Tourism

Tourism resurgence in Thailand could generate 3 trillion baht

Published: Tuesday 7 June 2022

Recently, the Thai Ministry of Tourism explained the performance of its tourism sector in times of COVID, highlighting that its tourism resurgence two years after the pandemic could bring in 3 trillion baht.

The announcements came as part of the government’s speech at a fiscal budget debate in parliament, when the opposition accused the proposed 2023 budget of being unfair.

Fifat Ratchakitprakarn, Minister of Tourism and Sports of Thailand, explained that the number of foreign tourists who came to Thailand before COVID-19 was almost 39.8 million. This contributed to the receipt of 3 trillion baht, which is 18% of the country’s GDP.

Thailand registered about 430,000 visitors from overseas last year. This figure was observed from the beginning of 2022 to May, when the number increased to 1.31 million. This year it marked a positive start.

At present, the Thai Ministry of Tourism and Sports hopes that the number of foreign tourists from June to September 2022 will be 2.7-3 million, and more than 1 million between October and December. The ministry has set a target for 2022 in terms of total international tourism of 7-10 million people and hopes the country will get 1.15-1.5 trillion baht under control.

The Thai Ministry expects tourism revenue to reach 2.4 trillion baht in 2023 and easily reach the pre-pandemic figure of 3 trillion baht in 2024.

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Tags: Thailand, Tourism

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