Thailand sets sights on making a huge increase in first time visitors next year because they are bigger spenders, says Tourism Authority

Thailand will try to ease the pressure on tourism from a surging currency by targeting more first-time visitors because they are bigger spenders.

“First-timers spend 10% to 20% more than repeat tourists and at the same time, we can build a new customer base,” Yuthasak Supasorn, governor of the Tourism Authority of Thailand, said in an interview in Bangkok on Tuesday.

Thai tourism and leisure stocks wilted as the baht appreciated

The state agency’s goal is to increase first-time visitors to more than 10 million in 2020, or about a quarter of overall arrivals, from 10% now. It’s focusing marketing efforts on regions such as Central Asia, Eastern Europe and Latin America.

Next year’s targets include a record 41.8 million arrivals generating 2.22 trillion baht ($73 billion) in receipts, both up roughly 5% from 2019.ADVERTISING

Tourism, a key Thai economic engine, sputtered this year as the baht’s 7.6% climb against the dollar made the Asian nation a costlier destination. The appreciation slowed recently after the Bank of Thailand stepped up efforts to tackle the surge.

Source/Photo: https://www.bloomberg.com/news/articles/2019-12-18/thailand-seeks-more-first-time-visitors-as-currency-saps-tourism

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Adam Judd
Mr. Adam Judd is the Chief of Content, English language, of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over a decade as a full-time resident, is well known locally and been visiting the country as a regular visitor for over 15 years. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail Editor@ThePattayanews.com About Us: https://thepattayanews.com/about-us/ Contact Us: https://thepattayanews.com/contact-us/