{"id":32139,"date":"2023-02-09T22:23:24","date_gmt":"2023-02-09T15:23:24","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=32139"},"modified":"2023-02-16T10:40:56","modified_gmt":"2023-02-16T03:40:56","slug":"tourism-boosts-thai-economy","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/","title":{"rendered":"Tourism boosts Thai economy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The kingdom\u2019s re-opening for tourism has a positive effect on the economy as a whole<\/span><\/p>\n<figure id=\"attachment_32190\" aria-describedby=\"caption-attachment-32190\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-32190 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027-400x267.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027-600x400.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-32190\" class=\"wp-caption-text\">The country has also been promoting domestic tourism. anek.soowannaphoom\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Thailand\u2019s economy continues to grow despite trade and export being slow. Since tourism is one of the main boosters of the Thai economy, it is also the key to its steady recovery, according to <\/span><a href=\"https:\/\/money.usnews.com\/investing\/news\/articles\/2023-01-31\/thai-economy-continued-to-recover-in-december-central-bank\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">U.S.News<\/span><\/a><span style=\"font-weight: 400;\">, citing data from the Bank of Thailand. The financial institution also acknowledged that the boost in tourism led to a 5.4 percent rise in Baht against the US dollar this year, making the local currency the best performing in Asia. This made Thailand the second largest economy to benefit from an improved tourism in Southeast Asia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tourism ministry data even revealed that the country received 428,000 more tourists in 2022 compared to 2021, bringing the total up to 11.15 million foreigners, reported <\/span><a href=\"https:\/\/www.bangkokpost.com\/business\/2490187\/thailand-beats-2022-tourism-target-with-11-15-million-foreign-arrivals\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bangkok Post<\/span><\/a><span style=\"font-weight: 400;\">. This further proved the recovery of the sector and drove the cabinet to allocate THB3.95 billion (USD117 million) for the development of domestic travel to attract foreign tourists.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/a-prelude-to-greatness-thailands-largest-integrated-district-rises\/\" target=\"_blank\" rel=\"noopener\">More: A prelude to greatness: Thailand\u2019s largest integrated district rises<\/a><\/p>\n<p><span style=\"font-weight: 400;\">The country has also been promoting domestic tourism so a further THB2 billion (USD59.63 million) in funds have been alloted for promotion, leaving the remaining finances for the publicity of secondary cities outside of Bangkok to international tourists.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With its tourism sector, <\/span><a href=\"https:\/\/www.nationthailand.com\/thailand\/economy\/40024484\"><span style=\"font-weight: 400;\">The Nation Thailand<\/span><\/a><span style=\"font-weight: 400;\"> quoted the Tourism Council of Thailand (TCT) on their\u00a0 2023 predictions, noting that despite the large revenue forecasts, the TCT President Chamnan Srisawat cautioned on the challenges that may come with the large volume of consumers. Tourism businesses experience labour shortages with the large influx of travellers, but the TCT is working with the Labour Ministry to remedy this.<\/span><\/p>\n<p><i>The Property Report editors wrote this article. For more information, email:\u00a0<a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The kingdom\u2019s re-opening or tourism has a positive effect on the economy as a whole<\/p>\n","protected":false},"author":12,"featured_media":32190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1080,464,133,322],"class_list":["post-32139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-economic-growth","tag-economy","tag-thailand","tag-tourism","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tourism boosts Thai economy | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism boosts Thai economy | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"The kingdom\u2019s re-opening or tourism has a positive effect on the economy as a whole\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T15:23:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-16T03:40:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Contributing Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributing Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/\"},\"author\":{\"name\":\"Contributing Writer\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/60e0732a149bc2fbe99629e45c8be3c2\"},\"headline\":\"Tourism boosts Thai economy\",\"datePublished\":\"2023-02-09T15:23:24+00:00\",\"dateModified\":\"2023-02-16T03:40:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/\"},\"wordCount\":311,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_1517075027.jpg\",\"keywords\":[\"economic growth\",\"economy\",\"thailand\",\"tourism\"],\"articleSection\":[\"News\",\"Property Report\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/\",\"name\":\"Tourism boosts Thai economy | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_1517075027.jpg\",\"datePublished\":\"2023-02-09T15:23:24+00:00\",\"dateModified\":\"2023-02-16T03:40:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_1517075027.jpg\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_1517075027.jpg\",\"width\":1000,\"height\":667},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/tourism-boosts-thai-economy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tourism boosts Thai economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/60e0732a149bc2fbe99629e45c8be3c2\",\"name\":\"Contributing Writer\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/intern\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tourism boosts Thai economy | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/","og_locale":"en_US","og_type":"article","og_title":"Tourism boosts Thai economy | Asia Property Awards","og_description":"The kingdom\u2019s re-opening or tourism has a positive effect on the economy as a whole","og_url":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2023-02-09T15:23:24+00:00","article_modified_time":"2023-02-16T03:40:56+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg","type":"image\/jpeg"}],"author":"Contributing Writer","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Contributing Writer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/"},"author":{"name":"Contributing Writer","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/60e0732a149bc2fbe99629e45c8be3c2"},"headline":"Tourism boosts Thai economy","datePublished":"2023-02-09T15:23:24+00:00","dateModified":"2023-02-16T03:40:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/"},"wordCount":311,"commentCount":0,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg","keywords":["economic growth","economy","thailand","tourism"],"articleSection":["News","Property Report"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/","url":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/","name":"Tourism boosts Thai economy | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg","datePublished":"2023-02-09T15:23:24+00:00","dateModified":"2023-02-16T03:40:56+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/02\/shutterstock_1517075027.jpg","width":1000,"height":667},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/tourism-boosts-thai-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"Tourism boosts Thai economy"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/60e0732a149bc2fbe99629e45c8be3c2","name":"Contributing Writer","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/intern\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/32139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=32139"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/32139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/32190"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=32139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=32139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=32139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}