Australia poised to benefit from Chinese tourism boom: CLSA
Chinese travellers are poised to look beyond nearby destinations such as Hong Kong and Macau as income levels rise and they widen their horizons, leading to a boom in arrivals to Australia.
A new report by broker CLSA found Sydney Airport, Treasury Wine Estates and shopping centre operator Scentre Group could prove to be among the biggest corporate beneficiaries from the growth in inbound tourism and has buy recommendations on all three companies as a result.
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