7 attractive dividend-paying stocks benefiting from the travel boom

Sustainable dividends from hotel and leisure stocks spurred by resurgent travelGlobal travel has regained nearly all the ground lost to the pandemic as inflation woes do little to scuttle vacation plans.

In fact, the World Travel & Tourism Council now expects revenue in the global travel and tourism sector to reach US$9.5-trillion in 2023. That’s just 5-per-cent below the record high in 2019, before pandemic lockdowns grounded most leisure travel. All in all, the rebound has been a big boost to airlines, hotels, cruise lines, online travel brands, time-share operators and more.

We’re looking for top dividend payers among today’s leading hotel and leisure firms. We’ll then apply our TSI Dividend Sustainability Rating System to those with the strongest prospects for continuing growth even if demand in the sector slows.

Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above-average sustainability; average sustainability, four to six points; and below average sustainability, one to three points.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Early trading mixed but Dow appears primed to extend incredible streakTrading is mixed before the opening bell Thursday with more corporate earnings reports incoming and new data on jobs in the U.S. and housing.
Source: CTVCalgary - 🏆 26. / 68 Read more »

S&P/TSX composite down as tech stocks fall, U.S. stocks mixed | Globalnews.caLosses in the technology stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets were mixed.
Source: GlobalNational - 🏆 81. / 51 Read more »