Spending during the Chinese New Year festival, which starts on Friday, is expected to be the most active in three years, helped by the country’s economic recovery and a revival in tourist arrivals.
In its annual survey of consumer spending during Chinese New Year, the University of the Thai Chamber of Commerce (UTCC) estimated outlays for the festive season to tally 45 billion baht, a rise of 13.6% from the previous year.
“People’s spending aligns with Thailand’s uneven economic recovery that is K-shaped, driven largely by middle-income earners who are…
