SET believes in Free Visa measures for Chinese tourists. This has a positive effect on the Thai economy that is driven by tourism, but we still need to keep an eye on the Chinese economy, which affects the purchasing power of foreign tourism.
Mr. Sornphon Tulyasathien, Deputy Manager of the Stock Exchange of Thailand (SET), discussed the new government policy to stimulate the economy with the Free Visa measure for Chinese tourists. It is expected to start on 1 October 2023 that tourism is considered an important driver of the Thai economy. At present, tourists in many regions have begun to return. But tourists Still not fully returned It is believed that this policy will help tourists travel to Thailand more easily. and will help stimulate the economy. However, one must also look at China’s own domestic economy. The government is promoting And how much purchasing power do people have to travel abroad? As you know, the Chinese economy is a concern in many matters right now. Therefore, both Thai and Chinese sides must be considered.
However, it is seen that such a policy will have a positive effect on stocks in the tourism sector as well as benefiting the entire system. Whether it’s airlines, hotels, restaurants, how much of an impact it will have depends on How much power will Chinese tourists have to travel to Thailand?
Source: Thai News Agency