Tuesday, March 5, 2024

Asia Pacific’s Tourism Industry to return to pre-pandemic level in 2025

Share

According to a recent report by the World Travel and Tourism Council (WTTC), the tourism industry in the Asia Pacific region is expected to recover from the impact of the COVID-19 pandemic and surpass its pre-pandemic levels by 2025. The report predicts that the region will experience a 6.4% annual growth in tourism GDP from 2021 to 2025, reaching $3.7 trillion by 2025, higher than the global average growth rate of 5.6%. In Thailand, tourism is also on the path to recovery, with the Bank of Thailand increasing its predictions for foreign visitor arrivals. The Tourism Authority of Thailand (TAT) expects to welcome 25 million foreign visitors in 2023, including 5 million Chinese tourists. This estimation is based on the upward trend of Chinese tourist arrivals, which is expected to reach 20,000 tourists per day in the second half of the year.

Source link : Asia Pacific’s Tourism Industry to return to pre-pandemic level in 2025 by Olivier Languepin

Thailand Business News
Thailand Business Newshttps://www.thailand-business-news.com/
Thailand News with a Business Perspective

Read more

Latest News