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Australian (ASX) Hospitality Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies22
  • 7D-2.6%
  • 3M-7.5%
  • 1Y-17.4%
  • YTD-14.4%

Over the last 7 days, the Hospitality industry has dropped 2.6%, driven by Aristocrat Leisure declining 1.0%. Overall the industry is down 17% in 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026AU$53.6bAU$23.3bAU$1.8b22.5x29x2.3x
Sat, 18 Apr 2026AU$56.3bAU$23.6bAU$1.5b26.9x36.6x2.4x
Mon, 16 Mar 2026AU$53.9bAU$23.6bAU$1.5b26.7x35x2.3x
Wed, 11 Feb 2026AU$73.0bAU$28.0bAU$1.9b28.7x38.6x2.6x
Fri, 09 Jan 2026AU$75.7bAU$28.2bAU$1.9b31x39.4x2.7x
Sun, 07 Dec 2025AU$75.4bAU$28.3bAU$1.9b32.4x39.1x2.7x
Tue, 04 Nov 2025AU$69.4bAU$24.6bAU$1.4b34x50.5x2.8x
Thu, 02 Oct 2025AU$73.0bAU$24.6bAU$1.3b35.2x54.8x3x
Sat, 30 Aug 2025AU$75.8bAU$24.6bAU$1.3b35.2x57.3x3.1x
Mon, 28 Jul 2025AU$71.4bAU$24.6b-AU$895,993,544.0033.1x-79.7x2.9x
Wed, 25 Jun 2025AU$69.7bAU$24.6b-AU$895,993,544.0030.1x-77.8x2.8x
Fri, 23 May 2025AU$67.3bAU$24.7b-AU$808,437,544.0022.5x-83.3x2.7x
Sun, 20 Apr 2025AU$67.2bAU$24.5b-AU$667,337,544.0020.2x-100.6x2.7x
Tue, 18 Mar 2025AU$70.5bAU$24.6b-AU$357,022,544.0022.1x-197.4x2.9x
Thu, 13 Feb 2025AU$78.7bAU$24.6b-AU$917,403,528.0024.4x-85.8x3.2x
Sat, 11 Jan 2025AU$75.3bAU$24.6b-AU$917,403,528.0023.2x-82x3.1x
Mon, 09 Dec 2024AU$75.1bAU$24.6b-AU$912,156,528.0024.6x-82.4x3.1x
Wed, 06 Nov 2024AU$69.6bAU$24.6b-AU$731,088,528.0022.4x-95.2x2.8x
Fri, 04 Oct 2024AU$69.4bAU$24.6b-AU$731,195,201.0022.5x-94.9x2.8x
Sun, 01 Sep 2024AU$67.3bAU$24.5b-AU$196,128,201.0021.4x-343.1x2.7x
Tue, 30 Jul 2024AU$68.2bAU$23.9bAU$385.0m22.5x177x2.8x
Thu, 27 Jun 2024AU$66.5bAU$23.6bAU$390.1m20.9x170.5x2.8x
Sat, 25 May 2024AU$59.5bAU$23.6bAU$365.2m23.4x163x2.5x
Mon, 22 Apr 2024AU$56.9bAU$23.4bAU$292.0m24.2x195x2.4x
Wed, 20 Mar 2024AU$61.7bAU$23.4bAU$288.9m30x213.6x2.6x
Fri, 16 Feb 2024AU$61.7bAU$23.0b-AU$533,614,605.0036.3x-115.6x2.7x
Sun, 14 Jan 2024AU$68.3bAU$24.8b-AU$868,553,717.0032.7x-78.6x2.8x
Tue, 12 Dec 2023AU$66.1bAU$24.8b-AU$868,553,717.0032.8x-76.1x2.7x
Thu, 09 Nov 2023AU$67.2bAU$24.2b-AU$1,296,867,811.0035.1x-51.8x2.8x
Sat, 07 Oct 2023AU$66.5bAU$24.2b-AU$1,296,867,811.0033.7x-51.2x2.7x
Mon, 04 Sep 2023AU$70.6bAU$24.2b-AU$1,304,490,915.0036.1x-54.2x2.9x
Wed, 02 Aug 2023AU$70.8bAU$23.6b-AU$742,294,541.0032.6x-95.4x3x
Fri, 30 Jun 2023AU$68.0bAU$23.6b-AU$742,294,541.0030.9x-91.7x2.9x
Sun, 28 May 2023AU$68.7bAU$23.5b-AU$714,143,541.0027.9x-96.1x2.9x
Price to Earnings Ratio

-96.1x


Total Market Cap: AU$68.7bTotal Earnings: -AU$714,143,541.00Total Revenue: AU$23.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Hospitality Industry Price to Earnings3Y Average -22.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 29.0x which is higher than its 3-year average PE of -22.1x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.3x.
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 Market-1.73%
Consumer Discretionary-0.42%
Hospitality-2.64%
Restaurants-0.16%
Casinos and Gaming-2.22%
Leisure Facilities-5.56%
Hotels, Resorts and Cruise Lines-10.70%
Industry PE
  • Investors are most optimistic about the Restaurants industry even though it's trading below its 3-year average PE ratio of 223x.
    • Analysts are expecting annual earnings growth of 27.7%, which is lower than the prior year's growth of 143.1% 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 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 74% 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 11% 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
LNW Light & WonderAU$116.462.7%
+AU$244.5m		-10.4%PE26.5x
GYG Guzman y GomezAU$18.089.2%
+AU$153.9m		-41.9%PE103.1x
DMP Domino's Pizza EnterprisesAU$16.867.5%
+AU$111.8m		-30.0%PE26.9x
CKF Collins FoodsAU$8.262.6%
+AU$24.8m		2.5%PE82x
XRG xReality GroupAU$0.0618.9%
+AU$3.8m		110.3%PS2.8x

Latest News

WEB
AU$2.34
Web Travel Group
7D
-7.1%
1Y
-49.8%
TAH
AU$0.68
Tabcorp Holdings
7D
-2.2%
1Y
-2.2%
Narrative Update • May 15

TAH: Future Returns Will Rely On Execution And Rising Interim Dividend Payout

The analyst price target for Tabcorp Holdings has shifted from A$1.12 to A$1.03. Analysts attribute this change to updated fair value estimates, a slightly higher discount rate, and modest adjustments to revenue growth, profit margin, and future P/E assumptions.
ALL
AU$50.88
Aristocrat Leisure
7D
-1.0%
1Y
-16.0%
Narrative Update • May 15

ALL: Lower P E Framework And Dividend Payout Will Support Future Returns

Analysts have adjusted their price target on Aristocrat Leisure to A$63.04 from A$63.97, reflecting updated assumptions around slightly higher revenue, improved profit margins and a lower future P/E multiple. Analyst Commentary Recent research on Aristocrat Leisure points to a generally constructive tone, with price targets and assumptions being refined rather than overhauled.
FLT
AU$9.88
Flight Centre Travel Group
7D
-5.5%
1Y
-24.8%
TCO
AU$2.79
Transmetro
7D
0.4%
1Y
39.5%
JIN
AU$7.03
Jumbo Interactive
7D
-3.6%
1Y
-27.5%
Narrative Update • May 11

JIN: Upcoming Fully Franked Dividend Timeline Will Support Future Upside Potential

Analysts have modestly adjusted their price targets on Jumbo Interactive, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E. Their overall fair value view remains broadly unchanged at around A$9.20 per share.
AGI
AU$1.31
Ainsworth Game Technology
7D
-16.1%
1Y
43.4%
Narrative Update • May 11

AGI: Fair Outlook Balances Ownership Bid Activity And Deal Termination

Analysts have lifted their price target for Ainsworth Game Technology to A$1.21. The change reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that slightly reshape the stock’s risk and return profile.
DMP
AU$16.86
Domino's Pizza Enterprises
7D
7.5%
1Y
-30.0%
Narrative Update • May 07

DMP: Cost Savings And Franchise Profitability Will Underpin Future Earnings Resilience

Narrative Update: Domino's Pizza Enterprises Price Target Shift Analysts have edged their fair value estimate for Domino's Pizza Enterprises slightly lower to about A$34.47 per share. This reflects a modestly reduced P/E multiple and discount rate, while acknowledging updated assumptions for revenue growth, profit margins, and recent mixed research views around operational risks, soft like-for-like sales, and identified cost savings.
CKF
AU$8.26
Collins Foods
7D
2.6%
1Y
2.5%
Narrative Update • May 03

CKF: Buy Resumption And Dividend Outlook Will Support Future P/E

Analysts have trimmed their fair value estimate for Collins Foods from A$12.37 to A$12.20, reflecting updated assumptions for growth, margins and the discount rate in light of recent Street research support. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent Buy resumption by Goldman Sachs as a sign of confidence in Collins Foods' ability to execute on its current store footprint and pipeline.
RCT
AU$3.40
Reef Casino Trust
7D
3.0%
1Y
6.6%
LNW
AU$116.46
Light & Wonder
7D
2.7%
1Y
-10.4%
GYG
AU$18.08
Guzman y Gomez
7D
9.2%
1Y
-41.9%
Narrative Update • Apr 21

GYG: Neutral Stance Will Hinge On FY26 Store Rollout Execution

Analysts increased the fair value estimate for Guzman y Gomez from A$21.66 to A$22.25, citing updated forecasts for revenue growth, margins and future P/E, in the context of recent sector-level rating changes and price targets around A$18.50 to A$19.00. Analyst Commentary Recent updates from research desks point to a more balanced stance on Guzman y Gomez, with price targets generally clustering around A$18.50 to A$19.00 and ratings centered on Neutral or equivalent.
SGR
AU$0.10
Star Entertainment Group
7D
-4.8%
1Y
-9.1%
OLI
AU$0.007
Oliver's Real Food
7D
16.7%
1Y
0%
TLC
AU$5.18
Lottery
7D
-1.7%
1Y
-3.0%
XRG
AU$0.061
xReality Group
7D
8.9%
1Y
110.3%