THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET
THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


TAT cuts tourism revenue estimate

TAT cuts tourism revenue estimate

UDON THANI: The Tourism Authority of Thailand (TAT) has cut its estimate for tourism revenue growth this year from 10% to 9.5%, attributing the set back to the global slowdown, strong baht and rising fuel prices.

tourismeconomics
By Bangkok Post

Monday 1 July 2019, 05:20PM


The Tourism Authority of Thailand (TAT) has scaled back its tourism revenue growth estimate for this year, blaming it on the global economic slowdown, strong baht and rising  fuel prices. Photo: Bangkok Post / Pornprom Satrabhaya

The Tourism Authority of Thailand (TAT) has scaled back its tourism revenue growth estimate for this year, blaming it on the global economic slowdown, strong baht and rising fuel prices. Photo: Bangkok Post / Pornprom Satrabhaya

The number of international arrivals this year is now estimated at 40.2 million, far short of the 41.1 to 41.3 million visitors the authority confidently targeted early this year.

Tourism revenue receipts are expected to fall from the previously forecast B3.4 trillion to B3.38trn, breaking down into B2.21trn from international tourists and 1.17trn from domestic travellers, according to TAT Governor Yuthasak Supasorn.

Speaking at the TATAP 2020 (TAT Action Plan) forum in Udon Thani, Governor Yuthasak said some negative conditions surrounding Thai tourism were expected to ease next year, and TAT's marketing plans would help boost numbers to an expected B3.72trn in 2020, a 10% growth year-on-year.

Mr Yuthasak said the 10% growth target for next year was a considerable challenge, but said it was achievable. The TAT would place a higher focus on market segmentation and niche marketing, especially lifestyle and health-concerns tourists, he said.

QSI International School Phuket

Cooperation with overseas travel agencies would be strengthened further to broaden the market and facilitate foreign visitors making arrangements abroad, Mr Yuthasak added.

Gov Yuthasak believed about 42 million foreign visitors would arrive in Thailand next year, contributing about B2.43trn, or 65% of the total receipts, while domestic travel would make up the balance, at B1.28trn.

 

Read original story here.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

 

Have a news tip-off? Click here

 

Phuket community
Phuket water-supply pipeline from Phang Nga approved by Cabinet

The water supply pipe line to Phuket should already have been there. Now we start first a few years ...(Read More)


Phuket water-supply pipeline from Phang Nga approved by Cabinet

It would seem that creating new and enlarging existing reservoirs in Phuket would be much more effic...(Read More)


TripAdvisor blocks 1mn fake reviews

Comical. There's a pricey restaurant here in Kamala that was getting mixed reviews back in the ...(Read More)


Patong bar owner ‘Sia Auan’ gets life for double murder

Petty jealousy and 'little boys' with guns. Life is cheap here....(Read More)


Phuket water-supply pipeline from Phang Nga approved by Cabinet

Looking like more poor planning here...just robbing Peter to pay Paul, while doing little to address...(Read More)


NACC busts school kickbacks

About accused of criminal activities 'school directors/officials', what is happening next? C...(Read More)


Thai Navy seize IUU boat off Phuket

It is remarkable that always the highest thai generals/admirals/Colonels show up at press conference...(Read More)


Pa Khlok powerless as electricity poles collapse

When we witness how deep power poles are placed ( better say: 'shallow') no one wonders anym...(Read More)


Europe trade body wants end to TM30

In the name of National Security! National Security?? Only on Immigration working days from 08:30...(Read More)


Thai Navy seize IUU boat off Phuket

Have a look at OneOcean's 3rd World European Website. It is a Not For Profit Non-Government outf...(Read More)