China’s Economic Stimulus Expected to Boost Thai Tourism
China's economic stimulus, through accommodative monetary policies and fiscal measures, is aimed at fostering growth, potentially increasing Thailand's tourism sector's strength. In 2023, about 3.5 million Chinese tourists visited Thailand, representing 13% of the total arrivals, and the Tourism Authority of Thailand forecasts a 29% rise in tourist numbers for 2024. This growth is likely to positively affect Thai aviation and hotel stocks, as the government supports the sector with a subsidy of up to five billion baht.
China has introduced accommodative monetary policies and fiscal measures to boost its economy, especially addressing challenges in the real estate sector.
These initiatives are expected to drive China's GDP growth above 5%, in line with its annual target.
As a result, Thailand's tourism sector could see significant benefits, given its large Chinese tourist market.
In 2023, Chinese visitors made up about 13% of Thailand's total tourist arrivals, with 3.5 million visitors.
The Tourism Authority of Thailand anticipates a 29% increase in tourist numbers for 2024, expecting 36.3 million arrivals.
The Thai government has set aside up to 5 billion baht to support this sector.
The predicted increase in tourism is likely to positively impact aviation and hotel stocks such as AOT, AAV, CENTEL, ERW, and MINT as demand and revenue grow with the return of Chinese tourists.
These initiatives are expected to drive China's GDP growth above 5%, in line with its annual target.
As a result, Thailand's tourism sector could see significant benefits, given its large Chinese tourist market.
In 2023, Chinese visitors made up about 13% of Thailand's total tourist arrivals, with 3.5 million visitors.
The Tourism Authority of Thailand anticipates a 29% increase in tourist numbers for 2024, expecting 36.3 million arrivals.
The Thai government has set aside up to 5 billion baht to support this sector.
The predicted increase in tourism is likely to positively impact aviation and hotel stocks such as AOT, AAV, CENTEL, ERW, and MINT as demand and revenue grow with the return of Chinese tourists.
