Malaysians top list of tourists visiting Thailand as Chinese miss target

By TIN Media | Tourism Malaysia Published 2 months ago on 6 December 2023
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Thailand's economy is expected to grow 2.8% to 3.3% next year. If the government's plan to give away 500 billion baht ($14.23 billion) to Thais via a digital wallet is successful, that would add 1.0% to 1.5% in GDP growth, the group said.
Thailand is expected to reach its goal of 28 million foreign tourist arrivals this year, aided by a surge in visitors from neighbouring Malaysia, countering a slow recovery in the Chinese market – the largest source of pre-Covid inbound travellers.

However, the Joint Standing Committee on Commerce, Industry, and Banking, including representatives from the relevant sectors, forecasts lower tourism revenue due to a revised estimate of 28 million arrivals, down from the initial 30 million. Although total arrivals have surpassed 25 million, with Malaysian travellers doubling to 4 million, Chinese arrivals are expected to fall short of the official target.

Thailand’s economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a leading joint business group said on Wednesday.



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