| 1 | PT Sona Topas Tourism Industry Tbk (SONA.JK) | 10/10 | 12.0x |
| 2 | On the Beach Group plc (OTB.L) | 10/10 | 12.3x |
| 3 | Booking Holdings Inc (BKNG) | 10/10 | 13.1x |
| 4 | Airbnb Inc (ABNB) | 10/10 | 31.3x |
| 5 | Trainline plc (TRN.L) | 9/10 | 10.1x |
| 6 | eDreams ODIGEO S.A. (EDR.MC) | 9/10 | 5.2x |
| 7 | EGL Holdings Company Limited (6882.HK) | 9/10 | 2.7x |
| 8 | Hanatour Japan Co., Ltd. (6561.T) | 9/10 | 6.0x |
| 9 | AirTrip Corp. (6191.T) | 9/10 | 26.2x |
| 10 | Travel Expert (Asia) Enterprises Limited (1235.HK) | 9/10 | 7.2x |
| 11 | Tongcheng Travel Holdings Limited (0780.HK) | 9/10 | 5.4x |
| 12 | UTour Group Co., Ltd. (002707.SZ) | 9/10 | 32.1x |
| 13 | Wuhan Sante Cableway Group Co., Ltd. (002159.SZ) | 9/10 | 12.9x |
| 14 | Emei Shan Tourism Co.,Ltd (000888.SZ) | 9/10 | 16.6x |
| 15 | WebBeds Group Limited (WEB.AX) | 8/10 | 13.0x |
| 16 | Thomas Cook (India) Limited (THOMASCOOK.NS) | 8/10 | 9.7x |
| 17 | Trip.com Group Ltd (TCOM) | 8/10 | n.d. |
| 18 | Saga plc (SAGA.L) | 8/10 | 11.1x |
| 19 | Royal Caribbean Cruises Ltd (RCL) | 8/10 | n.d. |
| 20 | Indian Railway Catering & Tourism Corporation Limited (IRCTC.NS) | 8/10 | 31.7x |
| 21 | Hostelworld Group plc (HSW.L) | 8/10 | 14.6x |
| 22 | Helloworld Travel Limited (HLO.AX) | 8/10 | 13.4x |
| 23 | Expedia Group Inc (EXPE) | 8/10 | 10.1x |
| 24 | Ata Turizm Isletmecilik Tasimacilik Madencilik Kuyumculuk Sanayi Ve Dis Ticaret Anonim Sirketi (ATATR.IS) | 8/10 | 6.4x |
| 25 | Trip.com Group Limited (9961.HK) | 8/10 | 13.2x |
| 26 | Ying Hai Group Holdings Company Limited (8668.HK) | 8/10 | 83.4x |
| 27 | Shaanxi Tourism Culture Industry Holding Co.,Ltd (603402.SS) | 8/10 | 11.2x |
| 28 | Phoenix Tours International, Inc. (5706.TW) | 8/10 | 16.6x |
| 29 | Lion Travel Service Co., Ltd. (2731.TW) | 8/10 | 6.1x |
| 30 | Cinese International Group Holdings Limited (1620.HK) | 8/10 | n.d. |
| 31 | Hanatour Service Inc. (039130.KS) | 8/10 | 5.4x |
| 32 | Yatra Online Limited (YATRA.NS) | 7/10 | 56.8x |
| 33 | TUI AG (TUI1.DE) | 7/10 | 2.9x |
| 34 | Norwegian Cruise Line Holdings Ltd (NCLH) | 7/10 | n.d. |
| 35 | MakeMyTrip Ltd (MMYT) | 7/10 | 21.7x |
| 36 | Lindblad Expeditions Holdings Inc (LIND) | 7/10 | 35.9x |
| 37 | Le Travenues Technology Limited (IXIGO.NS) | 7/10 | 38.1x |
| 38 | Flight Centre Travel Group Limited (FLT.AX) | 7/10 | 12.7x |
| 39 | Corporate Travel Management Limited (CTD.AX) | 7/10 | 3.2x |
| 40 | Carnival Corp (CCL) | 7/10 | 10.8x |
| 41 | Voyageurs du Monde SA (ALVDM.PA) | 7/10 | 16.0x |
| 42 | H.I.S. Co., Ltd. (9603.T) | 7/10 | 5.7x |
| 43 | Anhui Jiuhuashan Tourism Development Co., Ltd. (603199.SS) | 7/10 | 34.7x |
| 44 | Changbai Mountain Tourism Co., Ltd. (603099.SS) | 7/10 | 508.5x |
| 45 | Western Regions Tourism Development Co.,Ltd (300859.SZ) | 7/10 | 91.0x |
| 46 | Caissa Tourism Group Co., Ltd. (000796.SZ) | 7/10 | n.d. |
| 47 | Yatra Online Inc (YTRA) | 6/10 | 10.5x |
| 48 | Viking Holdings Ltd(Pembroke) (VIK) | 6/10 | 31.4x |
| 49 | Tripadvisor Inc (TRIP) | 6/10 | 15.7x |
| 50 | Tuniu Corp (TOUR) | 6/10 | n.d. |
| 51 | TBO Tek Limited (TBOTEK.NS) | 6/10 | n.d. |
| 52 | Nexttrip Inc (NTRP) | 6/10 | n.d. |
| 53 | Net Holding A.S. (NTHOL.IS) | 6/10 | 11.5x |
| 54 | MyHotelMatch S.A. (MHM.PA) | 6/10 | n.d. |
| 55 | Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (GZNMI.IS) | 6/10 | n.d. |
| 56 | Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S. (FLAP.IS) | 6/10 | 0.7x |
| 57 | Adventure, Inc. (6030.T) | 6/10 | 15.4x |
| 58 | Zhejiang Sunriver Culture Tourism Co.,Ltd. (600576.SS) | 6/10 | 40.6x |
| 59 | Feiyang International Holdings Group Limited (1901.HK) | 6/10 | n.d. |
| 60 | Lvji Technology Holdings Inc. (1745.HK) | 6/10 | n.d. |