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Australian (ASX) Hospitality Industry Analysis

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies23
  • 7D-1.0%
  • 3M-16.6%
  • 1Y-17.1%
  • YTD-16.6%

In the last week, the Hospitality industry is flat overall, with Light & Wonder standing out by going down 3.2%. As for the longer term, the industry has declined 17% in the last year. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Australian Hospitality Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026AU$52.6bAU$23.6bAU$1.5b24.5x34.1x2.2x
Mon, 02 Mar 2026AU$56.8bAU$23.6bAU$1.3b27.7x42.2x2.4x
Wed, 28 Jan 2026AU$77.0bAU$28.1bAU$1.9b29.9x40.5x2.7x
Fri, 26 Dec 2025AU$76.2bAU$28.2bAU$1.9b31.5x39.6x2.7x
Sun, 23 Nov 2025AU$62.7bAU$23.3bAU$1.3b31.4x46.9x2.7x
Tue, 21 Oct 2025AU$70.4bAU$24.6bAU$1.4b34.9x51.2x2.9x
Thu, 18 Sep 2025AU$73.2bAU$24.6bAU$1.3b35.2x55x3x
Sat, 16 Aug 2025AU$73.6bAU$24.6b-AU$894,459,217.0030.2x-82.3x3x
Mon, 14 Jul 2025AU$71.5bAU$24.6b-AU$895,993,544.0032.5x-79.8x2.9x
Wed, 11 Jun 2025AU$69.4bAU$24.6b-AU$854,437,544.0027.5x-81.2x2.8x
Fri, 09 May 2025AU$71.7bAU$24.5b-AU$667,337,544.0020.4x-107.5x2.9x
Sun, 06 Apr 2025AU$66.0bAU$24.6b-AU$357,022,544.0020.5x-184.8x2.7x
Tue, 04 Mar 2025AU$76.2bAU$24.6b-AU$357,089,544.0024.8x-213.4x3.1x
Thu, 30 Jan 2025AU$76.6bAU$24.6b-AU$917,403,528.0024.2x-83.4x3.1x
Sat, 28 Dec 2024AU$75.2bAU$24.6b-AU$912,156,528.0023.7x-82.5x3.1x
Mon, 25 Nov 2024AU$73.3bAU$24.6b-AU$914,256,528.0023.5x-80.2x3x
Wed, 23 Oct 2024AU$67.9bAU$24.6b-AU$731,088,528.0021.5x-92.8x2.8x
Fri, 20 Sep 2024AU$70.0bAU$24.5b-AU$196,095,201.0022.3x-357.2x2.9x
Sun, 18 Aug 2024AU$68.3bAU$23.9bAU$385.0m22.7x177.5x2.9x
Tue, 16 Jul 2024AU$68.7bAU$23.9bAU$385.0m22.4x178.5x2.9x
Thu, 13 Jun 2024AU$61.1bAU$23.6bAU$365.2m23.5x167.4x2.6x
Sat, 11 May 2024AU$56.5bAU$23.4bAU$292.0m24.7x193.6x2.4x
Mon, 08 Apr 2024AU$59.8bAU$23.4bAU$292.0m25.8x204.7x2.6x
Wed, 06 Mar 2024AU$62.2bAU$23.4bAU$288.9m29.3x215.4x2.7x
Fri, 02 Feb 2024AU$70.5bAU$24.8b-AU$868,553,717.0033.4x-81.1x2.8x
Sun, 31 Dec 2023AU$69.3bAU$24.8b-AU$868,553,717.0033.7x-79.8x2.8x
Tue, 28 Nov 2023AU$65.2bAU$24.7b-AU$887,457,717.0033x-73.5x2.6x
Thu, 26 Oct 2023AU$66.2bAU$24.2b-AU$1,296,867,811.0034.2x-51.1x2.7x
Sat, 23 Sep 2023AU$67.5bAU$24.2b-AU$1,304,490,915.0033.7x-51.8x2.8x
Mon, 21 Aug 2023AU$70.1bAU$23.6b-AU$738,689,774.0034x-94.9x3x
Wed, 19 Jul 2023AU$68.7bAU$23.6b-AU$742,294,541.0032.9x-92.5x2.9x
Fri, 16 Jun 2023AU$67.8bAU$23.5b-AU$714,143,541.0028.6x-95x2.9x
Sun, 14 May 2023AU$69.7bAU$23.0b-AU$889,670,541.0031x-78.3x3x
Tue, 11 Apr 2023AU$68.1bAU$23.0b-AU$889,670,541.0030.3x-76.6x3x
Price to Earnings Ratio

-76.6x


Total Market Cap: AU$68.1bTotal Earnings: -AU$889,670,541.00Total Revenue: AU$23.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Hospitality Industry Price to Earnings3Y Average -26.9x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Hospitality industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.1x which is higher than its 3-year average PE of -26.9x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Australian Consumer Discretionary industry?

AU Market0.63%
Consumer Discretionary-0.66%
Hospitality-0.97%
Casinos and Gaming-0.25%
Hotels, Resorts and Cruise Lines-2.06%
Leisure Facilities-3.15%
Restaurants-7.09%
Industry PE
  • Investors are most optimistic about the Leisure Facilities industry even though it's trading below its 3-year average PE ratio of 81.1x.
    • Analysts are expecting annual earnings growth of 75.1%, which is lower than the prior year's growth of 130.4% per year.
  • Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.2x.
Forecasted Growth
  • Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 75% over the next 5 years.
  • However this is lower than its past earnings growth rate of 130% per year.
  • In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ALL Aristocrat LeisureAU$46.150.3%
+AU$68.5m		-24.5%PE23.5x
HLO Helloworld TravelAU$1.473.9%
+AU$9.0m		3.2%PE5x
PBH PointsBet HoldingsAU$0.872.4%
+AU$7.0m		-17.5%PS1.1x
BET Betmakers Technology GroupAU$0.173.0%
+AU$5.6m		82.8%PS2.1x
XRG xReality GroupAU$0.0536.0%
+AU$2.3m		55.9%PS2.4x

Latest News

AGI
AU$1.01
Ainsworth Game Technology
7D
-15.1%
1Y
20.2%
GYG
AU$15.20
Guzman y Gomez
7D
-8.0%
1Y
-51.0%
ALL
AU$46.15
Aristocrat Leisure
7D
0.3%
1Y
-24.5%

ALL: Expanded Buyback And Steady Margins Will Support Future Earnings Resilience

Narrative Update on Aristocrat Leisure Analysts have trimmed the price target on Aristocrat Leisure to A$66.40 from A$67.07, reflecting slightly lower fair value and future P/E assumptions, while revenue growth and profit margin forecasts remain broadly unchanged. Analyst Commentary Recent research points to a more measured stance on Aristocrat Leisure, with the trimmed price target reflecting modest adjustments rather than a wholesale change in thesis.
TAH
AU$0.93
Tabcorp Holdings
7D
-3.1%
1Y
63.2%

TAH: Future Returns Will Rely On Execution After Morgan Stanley Downgrade

Narrative Update on Tabcorp Holdings Analysts have trimmed their price expectations for Tabcorp Holdings to A$1.12, reflecting updated assumptions for discount rates, long term revenue growth, profit margins and future P/E multiples following recent research that included a downgrade at a major investment bank. Analyst Commentary Recent research, including the downgrade titled "Tabcorp just downgraded at Morgan Stanley, here's why," highlights a mix of optimism and caution around Tabcorp Holdings, with a particular focus on how updated assumptions feed into the A$1.12 price expectation.
VVA
AU$1.57
Viva Leisure
7D
0.3%
1Y
24.7%

VVA: Share Buyback Will Support Future Upside Through Higher Margins

Analysts have modestly lifted their Viva Leisure price target to A$2.00, citing slightly higher assumed revenue growth of 9.44% and a profit margin of 8.87%, along with a minor adjustment to the future P/E assumption at 10.33x. What's in the News Viva Leisure announced a share repurchase program covering up to 9,854,636 ordinary shares, equal to 8.91% of issued share capital.
DMP
AU$15.98
Domino's Pizza Enterprises
7D
-5.3%
1Y
-36.4%

DMP: Future Earnings Resilience Will Be Driven By Identified Cost Savings

Narrative Update The analyst price target for Domino's Pizza Enterprises has shifted to A$21.75 from A$21.23. This change reflects analysts' mixed views, balancing operational risks and soft like-for-like sales against solid recent earnings, identified cost savings of A$15–A$25 million, and revised expectations for revenue, profit margins, and future P/E multiples.
FLT
AU$10.74
Flight Centre Travel Group
7D
-2.1%
1Y
-15.1%

FLT: Share Buybacks And Payouts Will Support A More Attractive Outlook

Analysts have nudged their price target for Flight Centre Travel Group slightly higher to around A$17.27 from about A$17.17. This reflects updated views on discount rate, revenue growth, profit margin and future P/E assumptions.
CKF
AU$8.28
Collins Foods
7D
-8.6%
1Y
-3.7%

CKF: Future Upside Will Depend On Execution Following Resumed Buy Rating

Analysts have lifted their Collins Foods price target from A$10.50 to A$11.10, pointing to updated assumptions for revenue growth, profit margins, the discount rate and future P/E as key drivers of the change. Analyst Commentary Goldman Sachs has resumed coverage of Collins Foods, which helps reset the conversation around valuation, growth expectations and execution risks.
PBH
AU$0.87
PointsBet Holdings
7D
2.4%
1Y
-17.5%
SGR
AU$0.12
Star Entertainment Group
7D
-8.0%
1Y
n/a
HLO
AU$1.47
Helloworld Travel
7D
3.9%
1Y
3.2%
BET
AU$0.17
Betmakers Technology Group
7D
3.0%
1Y
82.8%
RCT
AU$3.49
Reef Casino Trust
7D
2.3%
1Y
-1.4%
LNW
AU$120.00
Light & Wonder
7D
-3.2%
1Y
-9.8%
XRG
AU$0.053
xReality Group
7D
6.0%
1Y
55.9%