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Tourism revenue in 2023 expected to reach 80% of 2019

Nov 27. 2020
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The Tourism Authority of Thailand (TAT) expects revenue in 2023 to reach 80 per cent of what was achieved in 2019.

Revenue earned from the tourism sector will be Bt2.5 trillion in 2023, under the plan to revive the sector in 2022 and 2023.

TAT Governor Yuthasak Supasorn said the Bt2.5 trillion in 2023 would amount to 80 per cent of the Bt3 trillion Thailand earned from tourism in 2019.

In 2021, the TAT aimed to encourage people to travel. The governor explained that his organisation would encourage numerous companies to hold more travel seminars.

However, Yuthasak said that the sector's recovery next year would be slow. He said 2021 would be the year to increase confidence among entrepreneurs and tourists.

He predicted that the first foreign groups to return to Thailand in 2021 would be Europeans, in case a Covid-19 vaccine was confirmed as successful.

He added that China had not allowed its citizens to travel on group tours, until a vaccine is ready. “This is what Chinese representatives told the Minister of Tourism and Sports on Wednesday,” he said.

He added that the tourism sector would still be an important factor in driving Thailand’s economy. The proportion of earnings generated by the sector would be 20 per cent of the gross domestic product, like in the times before Covid-19, he said.

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