News from Thailand – Tourists are coming back

Finally, some good news for the authorities in Thailand – the tourists are coming back in the most popular destinations in Thailand. If we take a closer look at the statistics about tourism in Thailand, we will notice that there is a jump of about 30% in February this year compared to February last year. This may not be a significant number for someone that doesn’t follow the changes in travel trends, but this is the biggest improvement since December 2012 before the political crisis in Thailand culminated. For those who don’t know, tourism is one of the most important economic sectors in Thailand and it usually participates with about 10% of Thailand’s Gross Domestic Product (GDP). There is no doubt that there is a reason for celebration in every sector because tourism affects all industries.

Of course, this doesn’t mean that the fragile economy of Thailand is now back on feet. For example, consumer prices are dropping for three months in a row and the consumer confidence index is even worse after the authorities announced that they will cut their projections for economic and financial growth. The situation is not different when it comes to exports too because the numbers are still dropping.

The good news is that manufacturing output has increased significantly in February, 2015 and this is the first rise since March, 2013. In addition, Prime Minister Mr. Prayuth Chan-Ocha has dismissed the martial law that was active for nine months. This measure has surely kept the tourists and foreign visitors in Thailand away because rarely anyone wants to visit a country where there is martial law imposed.

Another interesting trend is the increased number of Chinese tourists. However, some people are not very impressed with these tourists because they seem to spend low amount of money. These tourists cannot improve the economic climate in Thailand.

Finally, the measures that the Thai government has taken, clearly suggest that they want and encourage tourists to come to Thailand. They have lifted visas for some countries, they are promoting their country on many fairs and events and they also try to eliminate all the negative occurrences related to tourism in Thailand.


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