashion Brands; Pandemic Winners Take Backseat | Investing News

By Sayantani Ghosh and Byron Kaye

SINGAPORE/SYDNEY (Reuters) – Fashion brands and airlines are creeping back into investors’ good graces in Asia as lockdowns ease and vaccination rises, boosting travel and leisure activities, taking some shine off pandemic stalwarts such as supermarkets and gadget makers.

Earnings report cards show that people are spending less time watching TV or shopping online for groceries as they resume dining out or plan vacations after emerging from coronavirus curbs. Luxury purchases from China’s big spenders, still unable to travel abroad, are also rebounding.

Asia-Pacific airlines are offering more flights as some countries resume domestic travel, and some like Singapore allow quarantine-free travel for select vaccinated visitors. Australia’s planned reopening of state and international borders has led to a surge in bookings.

“There is massive demand for loved ones wanting to get together for Christmas,” Alan Joyce, CEO of Australia’s Qantas Airways said last week. “There is demand for people wanting to take that holiday that they have been looking forward to for nearly two years.”

To be sure, a recovery in the tourism sector in Asia is months away and China’s huge domestic travel market remains in flux. As well, businesses including McDonald’s are still struggling with frequent and temporary curbs that countries impose to control outbreaks.

But airline stocks in the Asia Pacific region climbed nearly 5% over the last three months while global airlines slipped 6% due to a slower-than-expected return of corporate travel.

The broader MSCI All Country Asia Pacific Price Index rose roughly 2% in the same period.

European fashion houses like LVMH and Kering posted stellar results in China as appetite for luxury items remained undimmed, despite power shortages and a property sector crisis hurting the economy.

“China’s population and its middle classes are increasing and their appetite for beauty is not satisfied,” L’Oreal CEO Nicolas Hieronimus said last week.

Hieronimus expects a recent shift in Chinese government policy to narrow the gap between rich and poor to boost the middle class, a sentiment echoed by LVMH.

Japan’s Fast Retailing reported record profits in China last quarter, where it will open its first flagship store next month. Japanese cosmetics giant Shiseido Co believes next summer will be a “turning point” as inbound tourists from China return.

Companies globally are struggling with severe labour shortages, supply bottlenecks and marine logjams as economies bounce back from pandemic lows, resulting in a steep rise in costs https://www.reuters.com/business/only-way-is-up-corporate-chiefs-warn-prices-2021-10-21/#:~:text=Inflation%20watch:%20Corporate%20chiefs%20see%20prices%20moving%20in%20only%20one%20direction,-By%20Siddharth%20Cavale&text=Oct%2021%20(Reuters)%20-%20For,prices%20are%20only%20going%20higher. A long-running chip shortage has disrupted the auto industry.

For supermarkets, among the early winners of the pandemic when people scrambled to stockpile food and toilet paper, the rising inflation is likely to offset some of the post-pandemic slowdown.

Australian grocer Woolworths said on Wednesday that food sales started to slow in October. Its shares have fallen 10% since mid-August when the pace of vaccinations started picking up. The stock rose nearly 40% during the 17 months prior, when coronavirus restrictions were in place.

“The big question now is how many people will return to the offices, how will that play out in terms of at-home consumption?”, said Morningstar retail analyst Johannes Faul.

Pandemic winners are unlikely to turn losers overnight, though, said Jason Teh, chief investment officer at Vertium Asset Management in Sydney. But work-from-home trends that benefitted companies like Australian electronics retailer JB Hi-Fi were waning as vaccination surged, he said.

China’s smartphone sales in the third quarter fell 9% from a year earlier, according to Counterpoint Research.

While pent up demand from supply bottlenecks is likely to support a seasonally strong holiday quarter, sales are starting to slow at chipmakers and component suppliers such as South Korea’s Samsung Electronics and LG Display.

“LCD panels for televisions are expected to see further drops in the fourth quarter as vaccinated people have begun to spend less time in front of screens,” said Park Sung-soon, Seoul-based analyst at Cape Investment & Securities.

(Reporting by Sayantani Ghosh in Singapore and Byron Kaye in Sydney; Additional reporting by Tom Westbrook in Singapore, Jamie Freed in Sydney, Heekyong Yang and Joyce Lee in Seoul, Rocky Swift in Tokyo; Editing by Ana Nicolaci da Costa)

Copyright 2021 Thomson Reuters.

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