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

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.