Tourism revenue rises in first 5 months

[webfact]

Tourism revenue rises in first 5 months

 

 

BANGKOK, 26 June 2017 (NNT) - The Ministry of Tourism and Sports revealed that the tourism revenue during the first five months of this year increased by 6.1% compared to the same period last year. 

Tourism and Sports Minister Kobkarn Wattanavrangkul said the tourism industry raked in almost 382 million baht in revenue from January to May this year, with Bangkok contributing to the highest proportion at approximately 130 million baht, followed by the southern and northern regions at about 84 million and 52 million baht respectively. 

However, the northeastern region had the highest number of tourists at 15.6 million people, followed by Bangkok at 15 million, and the northern region at 12 million people. 

She also revealed that the East was the most improved region in terms of tourism revenue with a surge of 8.6% year on year. 

According to the minister, the revenue hike in the first 5 months resulted from year-round tourism campaigns and a better transportation system.

 

-- nnt 2017-06-26

[dexjnr555]

Good news, long may it help the Kingdom!

[HiSoLowSoNoSo]

"However, the northeastern region had the highest number of tourists at 15.6 million people"  Well at least she are calling them people not aliens.

 

Out of the 15.6 million tourists  in northeastern Thailand wonder how many are Lao nationals doing day border crossings and visa runners?

[Upnotover]

So 47 million people spent 382 million baht.  That's a whopping 8 baht each.  Yet another nonsense story.

[Dave67]

I used to live in Udon and use the border for visa run. 15.6 Million tourists in 5 months  or 3 million a month ? I think not

[mercman24]

another load of bull #####, never known Bangkok to be so quiet for years

[Thechook]

Tourism just never stops rising in Thailand.  Just continously going through the roof.  Quick we need more hotels.

[madmitch]

This news comes from the official Government mouthpiece. You would think they'd check the figures before allowing them to be released! Even more skewed than usual! 

[HiSoLowSoNoSo]

47 million tourists in the first 5 months, wow, maybe 100 million for the whole year than! Almost 3 times as many as last year!

[NanLaew]

12 minutes ago, HiSoLowSoNoSo said:

47 million tourists in the first 5 months, wow, maybe 100 million for the whole year than! Almost 3 times as many as last year!

At this rate of arithmetic, the whole of China will have visited by Songkran next year.

[Bastos60]

She is a joke.

 

That is purely calculating arrivals in any region. And the revenue generated is really LOW.
Those organized group tours from the Chinese really don't generate that much income for any Thai.

 

Wasn't it the PM himself that claimed the chinese spent more than 5000 Baht a day, the quality tourists they are.

 

That whole government is turning out to be bigger jokes the longer they remain in power.
 

[observer90210]

Good...if the cash flow is that good and the figures correct naturally, use that money to speed up immigration queues at Suvarna Airport

 

and if any cash is left, increase the salaries of the steet and trafic cops all around the country and mainly in tourist frequented towns....this could prevent the very, very very, very rare  controversial issues of "tea money pull overs",  aimed at farangs?

[Grubster]

6 hours ago, HiSoLowSoNoSo said:

"However, the northeastern region had the highest number of tourists at 15.6 million people"  Well at least she are calling them people not aliens.

 

Out of the 15.6 million tourists  in northeastern Thailand wonder how many are Lao nationals doing day border crossings and visa runners?

90% at least.

[Srikcir]

18 hours ago, webfact said:

The Ministry of Tourism and Sports revealed that the tourism revenue during the first five months of this year increased by 6.1% compared to the same period last year. 

The article does not specify revenues and growth for foreign tourists. It seems to address tourism overall that would include revenues from both foreign and domestic tourism.

 

Looking at KRC's report of domestic tourism for 2016 and 2017 projections for foreign tourism, revenues from domestic tourism compared to foreign tourism is about 60:40 respectfully. Growth in domestic tourism since the coup has been largely due to government tourism subsidies (ie., tax benefits). https://www.kasikornresearch.com/en/k-econanalysis/pages/search.aspx?cid=10

The result is that continued growth for domestic tourism is very vulnerable to reversal in government policies and the domestic economy. If household debt continues to rise, tax benefits may not encourage more domestic tourism. To maintain overall tourism revenue growth for 2017 the government must pursue even greater growth in foreign tourism vis a vis more funding. But if the government expects to maintain (and likely greater) strict authoritarian rule, growth in foreign tourism from more wealthy democratic countries also becomes vulnerable.

[chickenrunCM]

I have been in Samui, Koh Pagnan and I live in CM the average drop in 2017 is about 20 to 30%, as we are in this field of business 

ans we are surrounded by tens of guesthouses, a rise in tourism is a great joke, 2017/8 will be the years many of the busnisses will crash, especially on the islands with their crazy renal prices and key money

[Godang]

20 hours ago, Grubster said:

90% at least.

I have used Nong Khai once and Sadao 3 times plus entry at Bangkok Airport 

[Bastos60]

9 hours ago, Srikcir said:

The article does not specify revenues and growth for foreign tourists. It seems to address tourism overall that would include revenues from both foreign and domestic tourism.

 

Looking at KRC's report of domestic tourism for 2016 and 2017 projections for foreign tourism, revenues from domestic tourism compared to foreign tourism is about 60:40 respectfully. Growth in domestic tourism since the coup has been largely due to government tourism subsidies (ie., tax benefits). https://www.kasikornresearch.com/en/k-econanalysis/pages/search.aspx?cid=10

The result is that continued growth for domestic tourism is very vulnerable to reversal in government policies and the domestic economy. If household debt continues to rise, tax benefits may not encourage more domestic tourism. To maintain overall tourism revenue growth for 2017 the government must pursue even greater growth in foreign tourism vis a vis more funding. But if the government expects to maintain (and likely greater) strict authoritarian rule, growth in foreign tourism from more wealthy democratic countries also becomes vulnerable.

If you really paid any attention to the figures in those reports and the figures quoted from the minister, you would see she is off by +27 billion baht in overall tourism revenue.