Thailand is expected to return to the pre-pandemic level of international arrivals of almost 40 million in five years, according to Finance Minister Arkhom Termpittayapaisith.
Speaking at a seminar held on Wednesday by the Securities and Exchange Commission (SEC), he said the tourism sector is expected to recover gradually, with a great number of foreign arrivals in 2023 once the country opens to more international tourists as the pandemic spread eases.
Foreign tourist arrivals reached 6.7 million last year, generating revenue of about 300 billion baht, a far cry from almost 40 million arrivals in 2019 generating revenue of almost 2 trillion baht.
Tourist receipts account for 12% of Thailand’s economy,…
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