# Thailand to welcome 36 million foreign tourists in 2024

- Link: https://www.thailand-business-news.com/tourism/130922-thailand-to-welcome-36-million-foreign-tourists-in-2024
- Published: 2024-03-14T01:23:00+07:00
- Author: Aishwarya Gupta

The Center for Research Kasikorn (KResearch) forecasts that Thailand will welcome
36 million foreign tourists in 2024, attributing the projected increase to the country’s
improving economy and government tourism support policies.

 * Thailand is expected to welcome 36 million foreign tourists in 2024, thanks to
   economic improvement and government tourism support policies.
 * The increase in foreign arrivals is attributed to visa exemption policies, new
   flight routes, and higher flight frequencies.
 * While Kasikorn Research predicts 36 million foreign arrivals, the Ministry of
   Tourism and Sports expects around 40 million arrivals by 2024, generating significant
   tourism revenue.

Thailand’s tourism industry is set to soar with the welcoming of 36 million foreign
tourists in 2024, showcasing the country’s popularity as a top travel destination.
This remarkable growth can be attributed to the introduction of new airline routes
and increased flight frequency, making it easier for travelers to visit the Land
of Smiles. The Ministry of Tourism and Sports has even more ambitious projections,
forecasting 40 million foreign arrivals and a substantial 2.3 trillion THB in tourism
revenue.

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The Center’s estimates are based on the 6.4 million foreign arrivals recorded in
the first two months of this year, a 50% increase from the previous year. It is 
projected that foreign arrivals by the end of the first quarter could reach 9.32
million, showing a positive sign for the rest of the year. Factors contributing 
to the increase include the improvement of the Thai economy, government tourism 
promotion policies, and visa exemption policies

 Additionally, new airline routes and increased flight frequency to Thailand have
also contributed to the rise in foreign arrivals. The estimates from KResearch are
lower than those of the Ministry of Tourism and Sports, which forecasts around 40
million foreign arrivals in 2024, generating approximately 2.3 trillion THB (65 
billion USD) in tourism revenue.