Foreign tourist arrivals hit a record 39.8 million last year after a rise of 7% to 38.2 million in 2018, but the 41 million target set by the TAT may be difficult to reach as mainland China tours are now prohibited from selling trips abroad.

If the virus outbreak persists for much longer, its impact on Thailand’s tourism industry could be substantial.

The Thai government is targeting 41.8 million tourists in 2020 with estimated revenue of Bt2.2 trillion, which would make Thailand one of the top six countries in terms of income from tourism. 

50 to 100 billion baht loss

But the coronavirus crisis is likely to cost Thailand at least 50 billion baht in lost tourism income associated with China’s blanket ban on tourists leaving its affected cities, according to the Tourism Council of Thailand.

The estimated losses are based on average spending of 50,000 baht per Chinese tourist visiting Thailand, council chairman Chairat Trairattancharatphon said, and a dip of 1 million Chinese visitors.

But other estimates of the impact on tourism and related businesses in Thailand and other Asian nations are around Bt80 billion to Bt100 billion, if the spread of the virus is contained by early March, Anusorn Tamajai, director of Economic and Business Research Centre at Rangsit University, said to The Nation

Tourist revenue had risen 3% to 1.93 trillion baht ($63.49 billion) in 2019, and Visitors from China are Thailand’s biggest source of tourists and receipts, increased by 4.4% to 10.99 million in 2019.

Tourist receipts account for about 12 percent of Southeast Asia’s second-largest economy, making it one of the most important drivers of growth estimated at 2,5% in 2019.

Chinese holidaymakers spent almost $18 billion in Thailand last year, more than a quarter of all foreign tourism receipts, government data show. The industry as a whole contributes 21% to gross domestic product, according to the World Travel & Tourism Council. according to the Bangkok Post.

About the author

Bangkok Correspondent at Siam News Network

Bangkok Correspondent for Siam News Network. Editor at Thailand Business News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thailand recorded 2.14 million foreign visitors in January

The results for January revealed a sharp increase in arrivals from 133,828 in January 2022, when Thailand still had strict COVID entry restrictions

Tourism Authority of Thailand (TAT) Expects 25 Million Visitors in 2023

The Tourism Authority of Thailand (TAT) expects at least 8 million foreign tourists to visit Thailand in the first four months of this year and is confident that the country will meet its target of welcoming 25 million visitors in 2023.

Chinese tour groups are heading to Thailand

High-ranking TAT executives, Chinese officials, and members of the Thai public and business sectors all attended a welcoming ceremony on February 6th.