How much money does Thailand spend on tourism?

Budget expenditure of Ministry of Tourism and Sports Thailand 2016-2020. In 2020 the total budget expenditure of the Ministry of Tourism and Sports amounted to approximately 5.9 billion Thai baht, showing a slight decrease compared to the previous year.

How much money does tourism bring to Thailand?

Tourism is an economic contributor to the Kingdom of Thailand. Estimates of tourism revenue directly contributing to the GDP of 12 trillion baht range from one trillion baht (2013) 2.53 trillion baht (2016), the equivalent of 9% to 17.7% of GDP.

How much does Thailand earn from tourism 2019?

Thailand’s Tourism Revenue reached 62 USD bn in Dec 2019, compared with 58 USD bn in the previous year See the table below for more data.

How big is Thailand’s tourism industry?

Thailand saw foreign tourist arrivals plunge to 73,932 in the first eight months of this year, from almost 40 million visitors in 2019 who generated more than $60 billion in revenue.

Why Thailand has a lot of tourists?

The food, the prices, the incredible hotels, cheap hostels, beautiful islands, the ease of getting around – any and all could be responsible for why Thailand is so popular, and why last year over 38 million people visited.

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How much of the economy is tourism?

In 2019, the Travel & Tourism sector contributed 10.4% to global GDP; a share which decreased to 5.5% in 2020 due to ongoing restrictions to mobility. In 2020, 62 million jobs were lost, representing a drop of 18.5%, leaving just 272 million employed across the sector globally, compared to 334 million in 2019.

Is Thailand the most visited country?

Thailand: 40 million visitors

Thailand’s influence in the tourism sphere has always been high, and it continues to rank as one of the countries with most tourists.

What country has the most tourists in the world?

20 Most-Visited Countries in the World

  1. France — 89.4 Million Visitors.
  2. Spain — 82.7 Million Visitors. …
  3. United States — 79.6 Million Visitors. …
  4. China — 62.9 Million Visitors. …
  5. Italy — 62.1 Million Visitors. …
  6. Turkey — 45.7 Million Visitors. …
  7. Mexico — 41.4 Million Visitors. …
  8. Germany — 38.8 Million Visitors. …

Which country visits Thailand the most?

From 2012 onwards, China has been taking the top spot as far as providing tourists to Thailand, now way ahead of Malaysia in second place. As seen below, close to 11 million Chinese visitors arrived in 2019, which was 27.6 % of the total.

How many tourists visit Thailand annually?

United Nations World Tourism Organization (UNWTO). Thailand recorded a high of 40 million visitors in 2019, with the top three spending categories for inbound visitors that year being in accommodation (28 percent), shopping (24 percent of spending), and food and beverages (21 percent).

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Does Thailand rely on tourism?

Unsurprisingly, the tourism industry is a major contributor to the country’s economy. As of the first quarter of 2020, the tourism industry was estimated to directly contribute 5.65 percent to the gross domestic product (GDP) in Thailand. Tourism is also one of Thailand’s largest sector of employment.