tourism revenue
- Thailand News
Thailand makes biggest-ever showcase at ITB Berlin 2025
Thailand is making its biggest-ever splash at ITB Berlin 2025, the world’s largest travel trade show, with an expanded exhibition space and a record-breaking delegation of 160 Thai tourism operators. The event, running from March 4 to 6 in Berlin, Germany, will mark Thailand’s strongest push yet to capture the European travel market. Tourism and Sports Minister Sorawong Thienthong announced…
- Phuket News
Phuket aims for 500 billion baht in tourism revenue this year
Phuket is set to bring in a tourism revenue of 500 billion baht this year, as outlined by the Provincial Governor, Sophon Suwannarat. Last year’s tourism revenue was deemed successful, with the Tourism Authority of Thailand (TAT) reporting that over 13.14 million tourists visited, generating at least 497 billion baht. Sophon highlighted this year’s goal of 500 billion baht, noting…
- Tourism News
Thailand’s tourist influx generates over 270 billion baht revenue
Thailand has experienced a significant influx of over 5.5 million international tourists between January 1 and February 16, as reported by the Ministry of Tourism and Sports under the leadership of Sorawong Thienthong. This surge in visitors has resulted in the generation of more than 270 billion baht (US$8 billion) in revenue, playing a crucial role in the country’s ongoing…
- 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.…
- 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…
- Tourism News
Hippo hooray: Moo Deng ‘charges’ up Chon Buri’s tourism boom
Chon Buri province is experiencing a significant boost in tourism revenue, largely due to the popularity of a baby pygmy hippo named Moo Deng. This charming young hippo, only four months old, has become a major attraction at the Khao Kheow Open Zoo. Governor Thawatchai Srithong announced that Chon Buri’s tourism-related revenue reached 27 billion baht (US$777 million) from July…
- 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…
- 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$30 billion) will likely be missed due to a sluggish economy and the impact…
- Business News
Thai baht surge hits exporters and tourism revenues
Thailand’s exporters and tourism sector are feeling the squeeze as a rapid appreciation of the Thai baht continues to impact revenue. The central bank attributed this surge to a weak US dollar and stronger regional currencies, such as the Chinese Yuan and Japanese Yen. Yesterday, September 30, the baht reached a 31-month peak at 32.235 against the US dollar, marking…
- Tourism News
Thailand welcomes 20 million tourists in seven months
Thailand experienced a significant surge in tourism, welcoming 20 million foreign tourists in the first seven months of the year, marking about half of the pre-Covid-19 levels. Prime Minister Srettha Thavisin announced on X, formerly Twitter, that from January 1 to July 25, more than 20 million international visitors arrived in Thailand, reflecting a 34% increase from last year. Acknowledging…
- Tourism News
Thai tourism must shift to supply-driven strategy for 2025, says TAT
The Thai tourism industry must adopt a supply-driven strategy to enhance its competitiveness, according to the former governor of the Tourism Authority of Thailand (TAT). The TAT outlined its marketing direction for 2025, aiming to increase revenue by 7.5% from 2024, targeting 39 million foreign arrivals and 205 million domestic trips. This figure is a revision from the 220 million…
- Business News
Thailand targets 3.5 trillion baht in tourism revenue by 2025
The Tourism and Sports Ministry is contemplating increasing the tourism revenue target for 2025, suggesting that the Tourism Authority of Thailand (TAT) should aim higher than the 3.5 trillion baht goal set for this year. At the TAT Action Plan 2025 meeting held yesterday, July 9, the agency announced a target of 3.4 trillion baht (US$ 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
Thai tourism revenue to hit 3 trillion baht, misses target
Thai tourism revenue is projected to reach 3 trillion baht this year, falling short of the government’s target of 3.5 trillion baht due to economic challenges in key markets, the Tourism Authority of Thailand (TAT) reported. As of today, Thailand has seen 14.9 million foreign arrivals, generating 709 billion baht (US$19.4 billion). This figure represents roughly 30% of the international…
- Business News
Thailand targets 465 billion baht in central region tourism revenue
The Tourism Authority of Thailand (TAT) is set to promote the central region with new flight connections to the south and northeast, aiming to generate 465 billion baht in tourism revenue this year. Following a mobile cabinet meeting in Phetchaburi province, Prime Minister Srettha Thavisin directed TAT to boost tourism in Suphan Buri, Kanchanaburi, Ratchaburi, and Phetchaburi. The initiative will…
- Tourism News
Thailand’s tourism sector set to generate 614 billion baht in Q2
Despite the second quarter often being perceived as the off-peak season, the Tourism Authority of Thailand (TAT) anticipates that the country’s tourism sector will generate a revenue of 614 billion baht (US$ 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,…
- Business News
Thailand targets diverse travel groups to boost tourism revenue
Thailand‘s aim of generating 3.5 trillion baht (US$97 billion) in tourism revenue this year requires a broader appeal beyond just leisure travellers to be competitive with other destinations, as per Dusit International. Suphajee Suthumpun, the CEO of Dusit Group, pointed out that while the new visa-free scheme is likely to ease travel, it alone would not suffice to boost revenue.…
- Tourism News
Thailand aims for 40 million tourists and 3.5 trillion baht revenue
The goal of 40 million international tourists and an ambitious revenue target of 3.5 trillion baht (US$ 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
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…
- Thailand News
Thai National Parks’ revenue rises 324 million baht from last year
The Ministry of Natural Resources, and Environment of Thailand revealed that the revenue of 133 Thai national parks increased by 324 million baht this year. The Director-General of the Department of National Parks, Wildlife and Plant Conservation, Ratchada Na Ayutthaya, revealed that the revenue increased because of the border reopening on July 1 and the relaxation of travel restrictions after the…
- 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 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
Survey shows over half of Thai hotels are considering closing due to low demand
A survey conducted by the Bank of Thailand and the Thai Hotels Association shows that 52% of hotels are considering closing temporarily and 9% want to shut down for good. 62% plan to reduce their workforce costs as a result of the financial fallout from Covid-19, while 61% say they will cut expenditure elsewhere. The Bangkok Post reports that the…
- 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
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…
