Published on : Wednesday, June 20, 2018
I believe that there’s a way to play with both of the above themes simultaneously through tourism shares.
When a person gets retired and hits their ‘golden years’ they are interested to travel the world and explore new places. The Asian middle class has worked hard to generate wealth for themselves and now they are keen to see the world as well.
Certainly, the number of Chinese tourists is reportedly growing at over 20% per annum. That is a major growth of a potential addressable market.
Keeping that in mind, here are few ideas to take advantage:
Auckland International Airport Ltd (ASX: AIA)
I believe this is one of the best ways to contact the tourism tailwind on the ASX. People coming to (or leaving) New Zealand will fly through Auckland Airport since it’s the main airport of the country.
Sydney Airport Holdings Ltd (ASX: SYD)
Sydney Airport is profiting from the rise of passengers arriving into Australia’s tourist hub. The company reported today that total international passengers increased by 5.6% last month compared to May last year.