TAT cuts tourism revenue estimateThe Tourism Authority of Thailand 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 by Pornprom Satrabhaya)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. 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 be down to 3.38 trillion baht, from 3.4 trillion, breaking down into 2.21 trillion baht from international tourists and 1.17 trillion from domestic travellers, according to TAT governor Yuthasak Supasorn. He 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 3.72 trillion baht in 2020, a 10% growth year-on-year.

Source: Bangkok Post July 01, 2019 08:10 UTC