This surge in small operators indicates an economic recovery and revival of Thailand’s tourism industry, helped by supportive legislation for small enterprises.
Over the past three years, Thailand, like the rest of the world, grappled with the fallout of the Covid-19 pandemic, especially in the tourism sector. However, by 2023, the situation gradually improved with businesses adapting to the “new normal”.
According to the Commerce Ministry’s Department of Business Development, there has been a notable recovery in the hospitality industry with a surge in new registrations from January to July this year.
This period saw the establishment of 546 new corporate entities, marking a 51% increase compared to the same period last year.
Tosapol Tangsubutr, director-general of the Department of Business Development, said Thailand currently has 12,826 registered hotels, representing…
