Thailand revises down tourism income target for 2017
The Tourism Authority of Thailand (TAT) has revised down its target for tourism related income next year, citing concerns about global, regional and national economic problems and the political situation.
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It expects 10.8 million Chinese tourists to visit the country next year, up 3.8 percent from this year, which should lead to a 574 billion baht (US$16.4 billion) income, up 9.1% from this year.
The agency will also focus more on the ASEAN market. It expects to welcome 9.3-10 million ASEAN tourists in 2017, generating some 292 billion baht (US$8.3 billion), a rise of 11.3%.
Australia will pose the greatest challenge for the TAT next year because the value of the Australian dollar has fallen by 30% and the number of low-cost flights between Australia and Indonesia’s Bali has surged.
The number of Australian visitors to Thailand is forecast to drop in the second half of this year.