People celebrating the Songkran holiday are expected to spend around 31.5 billion baht on festivities and travel, up 10.5% from last year, Kasikorn Research Centre said on Wednesday.
The research centre said this projection was based on a recent survey in the Bangkok area on planned spending during the Thai New Year celebration. It did not say how many people were interviewed.
Of the total planned spending, about 25.5 billion baht would be spent domestically, mostly on parties, making merit and other activities, according to the centre.
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