Thai officials announced today (January 17) that they are forecasting a further 6 percent rise to the number of tourists vacationing here in Thailand throughout 2018, after the number of tourists that came to Thailand throughout 2017 hit 35 million.
Fears that the strength of the Thai baht might dissuade holidaymakers from venturing to Thailand seem to be unfounded as more tourists that ever are forecast for 2018.
International tourist arrivals in 2017 increased by an impressive 8.8 percent on the year previous seeing an impressive 35.38 million tourists arrive in the kingdom, that number is roughly equivalent to half of the whole population of Thailand according to government tourism and sports official Pongpanu Svetarundra.
A large contributing factor to the rise in arrivals was a boost of 12 percent in the number of Chinese tourists.
Revenue generated from tourism has also increased by almost 12 percent as well raising over 1.8 trillion baht ($56 billion) for the Thai economy.
Pongpanu said more high-end tourists are now spending more money on average whilst here in the kingdom.
It is predicted that throughout 2018 there will be 37.55 million tourists vacationing here in Thailand who will generate somewhere in the region of 2.1 trillion baht for the Thai economy.
Due to the booming Thai economy shares in Hotels, airports, banks and a variety of other Thai businesses are also increasing in value.
Central Plaza Hotel PCl’s shares have risen by over 40 percent since the start of 2017 and a predicted rise of 7-8 percent is forecast for the coming year.
Shares in the AOT (Airports of Thailand) also rose by 78 percent since the start of 2017 now meaning that the countries market capitalisation has surpassed 1 trillion baht ($32 billion).
With neither the Thai economy or number of tourism arrivals showing no sign of slowing down perhaps now is the time to start investing in Thai businesses.
Souce : Thai Visa
Content : LovePattayaThailand