Airlines, Hotels and Cruise Lines ETF : Launch of Europe’s first Airlines, Hotels and Cruise Lines ETF enables investors to participate in potential re-bound of travel industry after Pandemic
- Europe’s first Airlines, Hotels and Cruise Lines UCITS ETF (ticker: TRYP) to list on London Stock Exchange in June 2021.
- The TRYP travel industry ETF provides exposure to an industry which is set to recover after global spending on leisure travel fell 50% in 1 year due to global pandemic.
- TRYP tracks the Solactive Airlines, Hotels, Cruise Lines Index which achieved back-tested returns of 62.07% in the past 12 months0. Past performance is no guarantee of future performance.
- TRYP is distributed on the HANetf platform alongside its growing range of thematic ETFs and exchange traded cryptocurrencies and commodities.
The launch of Europe’s first Airlines, Hotels and Cruise Lines ETF on the HANetf platform will deliver exposure to the travel industry as it tracks global airline companies, hotel businesses and cruise line operators. The Airlines, Hotels and Cruise Lines UCITS ETF (LSE ticker: TRYP) ‘TRYP’ will list on the London Stock Exchange in June 2021 and will be passported for sale across Europe.
Total global spending on leisure travel fell 50%, from $4.692 trillion in 2019 to $2.373 trillion in 2020 . Expenditures on business travel took an even bigger hit, falling 52% from $1.445 trillion in 2019 to 694 billion in 2020 .
With the rollout of COVID-19 vaccines and the gradual relaxation of restrictions on public movements, global spending on leisure travel is expected to increase by 45% in 2021, to $3.45 trillion . Business travel expenditures are projected to increase by 21%, to $842 billion in 2021 .
Analysts expect that a re-bound in the travel sector could be driven by the speed and extend of a COVID 19 vaccine roll out, pent up demand resulting from trips not taken during the pandemic, growth of the disposable income and savings as well as the size and pace of a global economic recovery. However, these increases still leave leisure and business travel spending far below their 2019 peak and it is likely to take several more years to regain all of the lost ground.
The TRYP travel industry ETF will track the Solactive Airlines, Hotels, Cruise Lines Index. The index- back-tested performance shows it achieved 62.07% net total returns in the past year. Past performance is no guarantee of future results. When you trade ETFs your capital is at risk.
The ETF will have a Total Expense Ratio of 69bps.
Hector McNeil co-Founder and co-CEO at HANetf , co-founder of the Airlines, Hotels and Cruise Lines UCITS ETF said “The travel industry has been decimated after the Pandemic but we are optimistic about a rebound in the travel industry in the short term due to the speed and extent of a COVID 19 vaccine roll out, business travel restarting and pent up demand resulting from trips not taken during the pandemic. Over the longer term, the growth of disposable income and savings as well as the size and pace of a global economic recovery will be key factors although it may take a few years to regain the lost ground.
We launched the Airlines, Hotels and Cruise Lines UCITS ETF for investors who want a way to trade a recovery of the travel industry in a single product and we are delighted to be able to launch TRYP on the London Stock Exchange later this month.”
“Launching the Airlines, Hotels and Cruise Lines ETF expands our range of innovative ETFs and ETCs and is another European first which we are delighted to bring to market with. We are very proud of the many firsts we have brought to the European ETF market including Europe’s first Space ETF and Europe’s first pure-play solar energy ETF”