Consumer confidence increased for the fifth straight month in October, hitting a 10-month high, boosted by strong exports, a recovery in tourism and the easing of the pandemic. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 46.1 in October from 44.6 in September, 43.7 in August, 42.4 […]
Read MoreThe Thai Travel Agents Association (TTAA) is anticipating growth of the outbound tourism market after Hong Kong became the latest destination to allow tour groups to visit with fewer restrictions. The TTAA predicted pent-up demand from Thai tourists will lead to more travel through the first quarter of next year. The Hong Kong government is allowing […]
Read MoreThai consumer confidence rose for a fifth straight month in October, reaching a 10-month high, bolstered by improved economic activity following the easing of Covid-19 curbs, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce rose to 46.1 in October from 44.6 in the previous month. The Federation […]
Read MoreThe Thai economy, which is struggling to recover from the impact of the pandemic and the Russia-Ukraine war, likely faces a new slowdown as a global recession is expected next year, says the Federation of Thai Industries (FTI). The group advised the government to continue supporting the economy, although the Thailand Industry Sentiment Index increased in […]
Read MoreThe uneven tourism recovery has been highlighted by lower-end hotels’ struggle to catch up with five-star properties, which have greatly benefited from the return of the Mice (meetings, incentives, conventions and exhibitions) market. Thai Hotels Association (THA) president Marisa Sukosol Nunbhakdi said that while the hotel industry is gradually recovering, operators still have to brace for uncontrollable […]
Read MoreConsumer spending during World Cup 2022 is expected to increase from the previous tournament held four years ago, driven by greater economic activity amid concerns over a possible surge in gambling on the matches. The latest survey by the University of the Thai Chamber of Commerce (UTCC) estimates that 18.5 billion baht would be spent during […]
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Thailand
