Driven by optimism that falling oil prices are expected to revive the Thai tourism industry, Thai Airways International led the airline and hotel operator sectors. The stock price of Thai Airways once rose 7.1%, the biggest intraday increase since June 30; AirAsia rose 0.9%. According to a report by Finansia Syrus Securities, aviation sentiment will improve further as the tension in the Middle East eases leading to a drop in crude oil prices. Thai Airports rose 1.6%; Erawan rose 5.2%; Central Plaza Hotel rose 4.6%; and Minor International rose 3.4%. According to a Maybank report, lower fuel costs will also benefit travel-related stocks, and the market generally expects a gradual recovery in international travel.

Driven by optimism that falling oil prices are expected to revive the Thai tourism industry, Thai Airways International led the airline and hotel operator sectors. The stock price of Thai Airways once rose 7.1%, the biggest intraday increase since June 30; AirAsia rose 0.9%. According to a report by Finansia Syrus Securities, aviation sentiment will improve further as the tension in the Middle East eases leading to a drop in crude oil prices. Thai Airports rose 1.6%; Erawan rose 5.2%; Central Plaza Hotel rose 4.6%; and Minor International rose 3.4%. According to a Maybank report, lower fuel costs will also benefit travel-related stocks, and the market generally expects a gradual recovery in international travel.