Today (November 17, 2025), the shares of the “airline and hotel” service sector rose marginally across the board, led by Airports of Thailand Public Company Limited (SET: AOT), which closed at THB 41.25 per share, up THB 0.25 or 0.61%, with a trading value of THB 416.82 million.
Bangkok Airways Public Company Limited (SET: BA) closed at THB 14.10 per share, up by THB 0.10 or 0.71%, with a trading value of THB 162.84 million.
Central Plaza Hotel Public Company Limited (SET: CENTEL) closed at THB 32.75 per share, up by THB 1.50 or 4.80%, with a trading value of THB 311.88 million.
The Erawan Group Public Company Limited (SET: ERW) closed at THB 2.30 per share, up by THB 0.02 or 0.88%, with a trading value of THB 92.31 million.
According to the analysis from Krungsri Securities today (November 17, 2025), the Chinese government issued a travel warning advising citizens against traveling to Japan due to safety concerns, as diplomatic relations between the two countries have become strained over the Taiwan issue.
Japanese Prime Minister Sanae Takaichi stated during a parliamentary session that Japan would send weapons and troops to Taiwan if China launched military aggression. Several Chinese airlines, such as Air China, China Eastern, and China Southern Airlines, announced that passengers could request full refunds on tickets to Japan until year-end.
Krungsri Securities viewed that (1) escalating diplomatic tensions will impact investment sentiment in both countries. If the situation worsened, it could negatively affect global tech stocks, as Taiwan is the world’s number one semiconductor producer.
The brokerage also viewed (2) the Chinese government’s travel warning as a positive psychological factor for Thailand’s tourism sector, as Chinese tourists may shift from Japan to other countries, especially Thailand.
Prior to COVID-19, Thailand welcomed 11 million Chinese tourists—more than Japan’s 9.6 million. This year to date, Thailand has attracted only 3.87 million Chinese visitors, about 40% below pre-COVID levels, as more Chinese tourists travel domestically or choose Japan and Vietnam over Thailand.
This travel warning thus benefits Thailand’s tourism sector, especially the entire travel supply chain, such as AOT, BA, CENTEL, ERW, and Minor International Public Company Limited (SET: MINT). For tourism stocks, the top picks are CENTEL and ERW, with 2026 targets of THB 37 and 3.20 per share, respectively.
