The Tourism Authority of Thailand is expecting Thai tourism to increase 2.5% in sheer numbers but 4% in value over the next 12 months. Tourism Fitch expects Thai hotels’ RevPAR to drop by more than 60% in 2020. Key View: The Thailand government struggles to implement a tourism recovery strategy heading into Q121 as the risks of a majorglobal second wave of infections in key source markets remain pronounced. Chinese tourists watch a traditional Thai dance at Erawan shrine, a popular spiritual landmark in Bangkok, January 27, 2020. Although there was an improvement seen in the final quarter, Thailand’s GDP in 2020 registered a contraction of 6.1%, the worst since the 7.6% decline in the 1998 Asian Financial Crisis. March! The Tourism Authority of Thailand expects foreign visitors to fall by 5 million this year and the loss in revenue could be as much as 500 billion baht. Exports in particular have gone […] In the first 9 months of 2020, the Thai economy contracted by 6.7 percent. It is expected that the Thai stock market index will move in the range of 1,750-1,550 in 2020. “With the country introducing a government-directed lockdown and placing strict limitations on domestic and international mobility, revenue per available room trended downward during the first four months of 2020, led by declines in occupancy.” The TAT governor said that from January to March, foreign tourist numbers in Thailand slumped 38 percent to 6.69 million, with the number of Chinese visitors, Thailand’s biggest source of tourists, plunging 60 percent to 1.25 million. The COVID-19 pandemic has caused a 22% fall in international tourist arrivals during the first quarter of 2020, the latest data from the World Tourism Organization (UNWTO) shows. According to the data from the Ministry of Tourism and Sports, the key performance indicators showed growth rates in 2018 with a rose in Occupancy Rate (OR) to 71.4% from 70.6% in 2017. Spokesperson for the Centre for Covid-19 Situation Administration, Taweesilp Visanuyothin, says restrictions at restaurants in red zone provinces can be lifted if the situation improves. The total number is forecast to grow to 47.5 million in 2020, which will further accelerate Thailand’s position as one of the largest inbound tourism markets in the world. Foreign arrivals are expected to … Luk Thung Earworm About Calendar Vexes Netizens, PM Prayut Wishes You A Happy Chinese New Year…On TikTok, Myanmar Celeb ‘Paing Takhon’ Condemns Coup, Opinion: A Case Against Emigrating en Masse From Thailand, Opinion: COVID-19 Exposes Deadly Inequalities in Thailand, Opinion: CIA Agents in Thailand, Please Raise Your Hand, Opinion: Try Not to Mix Politics With the Outbreak. The FocusEconomics panel sees the economy expanding 4.4% in 2021, which is up 0.1 percentage points from last month’s projections, before growing 4.4% again in 2022. The rangers surround the home at around 5am this morning. The Ministry adjusted the outlook for GDP for 2020 from an 8.5% decline to a 7.7 percent decline, citing improving exports as the primary reason for the adjustment. Foreign arrivals are expected to … Tourism generally accounts for 12% of gross domestic product (GDP) and foreign visitor numbers fell 83% to 6.7 million in 2020, when the economy likely contracted 6.5%, the … Thai Economic Outlook 2020 -2021. Monday 7 December is a public holiday in Thailand, a substitution holiday for Father’s Day 5 December that falls on a Saturday. Thailand’s Tourism and Hotel Industry Outlook for 2018-2020 An annual growth of 8-10% in international arrivals and 5-7% in domestic tourism is forecasted for the period 2018-2020. The Tourism Authority of Thailand (TAT) has set a target of 3.18 trillion Baht in overall tourism revenue for 2020, a 4% year-on-year increase. They forecast the numbers to reach 40.8 million, an increase of 2.5%, which will add 2.02 trillion baht into the Thai economy next year. Dramatic Drop in 2020 due to the Corona Virus (Covid-19) Pandemic. Q1's reading marked the sharpest decrease since Q4 2011. Required fields are marked *, New research poses grim projections for world’s coastal cities, Thai road toll jumps to 109 after first two days of seven day campaign, Travel bubble talks to pick back up once Covid-19 is under control, Covid-19 third wave cuts Thai domestic flights predictions by 38%, Thailand ploughs ahead with plans for re-opening tourist areas. Read more headlines, reports & breaking news in Thailand. Thailand has Asia’s gloomiest economic forecast as tourism and exports hit hard by coronavirus Gross domestic product is forecast to contract 8.1 … In 2019 the number of Russian visitors reached 1.47 million, about the same number as 2018 – a better than expected result when a small drop in Russian visitors was expected. Thailand, an emerging market economy, is recognized as Southeast Asia’s second-largest economy, with enviable growth over the years—however, its growth has slowed in 2019. Rangers searched the area and found the body of Suraidin Katae, also known as Madong, who had a warrant out for his arrest. “Spending from foreign tourists amounted to 1.93 trillion baht (59.9 billion U.S. dollars), that accounted for 11 percent of the gross domestic product last year,” the governor said. Tourist Arrivals in Thailand increased to 6737 in March from 5741 in February of 2021. The gunfire exchange lasted about 10 minutes. The COVID-19 outbreak continued to intensify and spread to many regions ... Phuket Airport, which accounts for 83 percent of total foreign tourists. 2019 had a shaky start with the arrival of Tropical Storm Pabuk in the first week of the new year. The global tourism drought is … A suspected insurgent was shot and killed in a gunfire exchange with Thai rangers in Narathawit, a province in Thailand’s deep south by the Malaysian border plagued with violence from the religious separatist insurgency. The market was battered in 2020 by the Covid-19pandemic, and we expect H121 to remain weak for international tourism. Thai baht and exports. Thailand’s inbound tourism in 2021 has begun to see positive news, regarding significant progress on the COVID-19 vaccine development, and its planned use with people in many countries by the end of 2020. ... although the prolonged nature of the pandemic and its impact on the tourism sector remains a key downside risk. Thailand expects to rake in US$105 billion tourism revenue in 2020. According to the data from the Ministry of Tourism and Sports, the key performance indicators showed growth rates in 2018 with a rose in Occupancy Rate (OR) to 71.4% from 70.6% in 2017. Another suspected insurgent is on the run. The Ministry adjusted the outlook for GDP for 2020 from an 8.5% decline to a 7.7 percent decline, citing improving exports as the primary reason for the adjustment. The new government of Thailand is committed to … This page provides - Thailand Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news. Rangers got a tip that 4 insurgents were hiding out at a home in the district. 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Business and household incomes were increasingly affected. 39,797,406 Tourist Arrivals to Thailand in 2019. Last 9 Months almost no Visitors. Amazing Thailand, Travel information, Travel guide, maps, hotels, accommodation, attractions, events & festivals, food, culture, shopping information to help you plan your Thailand vacations. Export value of goods in US dollar terms is anticipated to decrease by 7.5 percent. Chinese Visitors make out 27.6 % of the Total. For tourism providers in Thailand and across Asia-Pacific, this is … The OR in Chon Buri rose to 79.4% which was at 77.6% in 2017. Thailand will travel travel bubble discussions with countries such as Vietnam, Singapore, Laos and Malaysia. In 2018 Thailand was the 9th most visited country in the world. Thai baht and exports. The amount includes 2.02 trillion Baht from international tourists, up 3%, and 1.16 trillion Baht from domestic tourists, an increase of 5%. March! Suspected insurgents Ku-afnan and Ku-amran Kupama, who are brothers, were arrested. Meanwhile, fixed investment dropped at the It’s expected that Thailand will log around 39.8 million tourists the time the clock ticks over into 2020, another record year for Thailand’s tourism growth. She told reporters that the Thai people and their hospitality were the reason for her return. 39,797,406 Tourist Arrivals to Thailand in 2019. Bangkok, Thailand- The Thai Ministry of Finance made some adjustments and predictions on Thursday based on the current financial situation of Thailand. Household spending growth moderated to 3.0% year-on-year in Q1 from 4.1% in Q4 2019, while government spending contracted 2.7% (Q4 2019: -0.9% yoy). Southeast and South Asia struggling with rapid Covid-19 spread, Thailand Consumer Confidence Index hits record low, Sunday Covid UPDATE: 17 more deaths, 2,101 covid infections, provincial totals, Chon Buri releases Covid timeline of recent market cluster, Tests confirm Sinovac, AstraZeneca effective at stimulating immune response, Like Songkran, Sri Lanka New Year’s brings Covid-19 wave, UPDATE: Chinese rocket debris plunges into Indian Ocean, Today’s Chinese rocket debris not expected to hit land. 2 other men were arrested after the clash with rangers in the Bacho district this morning. That means a 4.8 trillion baht loss of visitor spending in Thailand’s economy compared with our pre-pandemic outlook. The targets for 2020 are to boost total tourism revenues by 10% over the projection for this year. As more and more tourist-related businesses lay off Thais, domestic tourism in Thailand is likely to fall further. This page provides - Thailand Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news. The official site of Tourism Authority of Thailand. B angkok, 27 December, 2019 – The Tourism Authority of Thailand (TAT) is expecting 3.18 trillion Baht in overall tourism revenue for Thailand in 2020, or a 4% year-on-year increase. New destinations are forecast to open up in 2020 – Vladivostok, Irkutsk, Yekaterinburg, and Novosibirsk, as well as new European, African, Middle Eastern and South American cities. Tourism. This year’s 39 millionth visitor, Anna Pavlovskaya, was travelling to Thailand with her family for the third time. A slow recovery in the number of inbound tourists, amid a weakening global economy, will remain a key challenge in the next two to three years. It is likely that the country will be benefitted from Chinese arrivals, remaining a continuous driving force in … After seasonal adjustment, the economy increased by 6.5 percent from the second quarter (%QoQ sa). Meanwhile, private consumption expenditure and total investment are expected to contract by 0.9 percent and 3.2 percent, respectively. Thank you for your interest in our products. As more and more tourist-related businesses lay off Thais, domestic tourism in Thailand is likely to fall further. If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff. Two Waves of COVID-19 within Three Months to Derail Recovery of Thailand’s 2021 Inbound Tourism (Current Issue No.3210) The latest wave of the COVID-19 pandemic may take longer to ease as compared to the two previous waves because the number of daily cases is substantially higher and most people have been infected by the fast-spreading variant. Its export-led economy is feeling the pinch from the global economic slowdown, currency appreciation and trade squabbles between the world’s heavyweights. Looking into each province’s Covid-19 situation and the restrictions’ impact on the local economy, governors are told to find a good balance that works well for both the economy and public health. The number of foreign tourists in Thailand may plunge by almost two-thirds to 14 million this year, the lowest level in 14 years, as the coronavirus … Contributing to Thailand’s dire economic outlook for 2020-2021 even more, the Thai baht is also too strong. Despite this, and a global economic slowdown, Thai tourism surged ahead but with changes in the tourist mix, the decline of some traditional tourist favourites and the emergence of new locations. The Thai Economic Outlook for 2020 The Thai economy in 2020 is projected to decrease by 6.0 percent. Last year’s foreign arrivals were a record 39.8 million. Most visitors will continue to come from the Asia Pacific region (31.2 million in 2020), followed by European tourists (5.7 million in 2020). Thailand Mandatory Re-Entry Travel Insurance, Read more headlines, reports & breaking news in Thailand. Yuthasak hinted that foreign visitors will return to Thailand in October, as high season begins. The number of foreign tourists in Thailand may plunge by almost two-thirds to 14 million this year, the lowest level in 14 years. A suspect, identified as Sufian Yoso, managed to escape out the back of the home. That means a 4.8 trillion baht loss of visitor spending in Thailand’s economy compared with our pre-pandemic outlook. In 2021, the economy is anticipated a growth of 2.2% due to subdued export demand and slower-than-expected recovery of foreign tourism. Contributing to Thailand’s dire economic outlook for 2020-2021 even more, the Thai baht is also too strong. The men inside the home fired shots at rangers, shooting a 28 year old soldier in the wrist. The number of Download our app on Android or iOS for instant updates on your mobile Subscribe to our daily email newsletter Like/Follow us on Facebook Subscribe to or Join our YouTube channel for daily video updates, Your email address will not be published. Dramatic Drop in 2020 due to the Corona Virus (Covid-19) Pandemic. Covid-19 infections are still high, but PM Prayut Chan-o-cha says he wants restrictions to loosen up and businesses to reopen as soon as possible in provinces classified as “red” zones under tight control to combat Covid-19. Tourism generally accounts for 12% of gross domestic product (GDP) and foreign visitor numbers fell 83% to 6.7 million in 2020, when the economy likely contracted 6.5%, the ministry said. Bangkok, which is the travel and tourism hub of Thailand, recorded 81.2% OR which was 79.4% in 2017. TAT has also set clear directions to move the Thai tourism industry out of mass tourism and towards responsible tourism with an emphasis on revenue-generating quality tourists. The Tourism Authority of Thailand (TAT) has set a target of 3.18 trillion Baht in overall tourism revenue for 2020, a 4% year-on-year increase. Activity swung to contraction in the first quarter, with GDP decreasing 1.8% on an annual basis (Q4 2019: +1.5% year-on-year). According to the United Nations specialized agency, the crisis could lead to an annual decline of between 60% and 80% when compared with 2019 figures. In the first quarter of 2020, the tourism industry contributed around 12.91 percent to Thailand's GDP. For tourism providers in Thailand and across Asia-Pacific, this is … This would allow greater international tourism and exports for Thailand then. 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CTRL + SPACE for auto-complete. ... To make matters worse, the tourism sector in Thailand and Asia may be affected by a new strain of pneumonia if this becomes as severe as the SARS epidemic 17 years ago. “We are pushing in for domestic tourism to start in June or July, but that also depends on the outbreak situation and travel restrictions,” he added. However, the economic situation might not reach 1997 Asian financial crisis proportions. Global and Thai economic forecast for 2020 . Please fill out this information for us to send you a great deal. The amount includes 2.02 trillion Baht from international tourists, up 3%, and 1.16 trillion Baht from domestic tourists, an increase of 5%. An increase by 4.24 % over 2018. The Thai Economy in Q3/2020 The Thai Economy in the third quarter of 2020 declined by 6.4 percent, improving from a 12.1-percent contraction in the previous quarter. Exports in particular have gone […] In 2021, the economy is anticipated a growth of 2.2% due to subdued export demand and slower-than-expected recovery of foreign tourism. The storm caused a lot of cancellations and uncertainty in the southern part of Thailand. Domestic trips are expected to grow at a CAGR of 7.5% over the forecast period (2016-2020), supported by tourism authority's promotion. Although there was an improvement seen in the final quarter, Thailand’s GDP in 2020 registered a contraction of 6.1%, the worst since the 7.6% decline in the 1998 Asian Financial Crisis. Thailand Economic Outlook. Thailand welcomed the 39 millionth tourist on December 27, 2019. Tourist Arrivals in Thailand averaged 1504859.63 from 1997 until 2021, reaching an all time high of 3930800 in December of 2019 and a record low of 0 in April of 2020. Thailand has been witnessing an increasing number of foreign as well as domestic tourist arrivals due to its rich and diverse cultural heritage, abundant natural resources and biodiversity. BANGKOK, 27 November 2020: The Pacific Asia Travel Association (PATA) will organise its first-ever hybrid event, “Asia Pacific Tourism Recovery Trends & Outlook”, on Monday, 7 December at Sindhorn Kempinski Hotel Bangkok. November 17, 2020. The country’s tourism and hotels sector has been significantly impacted since the first reported case of Covid-19 in Thailand on January 13, 2020. The TAT now forecasts only 14 million to 16 million foreign visitors this year, a sharp drop from 33.8 million projected in March. The tourism sector will account for about 6% of gross domestic product in 2020, down from 18% last year, Phiphat said. Her first visit was to Koh Samui 21 years ago. He says he expects tourist arrivals to plunge by 50% in the first half of 2020 because of the coronavirus outbreak. Chinese Visitors make out 27.6 % of the Total. Or catch up on your Thailand news. Last 9 Months almost no Visitors. Tourist Arrivals in Thailand averaged 1499711.44 from 1997 until 2021, reaching an all time high of 3930800 in December of 2019 and a record low of 0 in April of 2020. Thailand has Asia’s gloomiest economic forecast as tourism and exports hit hard by coronavirus Gross domestic product is forecast to contract 8.1 … This includes 2.02 trillion Baht from international tourists (up 3%) and 1.16 trillion Baht from domestic tourists (up 5%). As tourism highly contributes to Thailand’s GDP (about 20%) and total current account receipts (more than 17% in 2019), the global tourism crisis triggered by the Covid-19 pandemic partly explains why Thailand’s economy was among the most affected in South-East Asia in 2020. An increase by 4.24 % over 2018. 2020 2021; GDP-7.7%: 4.5%: Exports-7.8%: 6.0%: Trade balance: $34.4b: $32.7b: Current account: $14.1b: $13.1b: Tourism arrivals: 6.7m: 8.0m: Tourism … The Thai economy will continue to grow slowly in 2020, albeit slightly faster than this year. **Data on 22 March 2020 excluded numbers of foreign tourist arrivals throughChiang Mai Airport and Hat Yai Thailand’s Tourism and Sports Minister Phiphat Ratchakitprakarn has painted a gloomy outlook for Thailand’s previously-robust tourism industry. Rangers say the men had a 11mm pistol and an AK102 rifle. In addition, Thailand has signed an advance agreement with a pharmaceutical firm to secure supp... Read more TAT Governor Yuthasak Supasorn said that tourism is crucial to Thailand. The Committee viewed that the Thai economy would markedly contract in 2020 as tourist figures and merchandise exports were severely affected by the COVID-19 outbreak, the slowdown of trading partner economies, and supply chain disruptions in many countries. Please fill out this information for us to send you a great deal. Thailand Tourism Reports: Our 2021 Thailand report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Tourism market. Bangkok, Thailand- The Thai Ministry of Finance made some adjustments and predictions on Thursday based on the current financial situation of Thailand. In our central scenario, we do not see tourism spending recovering to 2019 levels until 2024. Your email address will not be published. Tourist Arrivals in Thailand decreased to 5741 in February from 7694 in January of 2021. Global and Thai economic forecast for 2020 . (July 23, 2020). The number of domestic tourists will largely increase to no less than one-third of the population with cash flows throughout the country being forecast to amount up to … The prime minister says he has ordered governors of red zone provinces to look into easing disease control measures. Travel bubbles could start as soon as October, Police in Northern Thailand arrested 3 senior journalists who had fled Myanmar, Thai officials say expats living in Thailand will be included in the government’s mass Covid-19 vaccination plan, but exactly when that will be is still up in the air, research confirms that vaccination is the key to rebooting international travel and Malaysia has gone into full national lockdown. Headline He says he expects tourist arrivals to plunge by 50% in the first half of 2020 because of the coronavirus outbreak. Write CSS OR LESS and hit save. The industry forms around 9% of thailand’s GDP.The tourism authority of Thailand uses slogan “Amazing Thailand” to promote tourism in the region. Thailand’s Tourism and Sports Minister Phiphat Ratchakitprakarn has painted a gloomy outlook for Thailand’s previously-robust tourism industry. 22 Apr 2021. The 39 millionth tourist was from Russia. Thailand has reported 3,015 cases and 56 deaths since the outbreak began in the country in January. Ministry of Tourism and Sports (Thailand). Domestic trips are expected to grow at a CAGR of 7.5% over the forecast period (2016-2020), supported by tourism authority's promotion. The COVID-19 pandemic has caused a 22% fall in international tourist arrivals during the first quarter of 2020, the latest data from the World Tourism Organization (UNWTO) shows. BANGKOK (Xinhua) — The Tourism Authority of Thailand (TAT) on Monday released its latest forecast, indicating that the number of foreign tourists may plunge by almost two-thirds to 14 million this year, the lowest level in 14 years as COVID-19 pandemic hits global travel. It’s expected that Thailand will log around 39.8 million tourists the time the clock ticks over into 2020, another record year for Thailand’s tourism growth. Opinion: Why Jatuporn Reappearance May No Bode Well for Progressive Change? Bangkok, which is the travel and tourism hub of Thailand, recorded 81.2% OR which was 79.4% in 2017. The OR in Chon Buri rose to 79.4% which was at 77.6% in 2017. Thailand welcomed the 39 millionth tourist on December 27, 2019. Tourism industry in Thailand | 1 | The number of visitors in Thailand is expected to increase in the coming years to more than 40 million by 2020. Tourist Arrivals in Thailand averaged 1499711.44 from 1997 until 2021, reaching an all time high of 3930800 in December of 2019 and a record low of 0 in April of 2020. In our central scenario, we do not see tourism spending recovering to 2019 levels until 2024. Last week tourist arrivals in Thailand surpassed 38,260,000, the total 2018 arrival number. Thailand on Monday lowered its sights, revising its 2021 forecast down to 2.5% to 3.5% growth, versus a 3.5% to 4.5% projection in November. Now Thailand has broken through the 39 million international tourist barrier, just two days before the end of the year. According to the United Nations specialized agency, the crisis could lead to an annual decline of between 60% and 80% when compared with 2019 figures. This year’s 39 millionth visitor, Anna Pavlovskaya, was travelling to Thailand with her family for the third time. Thailand expects to rake in US$105 billion tourism revenue in 2020. 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