🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Thailand expects record 30.3 million visitors in 2015, despite bomb

Published 20/10/2015, 06:25
© Reuters. A woman prays at Erawan Shrine, the site of the recent bomb blast, in Bangkok

BANGKOK (Reuters) - A record 30.3 million tourists are expected to visit Thailand this year, with more than a quarter coming from China, the tourism council said on Tuesday, as the country rebounds from political unrest in 2014 and a bomb attack in August.

Thailand's vital tourism industry, which accounts for about 10 percent of GDP, has grappled with trying to overcome bad publicity following a 2014 coup and a bomb attack in Bangkok in August that briefly caused visitor arrivals to fall.

But overall, the sector has been doing well in spite of an economy that has been stubbornly underperforming, proving that Thailand's beaches, bars and Buddhist temples continue to draw visitors.

If the tourist council's forecast proves right this year's total number of visitors will be 22.3 percent more than last year.

The previous record year was 2013, when 26.5 million visited. The number fell to 24.8 million in 2014, partly because some tourists were put off by political unrest including street protests in Bangkok that year.

Ittirit Kinglek, president of the Tourism Council of Thailand, said the bomb attack at a major tourist spot in the Thai capital did not have much impact on the sector and the country can expect a record number this year driven by Chinese tourists.

"The bombing did not have much impact on the general outlook for tourism," Ittirit said in a statement. "The aim is to get the last quarter of this year to return to normal."

Fourteen foreigners - seven from mainland China and Hong Kong - were among the 20 people killed in the attack at a famous religious shrine in Bangkok's commercial heart.

Two men have been arrested on suspicion of carrying out the attack which authorities believe stemmed from a crackdown on people-smuggling.

Visitors from China are expected to be a record 8.12 million this year, up 76.31 percent from 2014, Ittirit said.

The government has said it expects 7 million visitors from China in 2015, compared with 4.63 million in 2014, which would still be an all-time record.

© Reuters. A woman prays at Erawan Shrine, the site of the recent bomb blast, in Bangkok

It is aiming for 2.2 trillion baht (£40.09 billion) in revenue this year from tourism.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.