Thailand: No intends to return tourism to pre-COVID situation levels

  1. Thailand decided to not return tourism to what is was prior to COVID-19|
  2. 20% Thailand GDP is from Tourism|
  3. Thailand is seeking investors outside the Tourism market|

Thailand’s authorities stated they did not plan to return tourist to pre-crisis degrees even after the normalization of the epidemiological situation with COVID-19, claimed Deputy Head of state Supattanapong Punmeechaow.

Incomes from tourist make up as much as 20% of Thailand’s GDP. According to 2019 information, the nation’s tourism revenue totaled up to $ 56.2 billion, but Thai authorities are not pleased with this. The federal government believes that Thailand’s economic situation is too dependent on tourist.

“It is unacceptable to return Thailand to the pre-COVID-19 degree of tourist dependency. As the worldwide economy modifications, we have to be a lot more energetic in attracting international investors to various other industries. Our objective is to include Thailand in the listing of 10 countries with the best convenience of operating,” said Replacement Head of state of Thailand.

The authorities revealed their intention to draw in foreign investors to the growth of other sectors, particularly the growth of the manufacturing of electrical lorries and also “eco-friendly” power.