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Thailand expects $64.5 billion in tourism revenue by 2023

Thailand expects $64.5 billion in tourism revenue by 2023

HP News Desk

Thai government wants Thailand tourism revenue to hit 80% of its pre-pandemic levels in 2019 next year as the key growth sector begins to see a recovery as the pandemic fades, government spokesman Anucha Burapachaisri said.

Foreign tourists are expected to bring between 970 billion baht and 1.5 trillion baht next year, he said.

Thailand tourism revenue expects 1.5 million arrivals each month in the last quarter of 2022, Anucha said, adding that September has seen more than a million tourists so far.

The government aims for 10 million visitors throughout the year. Tourism is a major driver of Southeast Asia’s second largest economy. In 2019, it welcomed nearly 40 million visitors, who spent 1.91 trillion baht.

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