For the past two years, Thailand’s tourism industry has been in a coma due to the Covid-19 pandemic.To revive the economy, the government has now relaxed Covid-19 control measures to reopen the country. Big hotels now have a chance to recover but for a majority of small hotels, however, it is already too late – […]
Kirida Bhaopichitr The Thai economy will grow next year after contracting by almost 10% this year. Next year, the Thai economy is expected to expand 3 to 4% from this year. It will not be until the end of 2022 before the Thai economy returns to its pre-Covid level of 2019. However, if there is another […]
Adis IsrangkuraKanjana Yasen True, the tourism industry is the country’s biggest income earner. But the massive influx of tourists far exceeds the country’s carrying capacity which has dealt a heavy toll on the natural environment. True, the global Covid-19 pandemic has brought the tourism industry to a standstill, destroying businesses and millions of jobs. But […]
Kirida Bhaopichitr The Thai economy will continue to grow slowly in 2020, albeit slightly faster than this year. It is projected to expand at 2.5-3.0%, compared with 2.5% in 2019, in line with faster growth in the global economy next year. The Thai economy’s main drivers in 2020 will be recoveries in export volumes and […]
Khanitha Pakinamhang Tourism has long been an important source of revenue for Thailand. Last year, there were approximately 35 million visitors to Thailand, generating total income of around 1.8 trillion baht, according to the Ministry of Tourism and Sports. Unfortunately, in recent years Thailand’s tourism industry has been affected by what is dubbed as “poor […]
Kannika Thampanishvong International tourists who are familiar with Thailand are likely to have opted to visit popular destinations such as Bangkok, Pattaya and Phuket but Thailand is a vast, variegated land that rewards further exploration. Northern Thailand is one of the most alluring destinations outside of Bangkok as this region offers a staggering range […]
Kirida Bhaopichitr The Thai economy this year is poised to grow close to 4%, the highest rate since 2012. There are three main reasons for growth this year: a recovery in exports, continued robust growth in tourism, and high farm incomes in the first half of the year. However, growth has been so far concentrated […]
