Hotel shares ended the week mostly higher after Thailand’s Centre for COVID-19 Situation Administration at the meeting on Friday approved the cancellation of the Test&Go scheme for foreign travelers, effective from May 1 onwards.
The share price of S Hotels and Resorts Plc. (SET: SHR) rose THB0.24/share or 5.94% to THB4.28/share, with a trading value of THB268 million.
The share price of The Erawan Group Plc. (SET: ERW) rose THB0.18/share or 5.03% to THB3.76/share, with a trading value of THB106 million.
The share price of Central Plaza Hotel Plc. (SET: CENTEL) rose THB1.25/share or 2.99% to THB43.00/share, with a trading value of THB199 million.
The share price of Minor International Plc. (SET: MINT) rose THB0.50/share or 1.44% to THB35.25/share, with a trading value of THB928 million.
According to Asia Plus Securities, hotel stocks surged Thursday afternoon as investors’ sentiments were bolstered by the CCSA’s approval to phase out the Test&Go program for foreign travelers and replace it with a rapid antigen test starting May 1.