The tourism sector in Thailand recovered in the first eight months of 2022, bringing in more than four million visitors. As leisure tourists return to the country in Southeast Asia after most of the COVID-19-related restrictions were eased, the government expects to earn approximately $11,620 million from a boom in international visitor arrivals in the second half, according to GlobalData.
According to the Thai government, around 7.5 million international passengers are expected to visit popular tourist destinations such as Bangkok, Phuket, and Koh Samui between July 2022 and December 2022, indicating an increase of 1,840% over that in the previous year. Similar to most countries that rely heavily on tourism, Thailand is gaining from an increase in demand for travel after the government lifted all the pandemic-related restrictions that had prevented travelers from visiting it for about two years.
The central bank and other government agencies increased the projected arrivals due to the tourism sector’s stronger-than-expected recovery, helping to lessen the impact of long-term high inflation and sluggish exports on Thailand’s economy. According to GlobalData, the market value of Thailand travel and tourism registered a significant change, an increase over the last six years, by 17.36% in 2022 from that in 2021.
To facilitate improvement in the industry, the Thai government recently stated the validity of one of its most popular tourist visas will be increased from 15 to 30 days beginning October 2022.
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