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Finance minister sees foreign visitors at 40m again in 2024

A Thai tourist poses for a photo at Wat Pho on June 24, 2020. Finance Minister Arkhom Termpittayapaisit expects foreign visitors will return to normal by 2024. (Photo by Arnun Chonmahatrakool)

Thailand’s tourism-dependent economy should receive 8 million foreign visitors next year and see a recovery to a pre-coronavirus pandemic level of 40 million visitors by 2024, Finance Minister Arkhom Termpittayapaisit said on Wednesday.

Southeast Asia’s second-largest economy contracted 6.4% in the third quarter from a year earlier after slumping 12.1% in the prior quarter, with tourism taking a hit.

The economy is expected to take two years to recover but the tourist sector should take until 2024, Mr Arkhom told a business seminar.

“If global travel gets better than expected after there is a vaccine, our tourism…

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