Tourism is increasing worldwide, but why are the tourism sector listed companies not able to paticipate in the industry growth?

Tourism Industry is increasing worldwide, but why are the Tourism listed companies not generating returns for its investors?

Coz and Kings, price at its 5 year low.

Thomas cook , price same as 5 year ago.

Are people moving away from the organised tourism activities to more self itinerary travel ?

You read it totally fine and correct, especiall with mass migration all over the world and globalism everywhere there is no point to travel to several countries if their culture already like the same everywhere for sure. I do not get all this things till the very moment.

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I agree with you on this, Some of the Travel VLOGS on youtube are so good, you would not need to visit such places in person after watching them.