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Flight Centre Travel Group Limited ( (AU:FLT) ) just unveiled an update.
Flight Centre Travel Group Limited has sold its Asia-based hotel management business, Cross Hotels and Resorts, to South Korea’s Sono International Co. Ltd. This strategic move allows Flight Centre to concentrate on other growth opportunities within its Horizon Three business, such as relaunching Topdeck as a small group tour operator and expanding Discova’s community development projects in Asia.
The most recent analyst rating on (AU:FLT) stock is a Hold with a A$13.00 price target. To see the full list of analyst forecasts on Flight Centre Travel Group Limited stock, see the AU:FLT Stock Forecast page.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited is a global travel company that operates in the leisure and corporate travel sectors. Its Horizon Three business includes coach touring, destination management, and cycle touring services, focusing on Europe and Asia.
YTD Price Performance: -23.43%
Average Trading Volume: 1,679,969
Technical Sentiment Signal: Sell
Current Market Cap: A$2.65B
See more data about FLT stock on TipRanks’ Stock Analysis page.