Thailand, a popular tropical destination, is anticipating a return to near pre-pandemic tourism levels by 2024. In 2019, the country welcomed nearly 40 million overseas visitors, contributing 12% to the nation’s GDP. However, the Fiscal Policy Office projects a recovery to approximately half that number this year, following the pandemic, and predicts a return to 90% of the 2019 levels in 2024.
Thailand’s diverse natural and cultural offerings, along with compelling shopping opportunities, draw tourists worldwide. Duty-free shops in the arrival and departure zones of Suvarnabhumi Airport serve these travellers. However, the Finance Ministry is proposing the cancellation of duty-free shops for arrivals, encouraging tourists and returning Thai citizens to spend within the country. The proposal is backed by King Power, the sole operator of…
