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Passports to profit? and Asia’s travel boom

The world’s two most populous countries have caught the travel bug.

According to IATA, Chinese domestic flights now represents 11% of total commercial aviation. In 1990 it was 1%. Meanwhile domestic air travel in India is nine times bigger than it was in 1990.

The amazing growth in the Chinese and Indian travel markets is a long-term trend. But it’s also a bounceback from the stuck-at-home horrors of Covid.

Both those factors are underpinning the success of, which owns China’s biggest online travel agency – and half its Indian equivalent.

In this video our Co-Chief Investment Officer Clay Smolinski explores Platinum’s decision to buy into at exactly the right, wrong time - the peak of Covid.

Trip is a holding in the Platinum International Fund, the Platinum Asia Fund and the Platinum Global Fund (Long Only). Trip shares have averaged a 15% annual return for the past three years (Source: Factset, in AUD, 24/5/24).
Disclaimer The above information is commentary only (i.e. our general thoughts). It is not intended to be, nor should it be construed as, investment advice. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Before making any investment decision you need to consider (with your financial adviser) your particular investment needs, objectives and circumstances.

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