On Tuesday, airline and hotel stocks rallied as the Cabinet held a meeting to discuss the tourism stimulus measures to bolster Thailand’s key economic sector.
The share prices of Asia Aviation Public Company Limited (SET: AAV) at the time of 2.10 p.m. was at THB 1.30, a THB 0.11 or 9.24% increase with a total trading value of THB 206.87 million.
Meanwhile, the share prices of S Hotels and Resorts Public Company Limited (SET: SHR) at the same time was at THB 1.53, a THB 0.05 or 3.38% increase with a total trading value of THB 7.39 million.
The share prices of Thai Airways International Public Company Limited (SET: THAI) was at THB 9.85, a THB 0.20 or 2.07% increase with a total trading value of THB 500.33 million.
The share prices of Bangkok Airways Public Company Limited (SET: BA) was at THB 13.50, a THB 0.30 or 2.27% increase with a total trading value of THB 86.05 million.
The share prices of Asset World Corp Public Company Limited (SET: AWC) was at THB 2.16, a THB 0.04 or 1.89% increase with a total trading value of THB 75.65 million.
The share prices of The Erawan Group Public Company Limited (SET: ERW) was at THB 0.02, a THB 0.02 or 0.79% increase with a total trading value of THB 27.30 million.
Krungthai Xspring Securities recommends monitoring the upcoming Cabinet meeting, which is expected to consider and approve tourism stimulus measures. These measures will allow individuals to use travel expenses for tax deductions, up to THB 20,000 per person (major cities receive a 1x deduction, minor cities receive a 1.5x deduction) during the period from 29 October to 15 December 2025.
The outlook is directly positive for hotel stocks such as CENTEL and ERW, and for airline stocks like BA and AAV. The retail group (CPALL, CPAXT, TFG, and HMPRO) is also expected to benefit indirectly.
Meanwhile, UOB Kay Hian Securities stated that today’s Cabinet meeting is expected to see the approval of additional economic stimulus measures, such as tourism incentives. Since the start of the year, the number of foreign tourists has declined compared to the same period last year.
The brokerage firm forecast that key measures are likely to be implemented in 4Q25 to boost the economy towards year-end. The government previously anticipated weak results from accelerated exports in 1H25, resulting in just 0.3% expected growth, and there is potential for additional consumption-stimulus measures in 1Q26 before the parliament’s dissolution.
Besides the previously recommended retail, power plant, and credit card sectors, analysts highlight the tourism sector as attractive after bottoming out in September, expecting 4Q25 to be a high season for the group. The firm favors CENTEL, SPA, and VRANDA.
