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Tuesday, February 7, 2023

Holiday spending forecast at B21.3bn

The atmosphere at Yaowarat Road in Chinatown, Bangkok, as an influx of Asian visitors is expected for the Lunar New Year. Wichan Charoenkiatpakul

Tourism spending during the Lunar New Year is estimated to reach 21.3 billion baht, 48% of the total in 2019, mostly driven by foreign visitors, according to the Tourism Authority of Thailand (TAT).

The Lunar New Year holiday, which started this week in many countries, is forecast to tally 588,900 foreign arrivals, generating 16.7 billion baht in receipts between Jan 19-27, said TAT governor Yuthasak Supasorn.

Of the total, tourists from Northeast Asia and Southeast Asia are expected to dominate the market, totalling 332,500 arrivals generating 11 billion baht.

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