Bank of Thailand (BoT) Expects 28 Million Tourists To Visit In 2023

(CTN News)  – 28 million visitors are expected this year, according to the Bank of Thailand (BoT). The governor of the BoT, Sethaput Suthiwartnarueput, stated that the BoT anticipates a 3.6% increase in the GDP for this year.

With exports set to decline 7.1% year over year, the BoT projects a 2.9% increase in GDP for the first half of this year compared to the same period last year.

Thailand Welcoming Many Tourists After COVID-19

In the second half of this year, the BoT predicts that the economy will grow by 4.3%, principally as a result of an increase in foreign arrivals and private consumption.

Furthermore, according to Pattaya Mail, the BoT anticipates a recovery of 42% in the second part of this year.
Thailand has been welcoming visitors from all over the world back since relaxing its Covid-19 rules.

DidaTravel, a tech-driven global travel agency, claims that Chinese tourists are keen to travel abroad and that bookings for international travel are quickly recovering.

It is anticipated that there will be a substantial increase in international travel over the forthcoming May Day vacation, which runs from April 29 until May 3. over this time, many individuals in China take five days off.

According to recent data, Chinese tourists have booked hotels abroad 30 times more frequently than they did before the 2019 flu outbreak.

TAT Expects To Welcome 6 Million Tourists From Europe This Year

The Tourism Authority of Thailand (TAT) is attempting to attract 150,000 visitors from Saudi Arabia this year.

The number of Saudi tourists travelling to the Land of Smiles has significantly increased over time. 2015 saw 25,153 Saudi visitors arrive in Thailand; in 2016 and 2017, those numbers rose to 33,038 and 42,610, respectively.

Additionally, TAT anticipates six million visitors from Europe this year, bringing in more than 420 billion baht in income. Approximately 80% of pre-pandemic levels are shown by the figure.

TAT projects that Thailand will earn 1.5 trillion baht from tourism in total by 2023.

Following a 60% recovery in flights for the current cool season, TAT’s Deputy Governor for Europe, Africa, the Middle East, and the Americas stated last month that long-haul flight applications for summer slots had risen to 70% of the 2019 level.