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Sunday, May 5, 2024

Buoyant Songkran with $3.5B Record spending expected this year

According to the Centre for Economic and Business Forecasting (CEBF) of the Thai Chamber of Commerce University, this year’s Songkran is expected to be the liveliest since Thailand started dealing with the COVID-19 pandemic three years ago.

An average of 7,091 baht is expected to be spent on tourism by each Songkran festival-goer, demonstrating a resurgence in the economy supported by higher tourist numbers and tourism growth.

125 billion baht total spending anticipated

Total spending by local and foreign revelers is anticipated to be around 125 billion baht (TCCU).

The majority of respondents stated that they intend to travel to coastal provinces, with Chon Buri, Prachuap Khiri Khan, Phetchaburi, and Rayong being the most sought-after locations.

After a three-year hiatus, Songkran celebrations will take place in Bangkok at a number of locations, including Khao Sarn Road, Huai Khwang…

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