• If the Middle East conflict does not escalate to the point of disrupting international travel, that could support Thailand’s foreign tourist arrivals in the remainder of 2026, particularly from the Middle East and Europe.
• However, downside risks remain. KResearch expects foreign tourist arrivals to Thailand to decline 4.9 percent YoY to 31.36 million in 2026, an upward revision from the previous forecast of 30 million. Revenue from foreign tourists is projected to reach around THB 1.54 trillion, down 3.2 percent YoY.
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