The European tourism sector continues its rises in the stock market today, given the growing expectation of a recovery in activity after the United Kingdom announced that it plans to lift restrictions on international flights as of May 17.
The CEO of Heathrow airport today joined this message of optimism for the sector and has advanced that the United Kingdom could be the first country to fully recover international air traffic, thanks to its rapid vaccination campaign, which It is promoting the whole of the tourism sector in the Stock Market.
IAG is the best value of the Ibex and it is pointing a rise of 3.2%, adding a rebound of 14% so far this week. The tourism sector is the one that rises the most today in Europe, with an advance of 1.3% that reinforces its rebound so far this month of February. Tourism points to the largest sectoral rise of the month, since it accumulated a revaluation in February of more than 18%. And in the computation so far this year it adds up to a 13.5% rise, only surpassed by the rebound in the raw materials sector, which is up 18%.
Today, the cruise company Carnival is the one that rises the most within the sector in Europe, almost 6%, followed by the German tour operator Tui, with an increase of more than 5%. With these advances, the European tourism and travel sector index is already recovering to its pre-pandemic levels, in February last year, after rising more than 115% from the March lows.
The discovery of the coronavirus vaccines last November was the starting point for the comeback in the sector in the Stock Market, severely punished by the pandemic. And despite the new restrictions on mobility in 2021 and the shocks in the distribution of the vaccine, tourism companies maintain their stock market recovery, in the expectation of a return to activity that allows a certain normality in the summer campaign .
Heathrow Airport CEO John Holland-Kaye said today that the UK “is on the threshold of becoming the first country in the world to safely resume international travel and trade.” It is likely “that citizens will be able to go on vacation next summer after the de-escalation plan announced on Tuesday by British Prime Minister Boris Johnson, which will allow international travel from 17 May.
British tourism, key to the Spanish hotel industry, is now the great hope for that recovery. The British government’s announcement has skyrocketed flight and accommodation bookings. Tui, Easyjet and Rayanair have confirmed Spain as one of the favorite destinations within these reserves, along with Greece, Italy and also Turkey.