Strategy Note /
Global

Tourism in emerging markets: Cheap holidays for investors

  • Global tourism is recovering and while recession is a risk there is a very long way simply to match pre-Covid levels

  • Many emerging markets have a high contribution to GDP from tourism; directly, at least 5% (likely over 10% indirectly)

  • Tourism exposure in equity markets cheapest in Egypt, Georgia, Philippines, and Thailand; most expensive in Iceland

Tourism in emerging markets: Cheap holidays for investors
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
12 July 2022
Published byTellimer Research

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