Thai visitor arrivals are expected to skyrocket.

June 25, 2022

Photo by Dan Freeman on Unsplash

Despite growing inflation and sluggish spending power, Thai domestic tourism is anticipated to expand 162 percent to 188 million trips and produce 720 billion baht this year, according to ttb analytics, the research arm of TMBThanachart Bank.

According to the corporation, the expansion will be primarily driven by the further relaxation of Covid-19 limits beginning in July.

All 77 regions in the country will be certified as “green” Covid-19 surveillance zones, allowing commercial operators to operate freely, while the cancellation of the Thailand Pass beginning next month is expected to boost travel mood.

As per the data, despite Thai tourists’ concerns about rising energy prices, there is significant supressed demand.

Those who wish to travel are anticipated to choose alternative destinations more frequently than usual in order to avoid busy places and preserve social distance norms.
Second-tier cities benefit from the authenticity of local experiences, as well as reduced expenses.

Another encouraging measure is the extension to October of the fourth phase of the hotel subsidy scheme “We Travel Together,” which includes an additional 1.5 million rooms, as well as a new project called “State Workation Around Thailand,” which will grant each civil servant two additional holidays between July and December.

According to the report, total domestic tourism earnings this year is likely to reach 720 billion baht, a 228 percent rise.

The number of journeys increased by 87.6 percent in the first four months of this year, with revenue increasing by 82.9 percent year on year to over 220 billion baht.

Provinces that rely largely on foreign tourists, particularly from China and Russia, were still hit in the first four months because international aviation traffic remained 10-20% below pre-pandemic levels.

As a result, only 12 provinces, or 15% of the total, experienced considerable increases in both tourist numbers and revenue.

As commodity prices rise faster than in the first six months, increasing inflation may have an impact on domestic spending and tourism in the second half of this year.

With more than 70% of local tourists travelling by car, rising gasoline prices have resulted in a 10% increase in the cost of filling up a vehicle.

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