29 Mar 2024
Thai Economy
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29 Jun 2018
According to Bank of Thailand data on household borrowing in 1Q18, the ratio of household debt to GDP dropped from 78.0 percent in 4Q17 to 77.6 percent (while the seasonally adjusted figure stood at 77.7 percent). However, the outstanding household debt in 1Q18 stepped up to THB12.17 billion, or 5.2 percent higher than the same period of 2017, compared to the 4.6-percent growth recorded in 4Q17. The surge of outstanding household debt was consistent with the high growth seen in retail lending of commercial banks and private consumption, especially spending for durable goods, namely homes and automobiles. ... Read more
8 May 2018
KResearch expects that parents in Greater Bangkok will spend around THB27.5 billion during the 2018 school year, up 1.9 percent YoY, showing a decrease in spending growth because the main spending items such as tuition remain unchanged. Additionally, most parents are spending cautiously on education-related merchandise, namely, school uniforms, books and school supplies by choosing cheaper products or buying in less quantity, compared to last year. In addition, the number of students in the 2018 school year is expected to be static versus the figures in 2017. ... Read more
4 May 2018
KResearch thus expects that the number of Middle Eastern holidaymakers to Thailand will continue to shrink during the remainder of 2018. As a result, the number of Middle Eastern tourist arrivals will reach perhaps 7.58-7.79 million in 2018, shrinking 4.2-1.4 percent, against the 5.7 percent growth reported for 2017. It is expected that such tourists will spend around THB60.6- 62.5 billion, contracting 2.1-1.0 percent, versus the 8.3 percent growth recorded in 2017.... Read more
11 Apr 2018
In the second half of 2018, KResearch views that domestic tourism will continue to expand, thanks to the conducive domestic environment and the government’s project to promote the kingdom’s secondary destinations in 55 cities. In addition, hospitality operators including those engaging in hotel, lodging and airline businesses have organized a string of marketing campaigns to promote domestic travel, boosting the momentum of “Go Local” tourism. ... Read more
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