News Forum - Thailand could generate up to US$65 billion in tourism revenue next year, says TAT

[Thaiger]

Yesterday, the Tourism Authority of Thailand said the country’s tourism industry could generate up to US$65 billion, or 2.38 trillion baht, next year. The revenue could equate to around 80% of pre-pandemic tourism revenue, said Governor of the TAT Yuthasak Supasorn. Comparatively, the TAT expects Thailand to actualise 1.5 trillion baht in tourism revenue this year. Yuthasak expects Thailand to generate between US$47 billion and US$65 billion in 2023… “For 2023, TAT expects Thailand to generate a total tourism revenue of 1.73 trillion Baht with 970 billion Baht from the international market and 760 billion Baht from the domestic market […]

The story Thailand could generate up to US$65 billion in tourism revenue next year, says TAT as seen on Thaiger News.

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[kalyan]

Are you sure US$ 65 billion ! Tourism in 1 year !

[Train]

Don't understand why Newspapers have write the same BS day by day. Nobody need this. 

[DesperateOldHand]

A bit dreamy. 

[Fanta]

The TAT should sell crypto because they can sure spin a story. 

[Janneman]

Torism could even generate 130 billion US$. Or more!. But then, it could also be less of course. Who knows? 

The only thing I know is that TAT has proven themselves to be wrong each and every time they predict something.

[HiuMak]

17 hours ago, DesperateOldHand said:

A bit dreamy. 

There is hope if they dream

[longwood50]

On 7/19/2022 at 10:59 AM, Thaiger said:

Yesterday, the Tourism Authority of Thailand said the country’s tourism industry could generate up to US$65 billion, or 2.38 trillion baht, next year.

This reminds me of Harry Truman when the president said he wanted to meet a "one handed" economist because whenever he asked them for their opinion they would give one and then couch the answer by saying " on the other hand" giving them an out in case the forecast didn't turn out. 

One other was an economist who was being lauded for accurately predicting several economic benchmarks during a particular year.  When asked how he could be correct so often he replied,  I make many forecasts so eventually some of them turn out to be correct. 

[palooka]

Think it time TAT and the Govt stopped dreaming and started to face reality, the country has gone to s..t.

They relied too much on tourism ( + Pnut and co incompetence and  lies ) and their statistical models of tourism being only 20% of GDP is now coming back to bite their collective rears.

Reality of tourism is more in the 50% + region if you add in the black economy areas of bars, bar girls and massage parlours, plus the envelopes these places paid to officialdom and tea money for the imposter police .

Farlungs have a win if the baht crashes but everyone (even farlungs) lose long term to inflation. 

Pnut and co know the reality and they will not go quietly, a s..t show is coming to hide their failures.

[Rob2010]

TAT are clearly growing their own weed. Rock on..

[Marc26]

1 hour ago, palooka said:

Think it time TAT and the Govt stopped dreaming and started to face reality, the country has gone to s..t.

They relied too much on tourism ( + Pnut and co incompetence and  lies ) and their statistical models of tourism being only 20% of GDP is now coming back to bite their collective rears.

Reality of tourism is more in the 50% + region if you add in the black economy areas of bars, bar girls and massage parlours, plus the envelopes these places paid to officialdom and tea money for the imposter police .

Farlungs have a win if the baht crashes but everyone (even farlungs) lose long term to inflation. 

Pnut and co know the reality and they will not go quietly, a s..t show is coming to hide their failures.

your 50% figure is absurd.............just another farang thinking we are way more important to Thailand than we are

[Janneman]

6 hours ago, Marc26 said:

your 50% figure is absurd.............just another farang thinking we are way more important to Thailand than we are

Economy is a funny thing. I go to a restaurant and eat chicken. I pay 500 baht. The owner of the restaurant bought the chicken on the market. And of course the market vendor bought it from a farmer. Who bought food for it. Also, the owner of the restaurant paid his staff. And perhaps his rent. The staff of the restaurant paid for fuel for their motorbike to get to work. And on it goes. All from my 500 baht.

A bit exagerated perhaps. But if you have (used to have) 20 million tourists you get the idea. Every baht every tourist spends will be spent up to 5 times in rhe entire economy. Missing those 20 million tourists takes a very big chunk out of the economy. Which will never come back, not even if those 20 million tourists come back. The money not spent the last 2 years is lost forever 

[palooka]

3 hours ago, Janneman said:

 But if you have (used to have) 20 million tourists you get the idea. 

 

At 64+ million the amount of support infrastructure is huge.

Thailand Tourism Statistics - Historical Data

 

Year	Spending ($)	% of Exports
2020	15,360,000,000.00	5.94
2019	64,371,000,000.00	19.88
2018	61,383,000,000.00	18.68
2017	57,057,000,000.00	18.73