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Monday, April 29, 2024

Thailand tourism industry confidence dips

Thailand tourism’s pace of recovery is beginning to slow down, says the Tourism Council of Thailand.

The TCT released its Q2 report forecasting 29.4 million foreign visitors for the full year.

That is slightly down on the previous 30 million target.

The TCT president Chamnan Srisawat, announced that the quarterly confidences score was two points lower than the prior quarter at 72.

The findings came from a survey conducted from April 20 to May 30, comprising 740 operators.

This fell short of the identical period in 2019, which recorded 100, which points to weakened optimism.

The Tourism Confidence Index remains subdued, due to the low season and decreased earnings.

One major concern was the cost of electricity, yet only 14% of operators have decided to pass this on to guests.

In relation to revenue, 68% of companies are still earning less than in 2019, the Bangkok Post recently…

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