4 stocks to benefit from the tourism boom
There are many different strategies of how to invest. One key strategy can be to identify long-term tailwinds that will boost a business or even a whole industry.
All of the international tourists have to fly into an airport and they’re most likely going to pick Australia’s biggest city to fly into.
Crown Resorts Ltd (ASX: CWN)
Crown is the owner of the casino hotel resorts in Melbourne and Perth. Some tourists will want to gamble or stay at the city’s most luxurious hotel, which is exactly what Crown offers.
The business is also building another complex at Sydney’s Barangaroo and adding another hotel to its Melbourne complex over the next decade.
Mantra Group Ltd (ASX: MTR)
Mantra is the owner of the hotel chain of the same name which operates in Australia and in other countries too.
A lot of tourists will want to stay at a quality hotel without breaking the bank to do so. Mantra hotels are a great middle range option, which is why its number of guests could continue to rise.
Auckland Airport is similar to Sydney Airport in that it acts as the main airport for the biggest city in the country. The airport is also reporting a large increase in passenger numbers and I expect this to continue.
I think all four companies could see long-term growth thanks to tourism tailwinds. None of them are among my favourite businesses but I can see why investors like them.
For other stocks that are benefiting from long-term tailwinds with big growth prospects, you should read this.
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