Thailand’s tourism confidence slides amidst global economy concerns

The second quarter of this year saw the Tourism Confidence Index remaining subdued, sliding from the previous quarter. The contributor to this drop was a blend of Thailand‘s low season and decreased earnings from tourism.

The president of the Tourism Council of Thailand (TCT), Chamnan Srisawat, announced that the second quarter’s score was two points lower than the prior quarter at 72. This noticeably fell short of the identical period in 2019, which recorded 100, inferring weakened optimism. The findings came from a survey conducted from April 20 to May 30, comprising 740 operators.

A pressing concern was the cost of electricity, scoring 3.94 out of 5, yet only a meagre 14% of surveyed participants decided to transfer this expense onto their patrons. The shortage of labour had a mild score of 3.11 as the employment rate climbed to 90% of the rate in 2019.

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