5 Interesting Airline-Hotel Stocks with Huge Upsides to Benefit during Chinese New Year

About 1.02 million tourists are expected during the Chinese New Year week starting from January 24 – 30, 2020, states the Tourism Authority of Thailand (TAT).

 

The increased number of tourists visiting Thailand during the Chinese New Year is expected to rise 1.5% from a year earlier and generate 21.7 billion baht in revenue, increasing 1.6% when compared to the same period of last year.

Meanwhile, Chinese tourists, who are Thailand’s number one tourists, are expected to generate 8.4 billion baht in revenue from a total number of 312,000 visitors.

During the Chinese New Year week from Jan. 24 to Jan. 30, the Tourism Authority of Thailand expects about 1.02 million tourists to travel to the country, an increase of 1.5% from a year earlier, the tourism body says in a statement.

More importantly, the government’s extended visa fee waiver for Chinese visitors is a favorable factor in attracting Chinese tourists.

Airline and hotel stocks will no doubt benefit from higher visitors during this event. Upon looking at a target price consensus, “Kaohoon Online” has picked stocks with rooms for upside for investors to consider.