Q1 tourist arrivals jump 15.5%, more growth seen in Q2
published : 25 Apr 2016 at 18:09
International tourist arrivals rose 15.45% to more than 9 million in the first three months of 2016, and the second quarter looks even better.
The industry accounts for 10% of economic output and has been one of the few bright spots for Southeast Asia's second-largest economy, which has struggled to regain traction since the coup in May 2014.
In the January-March period, the number of visitors was 9.03 million, generating revenue of 455 billion baht, or up 18% from a year earlier, Sugree Sithivanich, TAT's deputy governor for marketing communications, told reporters.
Some 7.87 million foreign tourists are expected in the April-June quarter and will generate revenue of about 375 billion baht, he said.
The government has forecast a record 32 million arrivals this year, up 7.1% from last year's 29.88 million.
The economy grew 2.8% in 2015, up from 0.8% in 2014, but its recovery remains patchy. This year, the central bank predicts growth of 3.1%.