In the wake of an unpredictable global economy, travellers are becoming increasingly cost-conscious. A recent survey by online travel agency Booking.com revealed that the majority of Thai citizens are apprehensive about the escalating cost of living and are thus curtailing their expenditure on travel, opting for budget travel instead.
Michelle Gao, the regional manager for the Mekong region at Booking.com, suggested that this trend of thrifty travel expenditure is likely to persist due to the ongoing influence of economic instability, inflation, and global conflicts on consumer confidence.
Booking.com undertook a travel prediction survey for next year in July, gathering the future 12 to 24-month travel plans of 27,730 respondents across 33 countries, 1,033 of whom were Thai. The survey unveiled that 65% of Thai respondents were anxious about the surge in living…
