Connect with us

Economy

Prominent economic think-tank welcomes November 1 re-opening plans

Maya Taylor

Published

 on 

PHOTO: Flickr/BaronessEast
image
image

A leading economic research body says a planned re-opening to international tourism from November will give the Thai economy the boost it needs. According to a Nation Thailand report, the Kasikorn Research Centre predicts further economic growth from next year, provided the government gets Covid-19 under control. It points out that the country’s tourism sector will only see a full recovery if the Thai government manages to get over 70% of the population fully vaccinated.

The economic research body expects international tourism to increase by 64% given that the re-opening date of November 1 falls during the normally-busy high season. In total, it expects a total of 180,000 foreign tourists for 2021, an increase of 30,000 on its previous forecast. This should equate to revenue of around 13.5 billion baht for the Thai economy.

The Kasikorn Research Centre has also praised the success of the sandbox scheme first launched on the southern island of Phuket on July 1. According to the centre, Phuket’s sandbox model has proved a success with visitors from the US, the UK, Germany, and the Middle East. It adds that the provision of special tourist visas and provinces that manage to control the spread of the virus will all be big draws for foreign tourists.

Nation Thailand reports that the PM’s recent announcement about a quarantine-free re-opening for vaccinated tourists from low-risk countries has led to a rise in online searches for Thai holidays. Travel insight data from Google reveals an increase in searches for hotels and accommodation offers, particularly among users in Russia, the US, the UK, Germany, and India. Most searches were for properties in Bangkok, Pattaya, Koh Samui, and the Patong and Karon areas of Phuket.

For more information on how to get into Thailand during the pandemic, CLICK HERE.

SOURCE: Nation Thailand

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forum
🔔 Subscribe to our daily newsletter
📺 Subscribe / Join for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

A seasoned writer, with a degree in Creative Writing. Over ten years' experience in producing blog and magazine articles, news reports and website content.

Follow Thaiger by email:

Bangkok18 mins ago

Bangkok police say restaurateurs could face jail time for serving alcohol after 9pm

Crime21 mins ago

Survey reveals most respondents oppose legalising pornography in Thailand

Malaysia53 mins ago

Singapore and Malaysia reopen shared land border today

Sponsored1 hour ago

Siam Seaplane makes getting to your destination so much easier

imageimage
Bangkok2 hours ago

Booze sales are likely to be extended until midnight during Christmas and New Year’s

Video2 hours ago

Thailand Top Stories | Thailand Pass update, later alcohol hours proposed, Thai porn | Nov 29

Thailand2 hours ago

Legalising porn, Alcohol sales, Nightlife venue | Good Morning Thailand | Ep.141

image
Join the conversation on the Thaiger Talk forums today!
Coronavirus (Covid-19)2 hours ago

Omicron Covid-19 variant isn’t in Thailand, DDC director says

Media19 hours ago

No sex please, we’re Thai

Events20 hours ago

An aquatic meal with Olga Belka – taking art to new depths

Transport23 hours ago

Hua Lamphong (Bangkok Train Station) – History and future | VIDEO

Thailand24 hours ago

Bug-eating challenge with Natty, feat. Mark Abbott | VIDEO

Coronavirus (Covid-19)1 day ago

UPDATE: Israel bans ALL foreign entry over Omicron

Thailand1 day ago

New variant could dampen Thailand’s reopening enthusiasm

Coronavirus (Covid-19)1 day ago

UPDATE: Latest news on Omicron – what we know

Tourism2 days ago

Songkhla prepares for tourism across the Southern land border

Thailand3 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand9 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism9 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket9 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism9 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand9 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism9 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand10 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand10 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand10 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand11 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand11 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand11 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand11 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand11 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending