Australians are increasingly taking vacations at home rather than flying overseas, as highlighted by recent data showing international net departures were down 20% on-year in September. Also, Chinese tourist arrivals rose 23% in September, helping to fill hotel rooms that might otherwise have remained empty, fill cinemas, cruise ships & boost theme parks. This huge lift in tourism will be gather further momentum over the years ahead as the weaker currency provides a big boost to the industry via more high-spending overseas visitors and Australians choosing to holiday at home. Below I have listed the 4 biggest beneficiaries that may be worth considering for a strong 2016 for the above reasons. While the pace of growth in the global economy has been slower than anticipated, it has nevertheless supported international visitor arrivals growing above trend, as both the depreciation of the Australian dollar and a sharp fall in oil prices—which both increases income growth and reduces the cost of travel—have buoyed demand for the Australian experience. BUY- Mantra (MTR), Sea Link (SLK) & Event Hospitality (EVT)
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