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Monday, May 6, 2024

Thai hospitality and travel shares soar on reopening plans

BANGKOK : Shares in Thailand’s hotels and airlines jumped in Tuesday morning’s trading, lifted by an announcement by its prime minister that more vaccinated tourists would be allowed to visit the country from November.

Prayuth Chan-ocha late on Monday said more than 18 months of mandatory quarantine would end https://www.reuters.com/world/asia-pacific/thailand-end-quarantine-some-vaccinated-visitors-nov-pm-2021-10-11 next month for vaccinated arrivals from countries considered “low risk”, including the United States, Britain and China.

The stock exchange’s tourism and leisure index jumped as much as 4.42per cent when markets opened on Tuesday, compared to a benchmark increase of 0.82per cent.

Gains were driven by a 4per cent rise in Airports of Thailand Pcl, Asia Aviation Pcl and Bangkok Airlines Pcl, which rose 5.59per cent and 3.42per cent, respectively.

Hotelier, Erawan Group…

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