Thailand is betting on a tourism revival to drive growth amid increasing headwinds from surging oil prices and accelerating inflation. - Reuters
BANGKOK (Bloomberg): Foreign tourist arrivals into Thailand are set to beat official forecasts with the lifting of pandemic-era restrictions, a rare positive for the nation’s Covid-battered economy and currency.
International arrivals will total 9.3 million this year, government spokesman Thanakorn Wangboonkongchana said Wednesday, citing a tourism ministry forecast. That’s 55% more than the Bank of Thailand’s estimate of 6 million early this month, and 7 million predicted by the National Economic and Social Development Board.
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