This data appears to show that both inbound and outbound tourism growth is slowing in Australia, which could be bad news for the likes of Crown Resorts Ltd (ASX: CWN) and Star Entertainment Group Ltd (ASX: SGR).
I think that this integrated travel company could be a good investment due to its attractive valuation and positive growth prospects. Due to being caught up in in a political scandal earlier this year, Helloworld’s shares have fallen heavily and now trade at just 15x trailing earnings. I think this makes them dirt cheap considering management recently reaffirmed its full year EBITDA guidance of $76 million to $80 million. This will be an increase of 20.5% to 27% on FY 2018’s result.
Another top travel share to consider buying is this leading online travel agent. Due to the growing popularity of its numerous booking brands, the continued shift to online booking, its fast-growing WebB business, and recent acquisitions, I believe Webjet is well positioned to continue growing its earnings at a very strong rate for the foreseeable future.
Alternatively, here is a small cap share that was just rated as a buy and tipped for very big things.
And make no mistake – it is coming. To the tune of an estimated $US22 billion.
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