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Thai economic recovery hampered by lagging tourism -finance minister

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BANGKOK : Thailand's economic recovery is being supported by stronger exports, but the pace will be affected by only a gradual recovery in the number of foreign tourists, the country's finance minister said on Wednesday. Southeast Asia's second-largest economy was among the first destinations in Asia to r

BANGKOK : Thailand's economic recovery is being supported by stronger exports, but the pace will be affected by only a gradual recovery in the number of foreign tourists, the country's finance minister said on Wednesday.

"Our export sector is strong, but tourism recovery will be gradual," Arkhom Termpittayapaisith told an online business seminar, noting Thailand received about 700,000 visitors in the first four months of 2022. In 2019, Thailand welcomed nearly 40 million visitors, spending 1.93 trillion baht, with the tourism sector accounting for about 12 per cent of gross domestic product.

The minister said that the government needed to be careful about providing the right measures in supporting the recovery.

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