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Thailand eyes 15% jump in tourism revenues

Thailand eyes 15% jump in tourism revenues

Mark Elliott

- July 12, 2017

Thailand expects to welcome 35 million visitors in 2017
Thailand expects to welcome 35 million visitors in 2017

Thailand expects to experience a sharp rise in its tourism revenues next year, as its drive to attract more “quality tourists” pays dividends.

Visitor arrivals to the kingdom have been sluggish in recent months, as the Thai government clamps down on so-called “zero baht tourists”. But the Tourism Authority of Thailand (TAT) says it is confident of achieving a significant rise in tourism revenues in 2018.

“Moving forward, the TAT will draw focus on increasing the number of quality tourists,” the tourism board’s governor, Yuthasak Supasorn, was quoted saying by the Bangkok Post. “We project the tourism industry will bring in THB3.1 trillion (US$90.8 billion) in revenue in 2018, up from THB2.7 trillion this year.”

If achieved, the 2018 total would mark a near-15% increase compared to 2017. Revenues from international tourism are expected to jump 17% to THB2.1 trillion, while domestic revenues are expected to rise 5% to THB1 trillion.

While the growth of Thailand’s tourism sector has slowed in recent months – partially as a result of the zero-baht crackdown and partially due to other factors, including economic issues – visitor arrivals to the country continue to climb. Governor Yuthasak also revealed that Thailand still expects to welcome almost 35 million international visitors in 2017, up from 34m last year, while domestic trips are forecast to increase from 145m to 154m.

The Bangkok Post also reported the TAT as saying that it will focus its marketing efforts on attracting “first-time visitors from second-tier cities in Europe and China”.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

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Thailand eyes 15% jump in tourism revenues

Mark Elliott

- July 12, 2017

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

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Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats