Last updated: 06:30 PM ET, Mon August 08 2016

Tourism Keeps Thailand’s Economy Strong

Destination & Tourism | Janeen Christoff | August 08, 2016

Tourism Keeps Thailand’s Economy Strong

PHOTO: Phuket, Thailand. (Photo courtesy Thinkstock) 

Thailand’s strong tourism growth is one of the factors that is keeping the country’s economy on track. The country is experiencing a record tourism growth, according to Reuters

Thailand relies on its trade economy, which has been hit hard by a “deteriorating global economic environment” and a slowdown in demand for exports. But the strong tourism economy is keeping the country on track for the year. 

"We are on track," Veerathai told Reuters in an interview on Friday. "We'll have to monitor the secondary impacts of Brexit. Certain sectors of our economy have been hit by China's transition. But we expect to see better government disbursement for large projects in the second half of the year."

Even though exports have contracted, tourism has helped to keep the economy on track, growing 0.9 percent in the first quarter and 3.2 percent so far for the year. 

READ MORE: Thailand Officials Hope To Purge Country of Prostitution 

To find out how Thailand is stimulating further economic growth and how that will help its tourism industry, read more here.

For more information on Thailand

For more Destination & Tourism News


You may use your Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook information, including your name, photo & any other personal data you make public on Facebook will appear with your comment, and may be used on Click here to learn more.

Xcaret: Experience All of Mexico in One Place

Hotels & Resorts