Thailand Seeks to Mitigate Economic Impact with Increase in Tourist Visits – Bloomberg
Tourists Traveling to Thailand to Limit Economic Pain Ahead of New ... Bloomberg
Thailand is one of the most popular tourist destinations in the world, and the country has been working to mitigate the economic impact of the coronavirus pandemic by increasing the number of visitors. According to Bloomberg, the Thai government is hoping to increase the number of international tourists by up to 50 percent this year.
The Thai government has implemented a number of measures to encourage more tourists to visit the country. These include offering discounted airfares, relaxing visa requirements, and providing financial incentives for hotels and restaurants. In addition, the government has also launched a campaign to promote Thailand as a safe destination for tourists.
The government’s efforts have been successful so far, with the number of international visitors increasing by over 20 percent in the first quarter of 2021. This is a significant increase from the same period last year, when the number of visitors decreased by almost 50 percent due to the pandemic.
The increase in tourist visits has had a positive effect on the Thai economy. According to Bloomberg, tourism accounts for around 12 percent of Thailand’s GDP, and the increase in visitors has helped to boost economic growth. In addition, the influx of tourists has also helped to create jobs in the hospitality and tourism sectors.
While the increase in tourist visits has been beneficial for the Thai economy, it is important to note that there are still challenges that need to be addressed. For example, many of the visitors are coming from countries that are still experiencing high levels of coronavirus cases. This means that there is a risk of further spread of the virus in Thailand.
In order to ensure that Thailand remains a safe destination for tourists, the government has implemented a number of health and safety measures. These include mandatory temperature checks for all visitors, social distancing guidelines, and increased sanitization measures.
Overall, Thailand is making progress in mitigating the economic impact of the coronavirus pandemic by increasing the number of international visitors. The government’s efforts have been successful so far, and it is hoped that these measures will continue to be successful in the future.
This article has been rewritten and summarized in an informative style by Open AI, while the image uses deep generative neural network. SDG Investors LLC holds the rights to both the article summary and image. All rights reserved.
What is Your Reaction?