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Monday, April 29, 2024

FTI foresees local and global recovery

Chinese tourists have started returning under the special tourist visa policy. The FTI expects tourism and services will recover between the third and fourth quarters in 2021. (Photo: Varuth Hirunyatheb)

The Federation of Thai Industries (FTI) believes Thai tourism may recover as soon as the third quarter next year as a result of the improving global economy, driven by the development of Covid-19 vaccines.

FTI chairman Supant Mongkolsuthree said on Wednesday the economy will benefit from the global economic recovery, with Thailand’s tourism industry expected to rebound as it depends greatly on foreign visitors.

“Once vaccines are used to prevent the pandemic, this will help drive the domestic economy and Thailand will see foreign visitors in huge numbers next year,” he said.

Many pharmaceutical…

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