Strategy Note /
Global

Tourism is cheap and its time may have arrived in emerging market equities

  • Covid vaccination (or high levels of prior infection) is finally allowing tourist travel to open up

  • Iceland's monthly visitor data continues to show how fast and how far the sector might recover

  • The Philippines is the cheapest of several attractively valued tourism-exposed emerging equity markets

Tourism is cheap and its time may have arrived in emerging market equities
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
22 September 2021
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