Thailand Business News

Thailand has seen a significant rise in Chinese tourists, with one million visiting in the first four and a half months of 2023. This is a positive sign for Thailand’s tourism sector, which suffered greatly due to the COVID-19 pandemic. In 2019, Thailand welcomed 11 million Chinese tourists, accounting for 28% of all foreign arrivals. However, in 2022, only 274,000 Chinese tourists were able to visit due to travel restrictions and quarantine measures. The government spokesperson predicts that the number of Chinese visitors will reach five million by the end of the year, injecting 446 billion baht ($13.18 billion) into the economy and creating jobs for locals. Thailand’s GDP grew by 4.2% in Q1 2023, thanks to the recovery of tourism and domestic demand.

Source link : Thailand has welcomed one million Chinese tourists since January by Zhang Fang

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