tourism revenue
- 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 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…
- 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
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…
- 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 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…
- 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
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
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…
