TOURISM & AVIATION
In light of the continued slow growth in GDP, tourism is only sector that can contribute to economic expansion next year, despite concerns over political instability, said the Tourism Council of Thailand.
President Piyaman Tejapaibul is optimistic the country's tourism industry will remain healthy next year, even though rising political tensions may led to the dissolution of parliament in the near term.
Speaking at a seminar on 2014 economic outlook held by Thammasat University's Faculty of Economics yesterday, Ms Piyaman predicted that the number of international tourists would reach a record 28 million, 8% growth year-on-year, generating 2.02 trillion baht in revenue or 12% of Thailand's GDP.
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