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Industry Outlook Analysis

22 Apr 2021

Tourism

Two Waves of COVID-19 within Three Months to Derail Recovery of Thailand’s 2021 Inbound Tourism (Current Issue No.3210)

The latest wave of the COVID-19 pandemic may take longer to ease as compared to the two previous waves because the number of daily cases is substantially higher and most people have been infected by the fast-spreading variant. This is likely to delay the government’s efforts in re-opening the countr... Read more

12 Apr 2021

Tourism

Receipts for Domestic Travel Projected to Fall by more than THB130 Billion as Third Wave of COVID-19 Hurts 2Q21 Domestic Travel (Current Issue No.3209)

The third wave of COVID in 2Q21 presents bad news for travel-related businesses that had begun to bounce back following the latest resurgence of COVID-19 towards the end of last year. According to the Ministry of Tourism and Sports, the number of Thais travelling in the country during February 2021 ... Read more

26 Mar 2021

Tourism

Domestic tourism to improve during 2021 Songkran festival, provided that the outbreak is kept under control (Current Issue No.3202)

KResearch views that the overall trend for domestic travel will see improvement during the 2021 Songkran festival. However, the festivities will differ markedly from those that took place in the era before COVID-19, as Thailand continues to be on high alert for signs of local transmission. For this ... Read more

20 Jan 2021

Tourism

Domestic Travel, 2021: The Only Hope Hinges on Concerted Effort from All Parties to Combat COVID-19 (Current Issue No.3180)

Domestic travel is imperative in driving Thailand’s tourism in 2021. Unfortunately, it has slowed down again since the beginning of 2021 due to the resurgence of COVID-19. As a result, the Center for COVID-19 Situation Administration (CCSA) has reimposed stringent COVID-19 restrictions, especially i... Read more

9 Dec 2020

Tourism

Inbound Tourism, 2021: Growth Projected to Be Limited, But Set to Pick Up in 2H21 if COVID-19 Eases and Vaccine is Ready Current Issue No.3166)

Thailand’s inbound tourism in 2021 has begun to see positive news, regarding significant progress on the COVID-19 vaccine development, and its planned use with people in many countries by the end of 2020. In addition, Thailand has signed an advance agreement with a pharmaceutical firm to secure supp... Read more

27 Oct 2020

Tourism

Domestic travel market in the final stretch of 2020; Thais have travel plans but also worry over COVID-19, the economy and politics (Current Issue No.3152)

After the government managed to successfully contain the spread of COVID-19 and issued stimulus packages like the ‘We Travel Together’ campaign to boost domestic tourism, the number of Thai tourists traveling domestically markedly increased. Based on data provided by the Ministry of Tourism and Spor... Read more

18 Jun 2020

Tourism

Domestic stimulus packages after easing of the lockdown encouraging Thais to travel domestically to generate income of around THB 41 billion (Current Issue No.3118)

The COVID-19 situation in Thailand has improved to the extent that the government has eased lockdown measures on interprovincial travel, public transport systems, airports and tourist destinations, allowing services in these sectors to return to normal. On June 16, 2020, the Thai cabinet approved th... Read more

30 Apr 2020

Tourism

Domestic Travel Faces New Challenges Post COVID-19 …Thais Projected to Make only 79.5-89.5 Million Domestic Trips in 2020 (Current Issue No.3104)

An improvement in the COVID-19 situation is being seen in Thailand as the number of new infections nationwide has declined steadily while no new cases were found in many provinces for many days. This represents a positive sign for the country and if no new infections are found, people and businesses... Read more