MENU

5 ways you can profit from the tourism boom

On Friday the Australian Bureau of Statistics (ABS) released its tourism data for the month of August.

That data revealed that Australia welcomed 783,300 short-term visitors to its shores during the month, which was an increase of 0.7% on the prior month and a 4.8% lift on the prior corresponding period.

The main drivers of this growth was tourism from New Zealand, China, and Japan. Inbound visitors from these nations rose 2.7%, 2.6%, and 7.5%, respectively, on the prior corresponding period.

Larger increases were seen from India (16.5%) and Hong Kong (11.8%), but these were from a much lower base.

One small disappointment was inbound tourism from the United States. Tourism numbers coming across the pond fell 4% on the prior corresponding period. Increasing airfares due to higher oil prices could be to blame for this.

In addition to the inbound data, the ABS also provided data on resident returns. During August Australia welcomed home 934,300 residents who had been away on short-term trips during the month. This was a 0.3% increase on July’s numbers and a 6% increase on the same period last year.

During the month there was a 5.1% increase in returns from Indonesia, a 1.1% lift from New Zealand, a 6.8% jump from the U.K., and a 2.7% rise from the United States.

How can you profit?

I believe this data confirms that the inbound and outbound tourism boom continues unabated. And with no signs of the boom slowing any time soon, it could mean that tourism shares are well-positioned to benefit greatly for the foreseeable future.

My preferred picks in the space are integrated travel agent Helloworld Travel Ltd (ASX: HLO) and leading online travel agent Webjet Limited (ASX: WEB).

However, casino and resorts operator Crown Resorts Ltd (ASX: CWN), ferry company Sealink Travel Group Ltd (ASX: SLK), and airport operator Sydney Airport Holdings Pty Ltd (ASX: SYD) could be equally good options for investors.

Looking for more growth share ideas? Then don't miss out on these quality shares that have been tipped for big things.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Crown Resorts Limited and Sydney Airport Holdings Limited. The Motley Fool Australia owns shares of Helloworld Limited. The Motley Fool Australia has recommended Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.