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The next big thing: Thailand outbound travel on the up

The next big thing: Thailand outbound travel on the up

michael

- June 13, 2018

Suvarnabhumi Airport in Bangkok, Thailand
Suvarnabhumi Airport in Bangkok, Thailand

Thailand, for so long a major holiday destination, is starting to become a significant source of outbound travellers – The Next Big Thing Thailand Outbound Travel has revealed.

Last year, the country accepted some 35 million visitors. Less well-known, but increasingly important, is the number of Thai’s travelling overseas as incomes rise, consumer habits change, travel becomes more affordable, and relaxing visa rules.

Thailand’s outbound travellers were projected at 9.1 million in 2017 and are “looking at crossing 10 million in 2018,” said Imtiaz Muqbil at the report’s launch, who edited The Next Big Thing.

It is in marked contrast to 2016 when Thais going overseas were some two-thirds of last year’s total or 6.2 million people.

Passengers queue at immigration control at Suvarnabhumi International Airport
Immigration control at Suvarnabhumi International Airport

A number of factors have caused this increase. Thailand’s economic stability in recent years – something underscored by good first quarter GDP figures is one. The strength of the baht against major global currencies, making holidays overseas affordable for more than just the rich, is another.

Also important are the demographics of an increasingly affluent and urban but largely young population who are keen to travel. The three most promising demographic segments are the millennials, aging baby-boomers and the women travellers, the report said.

One of the biggest triggers is the cost of travel dropping, especially for airfares. As of January 2018, Thailand was served by 118 scheduled and charter airlines that like to take people out as well as bring them in and will discount steeply to do so. Low-cost carriers have been a significant driver in this respect.

Helping this, diplomats are increasingly seeking to narrow the inbound-outbound gap. Countries such as Indonesia, Russia, Bangladesh and India are looking to rectify the huge imbalance between the number of their citizens coming to Thailand against the number of Thais visiting their countries.

Another country in this group is Sri Lanka who sends the 80,000 visitors to Thailand whilst taking in only 10,000 in return despite being a major Buddhist centre with long links to Thailand.

Seema Malaka temple in Colombo, Sri Lanka
Seema Malaka temple in Colombo, Sri Lanka

Colombo is considering the idea of marketing some type of Buddhist Circuit tourism to appeal to older travellers whilst developing in parallel a beach and adventure package for sale to their younger counterparts, a representative of the Sri Lankan government told the forum.

For entry-exit formalities, Bangkok has made it extremely easy for Thais to get and/or renew passports. Thais also face less hassle at their own border checkpoints and no more immigration form filling and automatic machines have reduced the stress of travel.

DOWNLOAD THE FULL REPORT HERE

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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The next big thing: Thailand outbound travel on the up

michael

- June 13, 2018

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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!

x Studio

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