Thailand Sees Staggering Number of International Tourist Arrivals in 2017

Thailand Sees Staggering Number of International Tourist Arrivals in 2017

Thailand welcomed a record 35.38 million foreign tourists in 2017, up 8.8 percent from the previous year, the tourism ministry said on press release. 

Tourist receipts account for about 12 percent of Southeast Asia's second-largest economy,to more than 1.8 trillion baht (US$56 billion), making it one of the most important drivers of growth as Thailand has lagged regional peers since the army took power in 2014.

International tourist arrivals rose 8.8 percent in 2017 to a record 35.38 million, equivalent to more than half the Thai population, said government tourism and sports official Pongpanu Svetarundra. The biggest factor was growth of 12 percent in the numbers of Chinese visitors, who are ever more evident at beaches, shopping malls and temples.

Tourists in Thailand | Aboutthailand
Tourists in Thailand | Aboutthailand


In 2018, Thailand expects 37.55 million visitors to spend 2.1 trillion baht.

Although the baht is near a 3-1/2-year high against the dollar and up more than 12 percent since the start of 2017, inflation is less than one percent.

The currency strength was having little impact, said Ittirit Kinglek, the president of the Tourism Council of Thailand, adding, "The overall trend looks positive."

Among the biggest beneficiaries of the tourism boom is majority state-owned airports operator Airports of Thailand (AOT), which recently said it planned to upgrade its 2018 earnings outlook.

Shares of AOT have risen 78 percent since the start of 2017, with its market capitalisation reaching 1 trillion baht (US$31 billion), making it the largest airport operator in the world by market capitalization.



(Channel NewsAsia | Business Standard)

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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