Ex-TAT chief says tourism alone can no longer carry Thailand's economy
· 50-word read
In 50 words
Former TAT Governor Yuthasak Supasorn has warned that tourism alone can no longer sustain Thailand's economy, citing falling arrivals, household debt and regional competition. Thailand recorded 23.94 million foreign arrivals from January 1 to October 10, down 4.04% year on year, according to the Ministry of Tourism and Sports.
Why it matters
Arrivals are still falling, with Kasikorn Research Center forecasting 31.36 million international visitors this year, down 4.9%. Smaller hotels are also under pressure as Thai travellers choose shorter, cheaper trips.
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Sources
- ThaigerView original →
