DOMESTIC TOURISM BOOM→ GROWING TREND THAT IS STILL IN ITS INFANCY BIGGEST BENEFICARIES: MTR, SLK & EVT

James Nicolaou

Baillieu Holst Ltd

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)


James Nicolaou
Institutional Research Sales & Trading
Baillieu Holst Ltd

James' personality exhibits a strong passion for the share market, born out of his hard working and loyal nature which compliments his outstanding commitment to client service and an unmatched level of enthusiasm. James has been working @ Baillieu...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.