This report is an updated version of the report published on 17 August 2022 at 09:28 AM GMT+1 

Section 1.0. Key Metrics in Pictures

Section 2.0. Travel & Leisure Sector Landscape, Trends & SWOT Analysis

Travel & Leisure industry is an integral part of the UK economy and contributes a significant portion to its GDP. London remained one of the most favored destinations amongst international travelers. The markets of Scotland and Wales also demonstrated a decent pull of international tourists, thereby reflecting the strength of the industry across the whole of the UK. A few of the renowned companies in the sector include Hollywood Bowl, Rank Group, Whitbread, and others.

Section 2.1. Trends in the Travel & Leisure Sector

Section 2.2. SWOT Analysis

Section 3.0. Sector Risks & Opportunities

Section 3.1. Risk Exposures to Travel & Leisure Sector

Section 3.2. Travel & Leisure Sector Outlook

The UK is known for its appealing landscapes and rich culture with engaging history. However, tourism and leisure activities have taken a hit following the onslaught of the COVID-19 pandemic and the introduction of social distancing norms. But slowly and gradually the industry is recovering well from the initial impacts of the pandemic, aided by recovery in the economy and the increasing appetite for travel among people. As per data from Office for National Statistics, overseas visitors were recorded at 2.2 million in April 2022, compared to 65,000 visits by air in April 2021. Still, the visits are down when compared to pre-pandemic levels, and this reflects room for further recovery in the tourism and leisure space in the near term.

Section 4.0. Entain PLC (Buy at GBX 1,347.50, current price as of 17 August 2022, at 08:09 AM GMT+1)

4.1 Company Details

4.2 Valuation and Technical Guidance

Section 5.0: Hollywood Bowl Group PLC (Speculative Buy at GBX 196.90, current price as on 17 August 2022, at 08:04 AM GMT+1)

5.1 Company Details

5.2 Valuation and Technical Guidance

Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 17 August 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5:  Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 6: Dividend Yield may vary as per the stock price movement. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

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