Thai tourism rebound evident with surge in new business registrations

[webfact]

 

by Alex Morgan

 

Thailand’s tourism sector has witnessed a strong rebound, as evidenced by the significant surge in new registrations for tourism-related businesses during the initial four months of this year.

 

The Ministry of Commerce revealed yesterday that the number of new tourism-related business registrations had doubled year-on-year, reaching 2,579 in the first four months, with a total registered capital increase of 135% to 6.66 billion baht.

 

The primary businesses in this sector include foreign currency exchange, travel agencies, tour guides, restaurants and food enterprises, and hotels, resorts, and serviced apartments.

Commerce Minister Jurin Laksana-wisit attributed this growth to the country’s economic recovery and the positive outlook for its tourism industry, which has been reinforced by increased consumer and business confidence indices.

 

In the first four months, there were 32,223 new business registrations in total, marking a 16.2% increase and having a registered capital of 360 billion baht – a gain of 46.8%.

 

The Business Development Department forecasts that new business registrations will be between 42,000 to 45,000 in the first half of 2023, with the entire year’s tally predicted to be 75,000 to 78,000.

 

Full story: https://thethaiger.com/hot-news/tourism/tourism-sector-recovery-evident-in-increased-new-business-registrations

 

-- © Copyright Thaiger 2023-05-13

 

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[hotchilli]

2 hours ago, webfact said:

The Ministry of Commerce revealed yesterday that the number of new tourism-related business registrations had doubled year-on-year, reaching 2,579 in the first four months, with a total registered capital increase of 135% to 6.66 billion baht.

And how many will fold before the year ends?

[RichardColeman]

What gets me on stories like this, is that all governments of the world keep saying they are creating jobs - rather than stating the flaming obvious that they are just the same jobs coming back after covid lockdowns

[StayinThailand2much]

So, if 10 new bakery shops opened in Thailand, the news would be: "Thais eat more bread"?

 

New businesses open all the time, and a good number may very well fail... What was there first, hungry tourists sleeping on the beach, or new hotels and restaurants waiting for guests?

Edited May 13, 2023 by StayinThailand2much

[BangkokReady]

9 hours ago, webfact said:

Is this actually real, or is it photoshopped?  If it's real, I can't imagine why anyone goes on these things, unless they didn't realise how busy it was.

[BangkokReady]

10 minutes ago, StayinThailand2much said:

So, if 10 new bakery shops opened in Thailand, the news would be: "Thais eat more bread"?

It would probably be "Thais Rolling In Dough As Ten New Bakery Shops Open!".

Edited May 13, 2023 by BangkokReady

[StayinThailand2much]

6 minutes ago, BangkokReady said:

Is this actually real, or is it photoshopped?  If it's real, I can't imagine why anyone goes on these things, unless they didn't realise how busy it was.

Or it's real, but from 2019...