Kasikorn Research Centre predicts 1 trillion baht in tourism revenue in 2013.

Tourism revenue predicted at B1 trillion

Published: 30 Jan 2013 at 17.23
Online news: Tourism

Kasikorn Research Centre forecast on Wednesday that around 24.5 million tourists will visit Thailand in 2013, bringing in 1.06 trillion baht of revenue.

The number of tourist arrivals to the kingdom and tourism earnings was expected to increase from last year by 10% and 14% respectively. Visitors from China, Japan, South Korea, India and Russia are expected to be the main contributors.

Tourism would prosper in 2013 because the world economy had recently become more stable. However, the 300 baht daily minimum wage would create a problem since tourist businesses employ a lot of staff, the Kasikorn research team said.

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ricoaj22
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Discussion 11 : 31 Jan 2013 at 20.5411
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D5 that's pretty unenlightened. There ARE many decent thai people in the tourist industry just like there are unfortunately those not so honest and decent. Most tourists i've spoke to have commented about how friendly and helpful hotel staff, guides and other personnel have been
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bkkdave
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Discussion 10 : 31 Jan 2013 at 08.1710
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They'll need even more Korean and Chinese tourists, who spend half their day in coaches and spending zero as it's all pre-paid back in their home country.
And the spending power of Europeans and Americans falls daily as the baht spirals stronger each day.
Wait till the Russian bubble bursts.
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Silkpit
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Discussion 9 : 31 Jan 2013 at 00.039
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If such money figures materialize, how much will be spent on education and training of the tourism related workforce, which is in dire need of qualified personnel and slipping further down to below average services provisioned to tourists.
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brilliant
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Discussion 8 : 30 Jan 2013 at 21.418
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Each tourist will be given a kilo of rice on departure as a memento of their visit to Thailand.
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patchar
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Discussion 7 : 30 Jan 2013 at 20.197
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Those figures are just numbers yet, it's still to be seen. don't be so complacent on those forecast by (un)realiable group of people. With all the negative news about how Thailand treat their foreign tourist - the unabated death of foreigners, framed-up crimes against foreigners, bribes by cops, corruptions and unstable political situation will make this forecast impossible. Adding the fact that, almost all ASEAN nations are also making efforts to attract foreigners to visit their country. Thailand has nothing new to offer,the place is saturated compared to other asean nations who are just starting to make way as tourist destination...
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boons
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Discussion 6 : 30 Jan 2013 at 20.066
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The total spend-per-day of tourists from Vietnam and China does not come close to those from Europe. In order to maintain the net value of tourism to the economy, Thailand must increase the numbers of individual tourists, as those tourists each spend fewer baht.

The end result of this will be increased crowding, and lower-cost hotels and destinations.

As crowding increases, it always (invariably) drives out the higher end tourists.

This is known as the 'death spiral' for tourist destinations, as lower-end tourists drive out higher-end tourists and quality falls and crime rises. The trend is already underway on Thailands beaches.
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drsmith
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Discussion 5 : 30 Jan 2013 at 19.505
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With so much income coming into Thailand, why do Thai's treat foreign tourist so poorly? Need to change the Thai attitude from scamming for money to one of respect and appreciation.
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upena
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Discussion 4 : 30 Jan 2013 at 19.174
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How does anyone, Kasikorn, the Tourism Authority of Thailand, or the Ministry of Tourism and Sports know how much tourists in Thailand spend. Simple, they don't.
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CMfarang
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Discussion 3 : 30 Jan 2013 at 19.043
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Don't look at the rice.
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yik
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Discussion 2 : 30 Jan 2013 at 19.002
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I do understand, that said 'experts' had a good look EU and US economies recently. Right? Whether 'visitors' from China, Japan, South Korea, India and Russia will be filling the gap remains to be seen.
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Kasikorn Research Centre predicts 1 trillion baht in tourism revenue in 2013. | Bangkok Post: business

Tourism revenue predicted at B1 trillion

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