Genting Singapore saw its return hit 10.8% in January YTD.
This chart from the Singapore Exchange (SGX) shows that the 15 largest tourism-related stocks saw average returns of 2.7% YTD in January.
Genting Singapore is the top performer as its total return hit 10.8% YTD. Also rounding up the top five are Singapore Airlines (3.5%), Mandarin Oriental (-7.1%), Ascott Residence Trust (8.3%), and Hotel Properties (3.3%).
Visitor arrivals to Singapore hit 9.2 million in the first half of 2018 with Chinese tourists driving the growth.
SGX noted that the 15 stocks saw their three-year total returns averaging 20.8%.
“Despite concerns over slowing global growth, Singapore’s tourism sector has enjoyed consistent growth in international arrivals over the past four years,” SGX said, noting that January to November 2018 saw more than 16 million international visitor arrivals which is a 6.6% YoY growth.
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