How Investors Can Ride Asia’s Growing Tourism Boom

Core Insights - Asia's tourism sector is experiencing a significant recovery post-COVID-19, driven by pent-up demand in travel and consumer spending [1][14] - Companies with direct links to hospitality and aviation are well-positioned to benefit from this recovery [1][15] Group 1: CDL Hospitality Trusts (SGX: J85) - CDL Hospitality Trusts holds a diverse portfolio of hotels and resorts across multiple countries, allowing for operational efficiencies [3][6] - For 1H2025, revenue decreased by 1.7% YoY to S$125.1 million, with net property income falling 11.9% YoY to S$58.6 million [4][5] - Despite mixed results, certain regions like Japan and Perth showed strong RevPAR growth of 13.7% and 15.9% YoY respectively [4][5] Group 2: Genting Singapore (SGX: G13) - Genting Singapore operates Resorts World Sentosa, benefiting from increased visitor numbers post-pandemic [7][8] - Revenue for 1H2025 was S$1.2 billion, reflecting a 10% decrease due to renovations and temporary closures [7][8] - The opening of the Singapore Oceanarium is expected to enhance recovery in the non-gaming segment [9] Group 3: SATS Ltd (SGX: S58) - SATS Ltd is a leading provider of ground handling and food solutions, experiencing a 9.9% YoY revenue increase in 1QFY2026 [11][12] - Gateway Services revenue rose 11.2% YoY to S$1.18 billion, while Food Solutions revenue increased by 5.6% YoY to S$328.3 million [12] - The company faces risks from external disruptions and revenue concentration, but remains a key beneficiary of the tourism boom [13]