Tourism Data shows strength again

James Nicolaou

Baillieu Holst Ltd

Australian inbound tourism data for July 2016 has just been released, and shows some positive trends, including: Total inbound for July 2016 at 716k (+14.1% pcp); 12 Months to July 2016 at 7.94m (+10.6% pcp v 10.0% at end June 2016); Leisure 12 months to July 2016 at 6.0m (+14.8% pcp v 13.7% at end June 2016); Chinese inbound 12 months to July 2016 at 1.2m (+23% pcp); Japanese inbound 12 months to July 2016 at 382k (+17% pcp); US inbound 12 months to July 2016 at 671k (+16% pcp). The only negative in the data is that business inbound was soft (-1.2% YTD) although business makes up only 8% of arrivals. The best Exposures to play this tourism thematic are, in order of preference are: 1) Mantra Group (MTR) - BUY $4.95 P.T; 2) Village Roadshow (VRL) - BUY $5.80 P.T; 3) Ardent Leisure Group (AAD)- BUY $3.30 P.T.


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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...

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