The Best ASX Travel Stocks
to buy Now In
April 2024

Check out our Industry Experts’ report and
analysis on the Best Travel Stocks right now on the ASX

The Best ASX Travel Stocks to buy Now In April 2024

Check out our Industry Experts’ report and analysis on the Best Travel Stocks right now on the ASX

ASX Travel Stocks

Investment possibilities have always been plentiful on the Australian Securities Exchange (ASX), but travel stocks have become especially interesting in recent years, particularly in a post-COVID world.

Whether you're an experienced investor or just getting started, the ASX travel stocks provide a fantastic chance to broaden your holdings. This article will discuss the benefits of investing in travel shares on the Australian Stock Exchange (ASX), the best five travel stocks to purchase on the ASX, and the factors that will propel these stocks through 2023.

Why Consider ASX Travel Stocks?

supplier-2 (1)

Growth Potential

More people than ever before can travel. As more and more people travel - for business and leisure - ASX travel stocks could well be beneficiaries. Companies such as airlines and travel agencies are essential for travel.  

gold-stock-circle-icon-1

Diversification

Investing in travel shares on the Australian Stock Exchange (ASX) is a great way to diversify your portfolio and increase your profits by reducing your overall risk. Many specific ASX travel stocks are big players in their industries. 

diversify

Innovation and Adaptation

When faced with adversity, the travel sector has shown to be very resilient and creative. Companies that have accepted the change, developed innovative technologies and discovered fresh ways to connect with consumers are among the best travel stocks to purchase on AS                                                                

Get the Latest Stock Market Insights for Free with
Stocks Down Under & Pitt Street Research

Join our newsletter and receive exclusive insights, market trends, investment tips, and updates delivered directly to your inbox. Don't miss out – subscribe today and make informed investment decisions.

What's Driving ASX Travel Stocks in 2024?

Although leisure travel is all but back to pre-pandemic levels, business travel is yet to return and some individual markets are yet to recover. Furthermore, consumers are proving a sustained interest in travel beyond the 'revenge travel' phase that occurred once borders were opened.

3 Best ASX Travel Stocks to Buy Now in 2024

Kelsian (ASX: KLS)

Formerly known as SeaLink, this corporation manages a transportation network that includes boats, buses, trains, trams, and even ferries. Domestic and regional travel sectors, in which the firm is heavily involved, rebounded more quickly than international travel, to the company's advantage. It recently bought American bus operator All Abroad America, marking its first foray into North America.

Corporate Travel Management (ASX: CTD)

Travel management services are offered by Corporate Travel Management to businesses all around the world. The organisation provides several services, including the management of travel policies, budgets, and reporting in addition to the booking of flights, hotels, auto rentals, and visas. Although business travel is yet to return to pre-COVID levels, it is higher margin than leisure travel and therefore a better space to be in.

Alliance Aviation Services (ASX: AQZ)

Alliance Aviation is a charter and group travel specialist. Alliance Aviation's share price actually increased during the pandemic given its customers continued to demand charter services, shunning regular commercial services. It has benefited from wet lease deals with Virgin Qantas, although an attempt by Australia’s flag carrier to buy the company has proven unsuccessful thus far.

3 Best ASX Travel Stocks to Buy Now in 2024

Kelsian (ASX: KLS)

Formerly known as SeaLink, this corporation manages a transportation network that includes boats, buses, trains, trams, and even ferries. The share price of Sealink increased by 115.5% in the 2021 fiscal year, making it the best-performing travel stock in that year - a fair effort considering the disruption. Domestic and regional travel sectors, in which the firm is heavily involved, rebounded more quickly than international travel, to the company's advantage. It recently bought American bus operator All Abroad America, marking its first foray into North America

Corporate Travel Management (ASX: CTD)

Travel management services are offered by Corporate Travel Management to businesses all around the world. The organization provides several services, including the management of travel policies, budgets, and reporting in addition to the booking of flights, hotels, auto rentals, and visas. Although business travel is yet to return to pre-COVID levels, it is higher margin than leisure travel and therefore a better space to be in.

Alliance Aviation Services (ASX: AQZ)

Australian-based Alliance Aviation is a charter and group travel specialist. Alliance Aviation's share price increased by 53.2% in the 2021 fiscal year. Despite the pandemic’s impact on air travel, the airline benefited from the increased demand for charter transportation services, especially among FIFO workers. It has benefited from a wet lease deal with Qantas, although an attempt by Australia’s flag carrier to buy the company has proven unsuccessful due to the ACCC’s concerns about the impact on competition. In FY23, it recorded $517m in revenues (up $148m) and a $52m profit (up from a loss of $7.1m).

FAQs on Investing in Travel Stocks

Growth potential may be found in ASX travel equities, particularly when the sector is recovering. However, they do have dangers, just like any investments. Before making an investment, careful study and consideration of the market environment are vital.

Our Analysis on Travel Stocks

A2B

A2B Australia (ASX:A2B) got one of the last takeover offers of 2023

December 28, 2023

ComfortDеlGro, thе transport bеhеmoth of Singaporе, gave A2B Australia (ASX:A2B) an early Christmas present. Thе parеnt company of 13cabs and…

Why Is Webjet’s Stock still lagging over 45% below its pre-COVID peak? Look above the Clouds!

December 1, 2023

Webjet (ASX: WEB), a prominent player in the online travel agency sector, has seen its stock plummet by 10.3% over…

uber

Uber (NYSE:UBER): Finally mature and profitable, but with more growth to come

November 15, 2023

A decade and a half since it was founded, Uber (NYSE:UBER) is finally a mature company. It is about to…

airline stocks and fuel prices

Airline stocks and fuel prices: Air New Zealand (ASX:AIZ) and Qantas (ASX:QAN) investors just got a painful reminder about the aviation industry’s biggest cost

September 28, 2023

The relationship between the performance of Airline stocks and fuel prices has seemingly been forgotten in the past couple of…