There are obviously lots of ways to go about building yourself a growth portfolio.
One way is to focus on a thematic that you believe has significant growth potential and then figure out a way to gain diversified exposure to that theme.
A long-term growth thematic that looks particularly appealing is the increasing levels of inbound tourism to Australia from Asia.
The increasing prosperity of the Asian population is seeing record numbers of tourists travelling to Australia and there are a number of ASX-listed companies that are well placed to benefit.
Mantra Group Ltd (ASX: MTR) is a major operator of hotels and resorts under the key brands of Mantra, Peppers and BreakFree.
With the share price slumping 37% since the beginning of the calendar year, Mantra is now trading on a financial year (FY) 2017 price-to-earnings (PE) ratio of 15.6 times.
Crown Resorts Ltd (ASX: CWN) is a hotel operator with a number of key assets in Australia as well as casino investments overseas.
Crown's Melbourne and Perth casinos contributed by the far the majority of earnings to the group – $650 million in FY 2015. Holding these casino licenses means Crown is in a prime position to capture growth in tourism spend within the casino market in these capital cities.
Ardent Leisure Group (ASX: CWN) operates a range of entertainment and leisure assets in Australia, New Zealand and the USA.
The USA-based "Main Event" family entertainment centres are viewed as the key growth asset by the market (they're also the largest contributor to group earnings). However, Ardent's Australian theme park operations which include Dreamworld and WhiteWater World are the second largest contributor to earnings and appear well placed to benefit from growing tourism to Queensland.
Sydney Airport Holdings Ltd (ASX: SYD) is the operator of Sydney's only international airport. As the gateway into Australia for a significant proportion of international visitors, Sydney Airport is uniquely positioned to directly benefit from increased tourism numbers. For the year-to-May, international airport traffic rose 9.7% year-on-year.
