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Travel sector dividends to reach US$8.5 billion in FY2024 on sustained recovery, demand growth: report

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Megan Cheah

Megan Cheah

Published Wed, Aug 16, 2023 · 05:00 AM
    • In particular, China – Apac’s main growth driver – and Hong Kong have the biggest recovery potential as the rebound for tourism activities there has not come into full force yet.
    • In particular, China – Apac’s main growth driver – and Hong Kong have the biggest recovery potential as the rebound for tourism activities there has not come into full force yet. PHOTO: REUTERS

    TRAVEL and leisure companies in the Asia-Pacific region (Apac) are expected to dole out aggregate dividends of at least US$8.5 billion in FY2024, surpassing pre-Covid numbers, said research house S&P Global Market Intelligence. 

    This comes as visitor arrivals in Apac rebounded strongly this year after the easing of Covid-related restrictions, noted the research house’s senior analyst Ralph Chen in a recent report.

    The report examined 69 travel and leisure companies, with the US$8.5 billion derived from their projected dividends. These companies had paid out a total of US$7.3 billion in dividends in FY2019. 

    TravelDividendsRetailAirlinesChinaHong Kong

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