Travellers queue at a check-in counter operated by Air Asia at Don Mueang airport.
Stocks in the tourism, aviation and pharmaceutical sectors are the major beneficiaries of China’s announcement to allow group tours to visit 20 countries effective as of Feb 6, analysts said.
Daol Securities recently raised its forecast of Chinese tourists arriving in Thailand in 2023 to five million from the two million it forecast earlier. The brokerage also lifted the target of international arrivals from 22 million to 25 million.
Prior to the pandemic, 11 million Chinese tourists visited Thailand, accounting for 25% of total international arrivals in 2019.
Thanks to China’s recent reopening, several Thai companies will report higher revenue…
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