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Monday, April 29, 2024

Thailand allocates 50 million baht for foreign tourist insurance

Photo courtesy of Bangkok Post

The Thai Tourism and Sports Ministry has allocated a budget of 50 million baht (US$1.38) for the fiscal year of 2024 to financially aid foreign tourists in the event of accidents or death. The ministry stated that this amount is likely to cover its expected influx of 35 million foreign visitors this year, in accordance with the average annual claims made over the past five years.

Tourism and Sports Minister Sudawan Wangsuphakijkosol emphasised the government’s regard for the tourism industry as a key source of revenue. The ministry aims to ensure the safety of foreign tourists. As of February 11, there have been 4.3 million foreign arrivals, putting the country on track to meet its target of 35 million by year-end, said Sudawan.

The allocated 50 million baht budget, received from a central fund, is earmarked to compensate foreign tourists for any…

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