Brokerages have identified seven tourism-related stocks on the Thai bourse that should be major beneficiaries of the Thailand-China free visa policy signed earlier this week, which is expected to significantly increase arrivals from the mainland this year.
The Tourism Authority of Thailand set an ambitious target of attracting 8.2 million Chinese tourists in 2024, rising from 3.5 million last year, aiming to rekindle its appeal to visitors from China.
The two countries agreed to implement a visa exemption policy for their nationals, allowing stays of up to 30 days.
Starting from March 1, the measure is expected to benefit seven Thai stocks related to tourism, said Globlex Securities.
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