Thailand’s Restaurant Industry Hit Hard by Spending Slump

[Video News]

 

 

Thailand’s Restaurant Industry Hit Hard by Spending Slump

Thailand’s restaurant industry is in crisis, with consumer spending dropping over 40% in early 2025. Economic stagnation has led Thais to cut back on dining out, forcing many eateries to slash prices to survive. Local businesses are also under pressure from ultra-cheap, Chinese-run "zero-dollar" restaurants. The 700-billion-baht sector is seeing a wave of closures. Hopes rest on a sales boost during Songkran and a planned 10,000-baht digital currency scheme aimed at young people—but doubts remain, especially as many restaurants still rely on cash. The industry faces an uphill battle to recover.

 

[Elkski]

How do they track these food carts and stalls or even a small % of restaurants ?    I'm sure most thaid in all occupations don't report a majority of their income.