It's no secret that exporters and companies with USD earnings have been beneficiaries of a lower AUD, and this has been well reflected in prices. After peaking at just over US$1.10 in 2011, the AUD has since fallen to 70c. A less talked-about beneficiary of the lower AUD is tourism; as the AUD falls, travel becomes cheaper for those who earn their wages in a foreign currency. The flow on effect can be seen in a variety of data sources. ABS figures show inbound tourism increased 9.7% in the year to November 2015, hotel occupancy and room rates have been steadily rising in popular overseas tourist areas, and international traffic at Sydney Airport has surged over 8% in the past year. But where should investors look to capitalise on this trend? In this episode of Buy Hold Sell, Geoff Wilson from Wilson Asset Management and Ben Clark from TMS Capital share their views on five stocks with a tourism tailwind.