Analyst Expects Tourism Plays to Rebound towards Vaccine Passport

The analyst expected Thai tourism stocks, particularly AOT, MINT and AAV, to rebound in response to the “Vaccine Passport”, a tourism stimulus campaign that will allow international visitors entering Thailand without Covid-19 quarantine requestments.

 

Asia Plus Securities (ASPS) believed the “Vaccine Passport” will stir up a tourism recovery, expecting more international travel in the second half of this year once the coronavirus vaccine is widely available globally. People with the vaccine passport will be welcomed to Thailand under quarantine-free travel. Hence ASPS had a positive view toward hospitality, tourism and aviation. 

 

Stocks that will derive a benefit from the campaign are Airports of Thailand Public Company Limited (AOT), Asia Aviation Public Company Limited (AAV), Bangkok Dusit Medical Services Public Company Limited (BDMS) and Praram 9 Hospital Public Company Limited (PR9).

 

The governor of the Tourism Authority of Thailand, Yutthasak Supasorn, revealed that the TAT had an idea to attract foreign tourists back to Thailand through the vaccine passport campaign. Currently, the TAT is discussing with national tourist organizations (NTOs) in all ASEAN countries to seek a standard and an agreement on travel regulations among the region.  

 

Vaccinated foreigners holding such a vaccine passport will be allowed to travel between ASEAN countries and to skip the 14-day quarantine.

 

The TAT also projected foreign tourists will be back to Thailand by the third quarter of this year, therefore the Ministry of Tourism & Sports, together with the TAT are ready for an aggressive stimulus to support Thailand tourism recovery as well as economy.