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Tourism industry expects more growth this year

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Tourism industry expects more growth this year

 

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BANGKOK (NNT) - The tourism sector, which is the main economic driver and income generator of the country, is now facing challenges from the appreciated Thai currency, viral diseases, and the conflict between the U.S. and Iran. Despite all these setbacks, the tourism industry is expecting visitors numbers this year will reach 40 million, generating some 2.05 trillion baht in revenue thanks to the government’s tourism promotion measures.

 

The Tourism Council of Thailand’s (TCT) President Chairat Trirattanajarasporn, has revealed the confidence among tourism businesses in Thailand in Q4 2019 was relatively low due to the effects of the U.S.-China trade war, middle east tension, and the stronger Thai baht, which affects tourists’ spending behavior, especially among European and American tourists.

 

He said however that the businesses are expecting the situation to improve in the first quarter this year, with contributions from the extension of theVisa on Arrival fee waiver, as well as important holidays during this period.

 

The council is expecting 11 million international visitors in Q1 2020, which is even higher than the number in Q4 2019 of 10.3 million, and a 2.08 percent growth year-on-year. The council is expecting annual foreign visitor numbers to be 40.7 million, which will be 3.3 percent higher than the number last year, generating some 2.05 trillion revenue, which is a 2.9 percent growth on last year.

 

The TCT is confident that many visitors will continue to make repeat visits as 90 percent of them are impressed with the beauty of Thailand, urging the media and Thai people to help present positive images of the country and refrain from sharing fake news or information which may affect the country’s reputation. The government is asked to help solve issues seen as obstructions to the tourism industry, such as reforming the hotel and accommodation regulations to be more modern, raising the capabilities of businesses, and promoting domestic tourism among Thai people.

 

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5 hours ago, webfact said:

The tourism sector, which is the main economic driver and income generator of the country, is now facing challenges from the appreciated Thai currency, viral diseases, and the conflict between the U.S. and Iran. Despite all these setbacks, the tourism industry is expecting visitors numbers this year will reach 40 million, generating some 2.05 trillion baht in revenue thanks to the government’s tourism promotion measures.

😂🤣😂🤣 Dreamers!!!

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30 minutes ago, 30la said:

😂🤣😂🤣 Dreamers!!!

Not so sure about that 🤔

For the past 30+ years Thailand has experienced substantial tourist growth, the odds are certainly on them achieving further growth this year!

Quite how they do it is beyond me, I hope to see huge tourist drop offs in my lifetime, but aint going to bet on it! 

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54 minutes ago, CGW said:

Not so sure about that 🤔

For the past 30+ years Thailand has experienced substantial tourist growth, the odds are certainly on them achieving further growth this year!

Quite how they do it is beyond me, I hope to see huge tourist drop offs in my lifetime, but aint going to bet on it! 

I always had that opinion CGW - no matter what happened, Teflon Thailand Tourism seemed to grow.

 

But it can't grow forever, and this is really the first year I think that Thailand probably peaked in 2019 and will go backwards.

 

The economic signs are bleak.

 

Personally, I would like to see a major tourism correction that makes Thailand rethink the value of tourists and long-stayers. I stay because of business interests, but if I could leave, I probably would, or at least spend less time here. 

 

I guess time will tell, but right now, there is almost nothing positive about Thailand on the horizon. 

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58 minutes ago, DLock said:

I guess time will tell, but right now, there is almost nothing positive about Thailand on the horizon. 

I agree with what your saying, they have a lot of money in the bank to see then through hard times though, be interesting to see what transpires?

Edited by CGW

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Can hardly wait till the end of Q1 when the TCT president states that although Q1 visitors were down, we are expecting many visitors in Q2 due to,,,,, blah blah blah, blah....

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32 minutes ago, CGW said:

I agree with what your saying, they have a lot of money in the bank to see then through hard times though, be interesting to see what transpires?

 

      The big question is where do , they stack all the Gold, they have bought . 

      Fort Knox , in rural Issan ?...

 

 

Edited by elliss

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There's a national park close to where I live for Thai nationals it's 40 baht falong 400 baht and you can't walk the trails with out a guide

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