Despite political instability, Thailand witnesses foreign tourists

Saturday, May 20, 2023

Thailand witnessed much political instability during the elections; however, foreign tourists came back by
millions this year and this helped augment and support the second-largest economy of Southeast Asia.

The arrival of visitors totaling 6.5 million during the first quarter of this year compared to 498,000 a year
before is assisting a lot of businesses and consumer action in Thailand. On its way to reach the
government’s aim of hosting three times extra foreign tourists in 2023 from 10 million in 2022, tourism is
definitely a stronghold in the midst of the political clamor.

Thitima Chucherd, an economist said that tourism will be an important pillar for financial growth this year. In the worst-case situation, government expenses, consumption and funding might be impacted by
government foundation. Nevertheless, tourism will be out of any political influence.

A foundation of Thailand’s finance prior to the pandemic, tourism is regaining its vital role with
investors waiting and observing the scenario after a nationwide voting on Sunday. While pro-democracy
parties bagged the maximum quantity of seats in the vote to Thailand’s 500-member House of
Representatives, the backing of 250 senators chosen by the army will be playing a critical role in the
selection of the Prime Minister.

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