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Stock impact report

Thailand, China Agree on Visa-Free Travel in Boost for Tourism Recovery [BNN Bloomberg (Canada)]

AIRPORT OF THLND UNSP/ADR (AIPUY) 
NASDAQ:AMEX Investor Relations: aot.listedcompany.com
Company Research Source: BNN Bloomberg
Thavisin, a move likely to accelerate the pace of the post-pandemic recovery in the Southeast Asian nation's key tourism industry. Chinese visitors to Thailand will be exempted from visa needs beyond the current temporary scheme ending Feb. 29, Srettha told reporters on Tuesday. China will also grant Thai tourists the same permanent privilege following several rounds of talks, he said. Chinese were Thailand's largest group of tourists before the pandemic. They accounted for more than a quarter of the 40 million visitors in 2019 but tallied only about 3.5 million out of the 28 million tourists last year. Since taking office in September, Srettha's government has rolled out several measures to boost tourism — what he calls a “quick win” — to stimulate growth in Southeast Asia's second-biggest economy. The sector accounts for about 12% of gross domestic product and nearly a fifth of jobs. Thailand has also temporarily waived visa requirements for travelers from Russia, Kazakhstan Show less Read more
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