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Tourism Flows Inbound in Thailand

New C&M analysis: Thailand Tourism Flows Inbound Market


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2014-03-18 22:58:02 - Tourism Flows Inbound in Thailand - a new market research report on companiesandmarkets.com

Overall, tourism flows inbound in Thailand showed an impressive number reaching 22.5 million trips in 2012. This was the first time in history that such a huge number of arrivals were recorded in Thailand and it created the new highest record for Thai tourism. This was a good indicator that restored confidence in travel and tourism of Thailand was due to political factors being stable, with no violent protesters and no floods. The Thai economy is getting stronger, and investors feel more comfortable about expanding new hotel outlets, establishing new tourist attractions, with new restaurants are opening up.

The number of inbound tourism is predicted to record a positive performance in Thailand over the forecast period. The number of arrival trips

 

 

is expected to increase from 22.5 million trips in 2012 to 31.8 million trips in 2017. The predicted number of arrivals should expect to bring huge revenues to Thailand´s economy, as well as gear up new accommodations and car rental companies to expand nationwide. In particular, international brands of hotels and car rental outlets are expected to consider setting up new chained outlets in the provincial areas beyond the current tourist destinations. This means that Phuket, Samui or Pattaya might not be the first priority of new outlet expansion; however, the key regional cities like Khon Kaen or Nakhon Si Thammarat (Korat) as well as the border provinces like Kanchanaburi and Chiang Rai could attractive as investor destinations. Given that Asian Economic Community (AEC) will be introduced in 2015 and cross-border travelling might be one significant trend in the future.

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