Thailand’s government is reportedly considering extending the Tourist Visa’s maximum stay from 30 days to 45 days and the Visa on Arrival’s stay from 15 days to 45 days, effective from the date of approval until the end of 2022. These moves may boost the performance of tourism-related stocks.
Thailand’s tourism sector has been given an “Overweight” rating by KTBST Securities, although these decisions may not have a significant impact on inbound travelers. According to prior reports, the Tourism Authority of Thailand (TAT) is planning to offer both visa fee waivers and extensions of stay. However, it can still help attract more foreign visitors.
As a result, hotel stocks like ERW, CENTEL, MINT, and SHR will reap the big benefits.
KTBST likes MINT (TP: THB44.00) and AOT (TP: THB76.00), in addition to ERW (TP: THB3.90) and CENTEL (TP: THB50.00). The rebound of tourists will benefit AOT the most, while MINT is predicted to make a profit through 2022 and outperform its peers.