3.18 trillion Baht expected in overall revenue for Thailand in 2020

Thursday, January 2, 2020

For the year ahead the Tourism Authority of Thailand (TAT) is expected to generate 3.18 trillion Baht in overall tourism revenue for Thailand which will show a year-on-year increase. The  international tourists will contribute 3 % and domestic tourists 5%.

It is estimated that 3.06 trillion Baht was generated in 2020 showing 4% increase from 2018 where 1.96 trillion Baht from 39.77 million international tourists and 1.10 trillion Baht and 167 million from domestic trips.

On December 27, 2019, Thailand welcomed the 39 millionth tourist  and 16 tourism stimulus measures were launched by the Thai government to stimulate more inbound travel including the opening of more VAT refunds shops and counters along with 24-hour cross-border tourism on the Thai-Malaysian and Thai-Lao borders during the weekends and holidays, the e-visa service and exemption of the visa-on-arrival fee until 30 April 2020.

New air routes like Hangzhou-Chiang Rai, Sendai-Bangkok, Munich-Phuket and Doha-Chiang Mai is expected.

Mr. Yuthasak said that TAT is also preparing to overcome several challenges, including the effect from the China–US trade war, the rise in consumption tax in Japan, and Brexit. The strong Thai Baht, Tokyo 2020 Summer Olympics, World Expo 2020 Dubai and stimulus visa schemes from country competitors have also been taken into consideration when laying out our tourism marketing strategies.

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