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Ministry anticipates B1.2tn revenue without stimulus

Published by
The Bangkok Post

Tourism revenue this year may total 1.2 trillion baht, below the government’s target of 1.5 trillion, if there are no additional support or stimulus schemes as the fiscal budget for tourism in 2023 has been heavily cut, according to Tourism and Sports Minister Phiphat Ratchakitprakan. Mr Phiphat said the proposed stimulus packages comprise a 1-billion-baht project called “Booster Shot” under the supervision of the Tourism Authority of Thailand (TAT) and a 1-billion-baht sport tourism project that aims to promote international and local sporting events around the nation. The ministry and privat…

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