Tourism numbers down down, but BTS ridership is up!

tourism2014International Tourist arrivals came out down 8% YoY for Feb and thats grabbed all the headlines, but tourism related stocks (hotels, airlines) have been doing very well in the past 1-2 months b/c all the news re the protests have already been priced in since the first week of the year. The question we’ve been asked is if Thailand’s tourism market will recover, well, yes it will, just how quickly (i.e. 1-3 months or 6-12 months) is something we don’t know

Image Source: Department of Tourism

BTS BTS BTS, with more carriages and more routes opening, there should be no surprise that the YoY growth numbers (this time +20%) continue to look good.

bts_feb14Image Source: BTS

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