Thailand’s Tourism Revenue Grows

The Ministry of Tourism and Sports in Thailand has reported its tourism revenue reaching over THB 627 billion from July to September of this year.

This involves both international and domestic tourist spending.

The statistics from the report

Kobkarn Wattanavrnagkul, the Tourism and Sports Minister, mentioned that in the 3rd quarter, the earnings grew to 12.22%, which reached THB 627,037.25 million.

From this, THB 410,755.03 million came from international markets, up by 14.77%. THB 216,282.22 million was derived from domestic markets, up by 7.69%.

There were international tourist arrivals of 8,228,278, up by 13.09% from 2015 Q3.

Chinese tourist arrivals increased 14.53%, 2.42 million in Q3. This created THB 123,609 million, a 15.67% increase.

ASEAN tourist arrivals increased 14.63%, 2.20 million. This created THB 67,601 million in revenue.

European tourist arrivals increased 12.11%, 1.20 million. This created THB 86,867 million, a 15.6% increase in 2015 Q3.

The government estimated 36.48 billion Thais doing trips in Q3 for the domestic market. This is up by 5.55% from 2015 Q3.

THB 155,631.85 million, an increase of 7.57%, from domestic travel went to 10 destinations of Bangkok, Phuket, Krabi, Chiang Mai, Songkhla, Rayong, Chonburi, Chiang Rai, Kanchanaburi and Prachuap Khiri Khan.

Additionally, THB 13,141.70 million, an increase of 8.54%, went to the 12 destinations of Lampang, Loei, Nan, Phetchabun, Buri Ram, Samut Songkhram, Nakhon Si Thammarat, Ratchaburi, Chanthaburi, Chumphon, Trat and Trang.

THB 13,777.87 million, an increase of 8.21% went to the 12 destinations of Lamphun, Phitsanulok, Phrae, Chaiyaphum, Phatthalung, Suphanburi, Nakhon Pathom, Surin, Sa Kaeo, Ranong, Rayong and  Satun.

For Q4, the ministry estimated that the tourism revenue may get to THB 690,616.05 million, which is up by 1.28% 2015 Q4.

Of that estimation, THB 389,884.43 million will derive from the international markets, while THB 219,731.62 million will derive from the domestic markets.

For 2015, it was 29.8 million international arrivals, up by 20.44% from 2014’s 24.8 million. The revenue was also estimated at THB 1.44 trillion which is up by 23.39% from 2014’s THB 1.17 trillion.

Conclusion

This means a great deal for all the tour operators (international and domestic), hotels and resorts, whether that be a boutique resort in Chanthaburi or a hostel in Bangkok. The tourism growth and revenue increase in Thailand is proof enough of it being a major destination for international and domestic tourists alike.

 

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