If you’re looking to invest in the travel industry, Asia is a great place to start. These seven stocks are some of the best options in the region. Each offers something different, so be sure to do your research before making any decisions. With tourism on the rise in Asia, these companies are poised for success.
Why invest in travel stocks?
The travel industry is booming. Post-Covid, many are taking up travelling again, and airline and accommodation sales have been hitting new highs. If you are thinking of investing in travel stocks, this is a good time to jump on the wagon, when stocks are just beginning to recover with the potential to soar.
The six best travel stocks to invest in Asia
As an investor, you can take advantage of this growth by investing in companies that stand to benefit from it. Here are seven of the best travel stocks to buy in Asia.
China Eastern Airlines Corporation Ltd (CEA)
Based in Shanghai, China Eastern Airlines is one of the three major airlines in China. It’s also one of the largest airlines in Asia, with a fleet of over 700 aircraft. The company has been increasing in recent years. Between 2012 and 2016, its revenue increased from $10 billion to $24 billion. And in 2017, it carried a record-breaking 80 million passengers.
Investors should keep an eye on China Eastern Airlines as the country’s economy continues to grow. The airline is well-positioned to benefit with more people expected to travel in the coming years.
AirAsia Berhad (AIRA)
AirAsia is a low-cost carrier based in Malaysia. It’s the largest airline in Southeast Asia, with a fleet of over 200 aircraft. AirAsia has been one of the fastest-growing airlines in the world. Between 2012 and 2016, its revenue almost tripled from $2 billion to $6 billion. In 2017, it carried a record-breaking 68 million passengers.
The company is expanding rapidly in Southeast Asia and beyond. It recently launched new routes to India, China, and Japan. And it’s planning to start services to Europe and the United States shortly. Investors should consider buying AirAsia shares as the airline continues its expansion plans.
Of course, when it comes to investing in travel, Singaporeans will not pass up Singapore Airlines, the flag carrier airline of Singapore. Based locally, it had a revenue of 3.8 billion SGD from 2020-2021 despite it being the height of the pandemic. With Covid over and Singapore opening up its borders completely without restrictions, Singapore Airlines is only going to make more profits.
ANA Holdings Inc (9202)
ANA Holdings is the largest airline in Japan. It’s based in Tokyo and has a fleet of over 200 aircraft. ANA Holdings has been growing steadily in recent years. Between 2012 and 2016, its revenue increased from $17 billion to $20 billion. In 2017, it carried a record-breaking 50 million passengers.
The company is expanding its international routes and recently launched services to Singapore and Bangkok. It’s also planning to start flights to other major cities such as New York, Los Angeles, and Toronto shortly.
Korean Air Lines Co Ltd (003490)
Korean Air Lines is the flag carrier of South Korea. It’s based in Seoul and has a fleet of over 160 aircraft. Korean Air Lines has been growing steadily in recent years. Its revenue increased between 2012 and 2016 from $11 billion to $14 billion. In 2017, it carried a record-breaking 26 million passengers.
The company is expanding its international routes and recently launched services to Los Angeles and Vancouver. It’s also planning to start flights to other major cities such as New York, London, and Paris shortly.
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