Analysts downgrade forecasts for 2024 arrivals

November 29, 2023

PUBLISHED : 29 Nov 2023 at 05:09

Tourists from China gesture upon being greeted by officials as they arrive at Suvarnabhumi airport following a visa-free campaign initiated in September. (Photo: Wichan Charoenkiatpakul)

The Tourism Authority of Thailand’s (TAT) target of 8.2 million Chinese arrivals in 2024 is “quite challenging”, say analysts, as they cut their forecasts for total foreign arrivals next year amid a weak global economy.

Kasem Prunratanamala, head of research at CGS-CIMB Securities…