Three of Thailand’s business, banking and capital market gurus are optimistic about the country’s improved economic performance this year, with a tourism boom, increased foreign investment and exports, which will drive the growth rate to 3.8%.

 

Sanan Angubolkul, chairman of the Thai Chamber of Commerce, told a seminar on Wednesday that he expects as many as 30 million foreign tourists to visit Thailand this year, compared to 11.8 million last year which, he said, will boost the service sector and increase employment, as he urged the government to step up promotional campaigns to attract more Chinese arrivals.

 

He said that the Thai private sector has been cooperating with the government to attract more Chinese investment, but he urged the government to provide incentives and reduce red tape, to facilitate doing business in Thailand for foreign investors, Chinese included.

 

Full Story: https://www.thaipbsworld.com/thai-economic-gurus-predict-more-growth-exports-and-tourism-this-year/

 

-- © Copyright Thai PBS 2023-02-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

30 million, wow, and Prayut says 200 million.  Economic growth based upon tourism GDP. Who would have thought that tourism makes up such a big part of the GDP...

TAT and their usual BS..... the "gurus" are contradicting tourism operators worries

 

“Softening of demand after April” – Phuket hoteliers worry about bookings

Edited February 16, 20233 yr by Mavideol

The traditional broadsheet term to describe a czar is now guru. 

How quaint. 

Whatever they are smoking: I’ll have it too!

7 hours ago, ThailandRyan said:

30 million, wow, and Prayut says 200 million.  Economic growth based upon tourism GDP. Who would have thought that tourism makes up such a big part of the GDP...

Like I said in a previous post, Thailand heavily depends on tourism for any potential growth to their GDP. we were told by the Thai authorities that tourisms make up roughly 20% of the total GDP. it seems much more than that with all these articles appearing lately. 

7 hours ago, Mavideol said:

TAT and their usual BS..... the "gurus" are contradicting tourism operators worries

 

“Softening of demand after April” – Phuket hoteliers worry about bookings

exactly. High Season will end soon, and we will know the true indicator of the economic outlook for 2023. 

14 hours ago, snoop1130 said:

Three of Thailand’s business, banking and capital market gurus are optimistic about the country’s improved economic performance this year, with a tourism boom, increased foreign investment and exports, which will drive the growth rate to 3.8%.

Three guru's to predict an increase this year... Wow what vision.