A record-high stock market rally has given the resort industry a boost, with many companies hitting record highs in the latest edition of the International Stock Exchange.
Gulf resorts, hotels and golf courses have all added to their profit records since the market started rallying in late November.
They’ve now risen by about $60 billion, according to S&P Global.
Golf courses have jumped by $1 billion, while hotels have increased by about 1.2 percent.
Sydney-based Tiger International has risen by $3.8 billion since the start of the year.
It has a long way to go, but the company has been a leader in the industry in the last couple of years.
Tiger has raised $1.2 billion to date.
It is the biggest increase since its 2012 IPO.
The top ten companies that have the most gains since the beginning of the financial year were:Lagos Resort and Spa by S&p Global;$1.4 billion in revenueGulf Golf by Tiger;$638 million in revenuePacific Resort by Disney;$2.5 billion in revenuesBolivia’s Golf Club by Walt Disney; $1,813 million in revenuesPapua New Guinea’s Mauna Loa Resort by The Walt Disney Company; $851 million in salesChina’s Tianjin Disneyland by Zhejiang Geely; $2.1 billion in salesThe top 10 companies that lost money since the end of 2016 were:Nestlé by GSK; $3 billion in lossesCoca-Cola by Mondelez International; $11 billion in net lossesMonsanto by Bayer; $6 billion in lost revenueAlibaba by Amazon.com; $15.6 billion lossDisney by Disney, Inc.; $6.4 billon in lossesDisney and Lucasfilm by Lucasfilm; $12 billion in lossCostco by Starbucks; $19 billion in deficitLuxury resorts by Luxury Travelers Group; $4.4B in lossSydneysiders have the highest debt in the world, according the research firm Mintel.
It has an estimated $7 trillion worth of debt.
The average debt for people living in Sydney was $16,622.
Tango International is Australia’s largest resort chain with about 2,500 properties, including some of the world’s most popular theme parks.
It reported $5.9 billion in profits for the year ending March 30.