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Tuesday, November 30, 2021

According to the Kasikorn Research Center, Thailand’s reopening to foreign visitors will kick-start the Thai economy


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The country’s opening from Nov. 1 will give Thailand’s tourism industry a much-needed boost, and positive economic growth can be expected next year if the Covid-19 situation is properly managed, the Kasikorn Research Center reported on Saturday. Outside.

The bank’s research centre said the number of foreign arrivals should increase by 64 per cent, especially as the Nov. 1 opening falls during Thailand’s peak season.

The centre predicts that 2021 will welcome a total of 180,000 foreign tourists, 30,000 more than previously forecast, and a turnover of at least 13.5 billion baht.

The research centre also said the main factors attracting visitors to the country are counties with low infection rates, special tourist visas and sandbox arrangements. The Phuket Sandbox program launched in July has proved very popular among tourists from the US, UK, Germany and the Middle East.

Meanwhile, Google’s quoted travel data shows that more people are looking for hotel or accommodation deals in Thailand. Countries with the highest number of searches are Russia, the US, UK, Germany and India. The search for lodgings concentrated around Bangkok, Pattaya, Koh Samui in Surat Thani and the Karon and Patong areas in Phuket.

The research centre added that the most crucial factor to bring back Thailand’s tourism industry would be to properly manage the pandemic by fully vaccinating more than 70 per cent of the population.

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