tourism revenue
- Tourism News
Thailand aims for 3.4 trillion baht tourism revenue by 2025
Thailand is setting its sights on a tourism boom with a newly launched strategy aimed at bolstering both international and domestic travel. With the tourism sector generating a substantial 1.892 trillion baht (US$56 billion) in 2023, the government is now targeting an impressive 3.4 trillion baht (US$100 billion) in revenues by 2025, aspiring to welcome over 40 million international visitors.…
- Phuket News
Phuket cabaret boosts economy with 200 million baht annually
Phuket’s vibrant cabaret scene is being hailed as a significant contributor to the province’s economy, with the potential to generate over 200 million baht annually. Phuket Governor Sophon Suwanrat highlighted the substantial impact of the Simon Cabaret Phuket Show during its reopening in the Kathu district yesterday. This year has marked a resurgence for tourism in Phuket, and the numbers…
- Thailand News
Senate chiefs praise Phuket’s visionary anti-corruption strategy
Phuket took centre stage yesterday as the Senate Committee on Independent Organisations visited the island to evaluate its anti-corruption drive and roadmap for sustainable growth. The high-profile meeting yesterday, November 26, at Phuket Provincial Hall, led by Police Major General Chatchawan Saengphet, highlighted the province’s ambitious efforts to clean up its act and secure a greener future. Phuket Vice Governor…
- Thailand News
Thailand’s Marriage Equality Bill to boost GDP and tourism
Thailand’s historic decision to legalise same-sex marriage, starting January 2025, is set to supercharge its tourism industry, drawing in millions of visitors and billions in revenue. According to a new study by digital travel platform Agoda, this legislative move is projected to bring in 4 million additional international visitors each year, driving up tourism revenues by an impressive US$2 billion…
- Thailand News
Loy Krathong festival to generate 6.9 billion baht tourism revenue
Thailand’s Loy Krathong festival is set to boost the economy, with an expected 6.9 billion baht in tourism revenue from 1.9 million domestic trips, as reported by the Tourism Authority of Thailand (TAT). The northern region is forecasted to be the most popular destination, drawing the highest number of tourists. TAT Governor Thapanee Kiatphaibool projected a 9% increase in tourist…
- Tourism News
Phuket tourism revenue poised to exceed 2019 levels
Tourism revenue in Phuket is on track to surpass the 2019 figures, with visitor numbers approaching pre-Covid-19 pandemic levels, as revealed by Thanet Tantipiriyakit, President of the Phuket Tourist Association. “Phuket has now transformed into a destination for quality tourists, as total spending of tourists has risen above the amount recorded in 2019 despite the overall number of visitors falling…
- Business News
Thailand’s domestic tourism revenue to hit 970 billion baht
Festive events and new stimulus campaigns are set to boost domestic tourism revenue in Thailand to between 950 billion and 970 billion baht (US$28.6 and US$29 billion) this year, according to the Tourism Authority of Thailand (TAT). Despite these efforts, the target of 1 trillion baht (US$30 billion) will likely be missed due to a sluggish economy and the impact…
- Business News
Thai baht surge hits exporters and tourism revenues
Thailand’s exporters and tourism sector are feeling the squeeze as a rapid appreciation of the Thai baht continues to impact revenue. The central bank attributed this surge to a weak US dollar and stronger regional currencies, such as the Chinese Yuan and Japanese Yen. Yesterday, September 30, the baht reached a 31-month peak at 32.235 against the US dollar, marking…
- Tourism News
Thai tourism must shift to supply-driven strategy for 2025, says TAT
The Thai tourism industry must adopt a supply-driven strategy to enhance its competitiveness, according to the former governor of the Tourism Authority of Thailand (TAT). The TAT outlined its marketing direction for 2025, aiming to increase revenue by 7.5% from 2024, targeting 39 million foreign arrivals and 205 million domestic trips. This figure is a revision from the 220 million…
- Tourism News
Thailand expects 42 billion boost from French tourists post-Olympics
The Paris Olympic Games are projected to draw fewer visitors than initially expected, prompting the Tourism Authority of Thailand (TAT) to anticipate a resurgence in the French market post-event. The TAT forecasts 42 billion baht in revenue from French tourists in 2024. Soraya Homchuen, TAT Director in Paris, indicated that the French market is experiencing a lull due to two…
- Business News
Thailand targets 3.5 trillion baht in tourism revenue by 2025
The Tourism and Sports Ministry is contemplating increasing the tourism revenue target for 2025, suggesting that the Tourism Authority of Thailand (TAT) should aim higher than the 3.5 trillion baht goal set for this year. At the TAT Action Plan 2025 meeting held yesterday, July 9, the agency announced a target of 3.4 trillion baht (US$ 93 billion) for next…
- Thailand News
Thailand’s tourism revenue goal in jeopardy: Tourism minister
Thailand faces an uphill battle in reaching its ambitious 3.5 trillion-baht tourism revenue target for 2024, as admitted by Tourism and Sports Minister Sermsak Pongpanich. Speaking at the Thai Hotels Association’s annual conference, Sermsak highlighted the current progress and challenges ahead. “In the first five months of this year, Thailand has welcomed 15 million foreign tourists, generating 1.1 trillion baht.…
- Business News
Thailand targets 465 billion baht in central region tourism revenue
The Tourism Authority of Thailand (TAT) is set to promote the central region with new flight connections to the south and northeast, aiming to generate 465 billion baht in tourism revenue this year. Following a mobile cabinet meeting in Phetchaburi province, Prime Minister Srettha Thavisin directed TAT to boost tourism in Suphan Buri, Kanchanaburi, Ratchaburi, and Phetchaburi. The initiative will…
- Tourism News
Thailand’s foreign tourism boom: 10 million visitors fuel 500 billion windfall
Thailand has welcomed over 10 million foreign tourists this year alone, leading to revenue exceeding 500 billion baht, reported the Tourism and Sports Ministry. The data, up to date as of yesterday, shows 10,723,953 foreign visitors have contributed to an income of 518 billion baht (US$14 billion). Chinese tourists led the pack with over 2 million visitors, followed by 1.39…
- Tourism News
Thailand’s tourism sector set to generate 614 billion baht in Q2
Despite the second quarter often being perceived as the off-peak season, the Tourism Authority of Thailand (TAT) anticipates that the country’s tourism sector will generate a revenue of 614 billion baht (US$ 16.7 billion). This optimistic prediction is attributed to a surge in domestic trips during the Songkran festivities scheduled for this month, which are set to surpass the number…
- Business News
Political unrest fuels growth in Thailand Privilege Card membership
Political unrest and geopolitical conflicts worldwide have propelled the Thailand Privilege Card’s membership count to a staggering 3,871, according to the card’s operator. The card’s operator, Thailand Privilege Card Co (TPC), noted that the long-stay visa, spanning from five to 20 years across four membership categories, has been a significant draw for individuals in countries facing severe political challenges. Russia,…
- Tourism News
Thailand aims for 40 million tourists and 3.5 trillion baht revenue
The goal of 40 million international tourists and an ambitious revenue target of 3.5 trillion baht (US$ 98,348,390,000), as set by Prime Minister Srettha Thavisin, remains a tall order for this year, according to the Tourism and Sports Ministry. Still, the ministry plans to attract longer stays and increase spending through a range of measures, including soft power products, safety…
- Thailand News
Thai national parks report record revenues and visitors in 2023
The Thai Department of National Parks, Wildlife and Plant Conservation disclosed on January 4, the rankings of the top 10 highest-earning and most-visited national parks from the pool of 133 parks for the previous year. Based on revenue from January to December 2023, the top 10 Thai national parks accumulated a whopping total income of 1,651,868,101 baht (US$47 million). Hat…
- Thailand News
American tourists spend more money in Thailand than Europeans, survey says
American tourists spend more money in Thailand on average than European tourists, according to a survey conducted by the Tourism Council of Thailand (TCT). The TCT polled 200 Western tourists about their holiday spending habits during Q4 of last year. On each trip to the kingdom, Americans said they spend 96,269 baht on average per person (US$2,887) and Europeans said…
- Tourism News
International tourism 2022: 11.5 million foreign arrivals
The Tourism Authority of Thailand says that, now that they’ve blown past their 2022 target of 10 million international travellers, they are now predicting 11.5 million by the end of the year. This is 15% above their projections which seemed overly hopeful earlier in the year. From the beginning of the year through December 20, 10.9 million foreign tourists have…
- Tourism News
Tourism is rebounding but travellers expected to spend less
A government spokesperson is saying that tourism is nearly back to pre-Covid levels, though the Ministry of Tourism and Sports expects travellers will spend less money than previously predicted. Since January, 5 million international travellers have now landed in Thailand, about half the amount the government forecasted by the end of the year. One million tourists entered during September, garnering…
- Thailand News
Thailand to boost tourism revenue by hosting Indian weddings, says TAT
Indian weddings are a “multi-billion dollar industry” that Thailand plans on tapping into, according to Deputy Governor of the Tourism Authority of Thailand (TAT) Siripakorn Chaewsamoot. The TAT said they want to bump up Thailand’s tourism revenue for 2022 up to 600 – 700 billion baht (US$16 – 19 billion) by the end of the year by targeting high-spending groups…
- Thailand News
Thailand could generate up to US$65 billion in tourism revenue next year, says TAT
Yesterday, the Tourism Authority of Thailand said the country’s tourism industry could generate up to US$65 billion, or 2.38 trillion baht, next year. The revenue could equate to around 80% of pre-pandemic tourism revenue, said Governor of the TAT Yuthasak Supasorn. Comparatively, the TAT expects Thailand to actualise 1.5 trillion baht in tourism revenue this year. Yuthasak expects Thailand to…
- Phuket News
TAT says Phuket sandbox has generated over 43 billion baht in revenue
The Phuket sandbox scheme has so far generated over 43 billion baht in revenue, with visitor numbers steadily increasing. So says the Phuket office of the TAT, in a Bangkok Post report today. According to TAT Phuket director, Nanthasiri Ronnasiri, the sandbox scheme initially welcomed around 300 foreign tourists a day when it first launched last July. Since then, that…
- Tourism News
Thai tourism likely to hit rock bottom this year
The Tourism Authority of Thailand says both international and domestic tourism are likely to drop to an all-time low this year. The Bangkok Post reports that the TAT predicts international arrivals may only number 1 million, with domestic tourism dropping to just 50 – 60 million trips. Yuthasak Supasorn from the TAT says the target of 3 million foreign arrivals…
- Tourism News
Tourism officials revise revenue forecast, insist Phuket will re-open on schedule
The governor of the Tourism Authority of Thailand admits it may need to revise its 2021 revenue forecast, but insists the Phuket “sandbox” project is still going ahead – and on time too. Yuthasak Supasorn says tourism officials will set a new revenue target, for both domestic and international tourists, as Thailand battles with a third wave of Covid-19. In…
- Tourism News
Thailand ranks 4th in the world for highest loss of tourism revenue – Official ESTA
The following article was submitted by a public relations company representing Official ESTA, a visa application and assistance processing firm. Thailand has one of the highest loss of tourism revenue in the world with a loss of $37,504 million USD. The country ranks fourth on a list complied by the company Official ESTA intended to show the financial impact the Covid-19…
- Tourism News
International travel in 2021 is unpredictable – Tourism Authority of Thailand
The future of Thailand’s travel industry is “opaque”, according to Tourism Authority of Thailand governor Yuthasak Supasorn. For once the usually over-optimistic TAT has made a completely honest assessment of the current situation. “There are unpredictable factors that come into play when trying to determine how 2021 will pan out, like the availability of a Covid-19 vaccine, the number of…
