Registrations for tourism businesses grow in 2023Tourists arrive for an hour-long visit to Maya Bay beach in the Phi Phi islands in Krabi province. The country's tourism sector has experienced a robust recovery based on new registrations of tourism-related businesses in the first four months of this year. Based on registered capital, the range with the most new registrations was less than 1 million baht, totalling 3,971 businesses or 65.7%, followed by capital of 1-5 million baht with 1,985 businesses or 32.9%. The next capital range was 5-100 million baht with 67 businesses or 1.11% of total new registrations, followed by more than 100 million baht, which had 18 businesses or 0.30%. These businesses can be classified into three types: limited partnerships (202,544 businesses, accounting for 23.3%), limited companies (667,100 businesses, accounting for 76.6%) and public companies (1,397 businesses, accounting for 0.16%).

Source: Bangkok Post May 13, 2023 10:17 UTC