Ministry sees four-year test for tourism sector
The tourism industry, which accounts for 12% of Thailand’s GDP, is expected to take at least four years to recover to the pre-pandemic levels, says the Finance Ministry.
While several financial authorities and think tanks project Thailand’s economy will fully recover over the next two years, the recovery of the domestic tourism sector is anticipated to take until 2024 to recoup 40 million foreign tourist arrivals, said Arkhom Termpittayapaisith, the finance minister.
Wichit Chantanusornsiri
