Thailand sees 5% tourism expenditure rise despite high living costs

Photo: Chanat Katanyu/Bangkok Post

The Tourism Authority of Thailand (TAT) predicts a 5% surge in tourism expenditure during this year’s Loy Krathong festival, amounting to a total of 6.1 billion baht. The anticipated increase comes despite the country’s locals exercising caution due to escalating living costs.

TAT forecasts that the festival will witness around 2.04 million domestic journeys, a 10% rise from the previous year, as locals opt to explore their locales. The uptick in trips surpasses the 5% growth in expenditure, a figure indicative of the Thai populace’s attempt to manage soaring living expenses, as noted by the TAT.

The northern region is projected to reap the maximum benefits in terms of domestic trips and revenue, with expected figures of 753,860 and 2.54 billion baht respectively. These numbers represent an 11% and 5% increase year-on-year, the highest…

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