Kasikorn Securities says 3 tourism stocks to benefit from 450-baht foreign tourist fee

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Kasikorn Securities said the Ministry of Tourism is preparing to propose a 450-baht fee per foreign air arrival, with part of the revenue used to fund insurance that would ease the state's burden of medical expenses, and it expects at least 8 billion baht a year to flow into a fund for restoring tourism sites, before the plan goes to the tourism policy committee and the cabinet for consideration. Kasikorn Securities assessed that the impact on tourism and aviation stocks, namely AOT, AAV and BA, as well as hotel groups, would be limited, and that if the fee is collected through tickets at 450 baht it would not significantly affect travel decisions.

Impact on assets 3

Industrials▲
Airports Of Thailand PCL
AOT
± MixedRegulationrelevance

Kasikorn assesses the proposed 450-baht tourist fee's impact on AOT as limited, with fee collection via tickets not significantly affecting travel.