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Sunday, May 5, 2024

Tourism confidence declines in Q2

The Tourism Confidence Index remained below the 2019 rate in the second quarter, slipping from the first quarter because of the low season and weaker tourism income.

Chamnan Srisawat, president of the Tourism Council of Thailand (TCT), said the index tally of 72 in the second quarter was two points lower than the previous quarter.

The reading lagged the 100 recorded for the same period in 2019, reflecting weak confidence, according to the survey of 740 operators between April 20 and May 30. The baseline is 100.

Mr Chamnan said high electricity costs was the most critical concern, with a score of 3.94 out of 5, but only 14% of respondents chose to push this cost onto customers.

The labour shortage had a lower score of 3.11 as the employment rate escalated to 90% of the 2019…

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