Tourists contribute to recovery Thai economy
2022.12.14 08:00
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Tourists contribute to recovery Thai economy
Budrigannews.com – The finance minister stated on Wednesday that Thailand’s economy is still on the road to recovery and that it should expand by 3.4% this year and 3.8% next year, supported by a recovery in the country’s essential tourism industry.
Arkhom Termpittayapaisith stated at a World Bank event that Southeast Asia’s second-largest economy can weather global uncertainties and that average inflation should reach 6% this year.
Thailand’s tourism industry has only begun to show signs of new growth this year, and the country’s 1.5% economic growth in the previous year was among the region’s slowest.
According to a separate business seminar, Yuthasak Supasorn, governor of the Tourism Authority of Thailand, Thailand recorded 10.3 million foreign tourist arrivals between January and December, exceeding the government’s full-year goal of 10 million.
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He stated that the country should have 11.5 million foreign visitors by the end of the year with between 60,000 and 70,000 visitors per day.
If Chinese tourists return, according to the tourism authority, Thailand could receive approximately 25 million foreign tourists in 2023.
Prior to the pandemic in 2019, nearly 40 million tourists visited Thailand, compared to just 428,000 this year.
