Published on : Saturday, June 23, 2018
Investment in the hotel sector is also expected to continue in tourist destinations along with investment plan of Thai and international chains, and in regional centers which are developing or which are home to other tourism attractions.
The World Travel & Tourism Council data of 2017 indicates that tourism contributes around 10% of global GDP, and in the case of Thailand, this rises to over 17% of national GDP, generating THB 2.5 trn for the domestic economy.
It is estimated that in Thailand 4-5 million people depend on tourism for their livelihood.
In 2016, China was the most important visitor source country for Thailand, accounting for 26.9% of all overseas arrivals. Over the past decade, the number of Chinese tourists in Thailand has increased almost 10-fold to the current level of around 9 million arrivals in 2016.