Valued at USD 61,323.00 million in 2024, Thailand’s tourism industry is set to grow due to affordable travel costs that make it a budget-friendly destination. With significant investments in tourism infrastructure, the market is projected to reach USD 84,027.30 million by 2034, reflecting a steady CAGR of 3.2% over the forecast period.
Owing to the rich history, wildlife, and food among many other factors are expected to increase the influx of tourists and drive the demand for Thailand tourism. Thailand is located in the Southeast Asian region and surprisingly enough it is the only country in Southeast Asia that was never colonized by any European Nation. As a matter of fact, the word ‘Thailand’ means ‘the land of free.
Key Takeaways
- Thailand is also known as the largest exporter of Orchids in the world. Moreover, the bumble bee bat, which is the smallest mammal in the world is found in Thailand. Attributing these intriguing facts is making Thailand’s tourism market grow.
- Furthermore, Thai cuisine is highly appreciated throughout the world. The flavors, texture, and cooking methods make Thai food one of the tastiest foods. The growing popularity of Thai cuisine is attracting tourists to the country.
- Thailand is also believed to be one of the cheapest countries to live and travel throughout the world. All these things make Thailand one of the favorite holiday destinations for visitors throughout the world.
- Rock climbing is believed to be one of the most famous destinations in Thailand. Tourists from across the globe visit the most famous Railay beach for rock climbing. This is creating lucrative growth for Thailand’s tourism market throughout the forecast period.
- Thailand is also home to some of the most beautiful beaches in the world. These beaches are ideal places to spend time in solace or for learning to dive.
- The most famous tourist spots in Thailand are Phuket and Krabi, located in Southern Thailand, these places are usually swamped with tourists. Owing to their well-developed facilities and plentiful activities, both the places are highly visited by tourists from all over the world.
Report Preview: https://www.futuremarketinsights.com/reports/thailand-tourism-spend-analytics-forecast
Competitive Landscape
Bangkok Travel Agency Thailand, NS Travels & Tours, Elite Holiday & Agency, Sun leisure World, Holiday Tours and Travel, Bike Tours Thailand, Thailand Holiday Group, Thai Travel Plus Co. Ltd., TIC Holidays Company Limited, Thrilling Thai tours ltd., Discover Thailand Co. Ltd., Exodus Travels, Thailand Elite Travel Agency are some of the key companies profiled in the full version of the report.
Thailand tourism is expected to witness an impressive rebuild as all the covid travel curbs ended from July 2022. In Thailand’s new tourism campaign, an amazing new chapter is an attempt to revive the country’s economy.
- Thrilling Thai tours were the winners of the Get Your Guide Awards, 2018.
- Exodus Travels won the Wanderlust Awards Best Response to the Pandemic – Bronze.
Key Segments Profiled in the Thailand Tourism Market Survey
By Booking Channel:
- Phone booking
- Online booking
- In person booking
By Consumer Orientation:
- Men
- Women
- Children
By Age group:
- 15-25 years
- 26-35 years
- 36-45 years
- 46-55 years
- 56-65 years
- 66-75 years
By Tour type:
- Independent traveller
- Tour Group
- Package Traveller
By Tourist Type:
- Domestic
- International
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