Thursday, December 20, 2007

Australia's tourism sector is running hot

AUSTRALIA'S tourism sector is running hot, with the robust economy and strong dollar bolstering the fortunes of two key players.

Travel agency network Jetset Travelworld yesterday lifted its interim profit guidance, tipping a 45 per cent jump in its result for the first half.

Meanwhile, funds management group MFS said its hotel business, the Stella Group, is on track to exceed $100 million in earnings before interest, tax, depreciation and amortisation over the same period.

Outback Australia Travel