CENTEL–AWC Lead Hotel Stocks Up on Hopes for Thai Travel Thai Travel Plus Measures

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Summary · why it matters

Hotel stocks rose, led by CENTEL and AWC, following news that the government is preparing to launch the "Thai Travel Thai Travel Plus" tourism stimulus measures, expected to be finalized mid-month. CENTEL gained 4.09% to 44.50 baht, while AWC rose 3.31% to 3.12 baht, and ERW added 3.17% to 3.90 baht. The measures have a budget of 4 billion baht, distributing 1 million rights, divided into accommodation discounts of up to 3,000 baht per right, totaling 3 billion baht, and travel coupons of 1,000 baht per right, totaling 1 billion baht. The coupons are increased from 500 baht in the previous program and expanded to include spa and wellness businesses. Analysts from Dao Securities and Krungsri Securities view this as most positive for ERW and CENTEL, as well as AWC.

Impact on assets 3

Consumer Discretionary▲ · 2 stocks
Real Estate▲ · 1 stocks