China’s Booming Tourism Industry: 2 Stocks Investors Should Buy Now [The Motley Fool]
SAMSONITE INTL UNSP/ADR (SMSEY)
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Source: The Motley Fool
China’s Booming Tourism Industry: 2 Stocks Investors Should Buy Now With the emergence of low-cost airlines, travel has become much more affordable for the masses. This has led to a boom in the tourism industry as the middle-class are increasingly viewing holidays as an integral aspect of their spending. Tourist arrivals for the period January to June 09 increased 6% year-on-year for Asia, driven by Chinese outbound tourism. Though the trade tensions between the US and China threaten to dampen demand for goods and services (as a result of the tariffs imposed by both sides on goods and services), the Chinese should still drive growth in the tourism industry through both outbound and domestic travel. Image Source: Getty Images. This is a multi-year growth phenomenon and investors who wish to participate in this growth should consider investing in companies that provide exposure to this secular growth trend. Here are two companies that provide investors with exposure to the booming touri
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