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Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS)
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Roots Corporation (ROOT)
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Intercontinental Hotels Group American Depositary Shares (Each representing one) (IHG)
Q: I used to own a REIT called INN . A play on the Canadian tourism industry . I did quite well on it and sold it for a tidy profit when they were bought out . With our southern neighbors rapidly approaching " Most Hated Nation " status coupled with their currently well publicized Gestapo tactics at the border resulting in travel alerts in at least five countries ..... I am curious in what ways I can invest in the Canadian tourism industry ? On social media I am reading a lot of European and Aussie tourists are planning trips to Canada instead of the U.S. .... Any suggestions of an approach to investing in Canadian tourism ? I am looking for Canada " only " options . If there are no " Canada " options how about Europe ? Not interested in any company that even uses U.S. airspace..... I'm an " Elbows Up " Canucklehead .....
Of course one other concern is Trump throwing the world into recession and the travel industry suffering as a result. Could 5i comment on that thesis as well ? ..... Thanks for your terrific service .....
Of course one other concern is Trump throwing the world into recession and the travel industry suffering as a result. Could 5i comment on that thesis as well ? ..... Thanks for your terrific service .....
5i Research Answer:
While there are not many Canadian publicly traded tourism stocks, we think that AC can benefit in this scenario. A few apparel names that can benefit if travelers opt to buy 'authentic' Canadian brands includes: GOOS and ROOT.
For Europe, there is the iShares StOXX Europe 600 Travel and Leisure ETF (EXV9), but it trades internationally. Intercontinental Hotels (IHG) trades on the US exchanges.
In general, a weak global economy and greater uncertainty will cause individuals to reduce their discretionary spending, and while the travel may be diverted to Canada from the US, we think that a global slowdown will result in reduced overall travel.