Will The Tourism Industry Of Thailand Be Able Recover?

The success in the tourism industry of Thailand is expected to remain stable this 2017. This will also continue to be the major reason why the economy of the country will steadily grow despite the assumptions of tourism officials that there will be a decrease in the number of Chinese tourist visiting the country – at least for the first few months.

The government started their crackdown on cheap tour packages September of last year and this has created a negative impact on the number of tourists coming from China. The authorities as well as operators in private tourism business are not concerned though because they believe that the flocks of tourists will eventually return to its usual volume.

According to the Tourism and Sports Ministry, the tourism industry will bring in revenue as much as 2.71 trillion baht for the year 2017. Foreign tourists will be contributing the 1.78 trillion of the total revenue. When this happens, the revenue will grow by 8.5 per cent compared to the figure recorded last year. 930 billion will be coming from domestic tourism which will increase the number by 7.5 per cent in comparison with the figure in 2016.

It was projected earlier that they will earn 2.6 trillion but later changed it which resulted to an increase of 8.2 per cent compared to the expected target last year which is at 2.5 trillion.

International tourists arriving in Thailand is expected to rise up to 35 million for this year. Last year, 32.5 million foreign tourists came to the country.

The economy of the country is now slowly recovering, thanks to the measures done by the government as well as the investment that has entered the country in terms of massive infrastructure projects. This will be the reason why the tourism in Thailand will continue to grow. According to the prediction made by the Fiscal Policy Office, the economy of Thailand will increase by 4 per cent for this year.

Tourism plays a great role in the economy of a region thus tours such as in Thailand and South America Tours are being promoted in order for the countries to benefit.