The start of a new year is a useful moment to step back and reassess where long-term growth is coming from.
In 2026, I'm drawn to ASX growth stocks that are still scaling, still taking share, and still proving their models across larger markets.
Two ASX stocks that stand out to me on that basis are named below.
Lovisa Holdings Ltd (ASX: LOV)
Lovisa has established itself as one of the ASX's most compelling global retail growth stories.
The company operates a fast-fashion jewellery model that has proven highly scalable across geographies. With more than a thousand stores operating across over 50 markets, Lovisa continues to demonstrate that its concept travels well. Growth has been driven primarily by ongoing store expansion, supported by disciplined execution and a strong focus on returns on capital.
What I like about Lovisa is that it doesn't rely solely on strong consumer spending to succeed. Its ability to open new stores at attractive economics has been the key growth driver, rather than needing aggressive comparable sales growth. That makes the story more resilient than many traditional retailers.
Retail will always be cyclical to some extent, but Lovisa's global footprint and operational flexibility give it options. If management continues to execute as it has in recent years, I think the business has plenty of room to keep growing in 2026 and beyond.
SiteMinder (ASX: SDR)
SiteMinder offers exposure to a very different kind of growth, one driven by software adoption rather than physical expansion.
The company provides cloud-based software that helps hotels manage bookings, pricing, and distribution across multiple channels. As the global hospitality industry becomes more digitised, tools like SiteMinder's are increasingly becoming essential infrastructure rather than optional add-ons.
What stands out to me is the size of the opportunity still ahead. The hotel market is large, fragmented, and relatively early in its software adoption curve. That gives SiteMinder a long runway to grow both its customer base and the amount it earns from each customer over time.
Profitability remains a work in progress, which can lead to share price volatility. But for growth investors, that volatility often comes with opportunity. As the business scales and operating leverage improves, the financial profile could look very different to today.
Why these two stand out in 2026
Lovisa and SiteMinder operate in very different industries, but they share some important characteristics. Both have proven business models, expanding addressable markets, and management teams focused on long-term growth rather than short-term optics.
Neither stock is risk-free, and both will likely experience ups and downs along the way. But for investors looking to add growth exposure in 2026, I think they represent two compelling ways to back businesses that are still in the expansion phase of their journeys.
Foolish Takeaway
For me, 2026 doesn't require a new investing playbook; it just requires selectivity. Lovisa offers global retail expansion backed by execution, while SiteMinder provides exposure to the ongoing digitisation of the hospitality industry. For investors with a long-term mindset, I believe these two ASX growth stocks remain well-positioned as the year unfolds.
