NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2007/06/25 - There’s been an unremitting growth in tourist influx in Thailand over the past few years. As a result, the country is seeing a positive growth in its tourism receipts that reached almost Bt142 Billion during the 1Q of 2007.
As per RNCOS’ recent market research report “Opportunities in Thailand Tourism Industry (2007-2009)", “Growing at a CAGR value of around 7.71% during the five-year period spanning 2007-2011, number of tourists coming to Thailand is expected to reach almost 20.03 Million by 2011.”
During the 1Q of this year, tourism receipts reached almost Bt142 Billion, around 9.6% up from the same period last year (2006). However the number of foreign visitors the country welcomed during this period was almost 3.82 million tourists, nearly 5.4% up from the same period last year. Tourist influx from Europe and Middle East grew 12% and 30%, respectively, during the 1Q of 2006.
Supported by the govt. efforts, Thailand tourism industry is witnessing continuous rise in its revenues. During the third week of May, the Thai government held a discussion on the strategies for further boosting tourism in the country, as per Suvit Yodmani – Tourism & Sports Minister. ETNA published this news on May 21, 2007.
The TAT (Tourism Authority of Thailand) intends to further promote Thailand in new markets from South America to Middle East, so that tourist influx can be increased dramatically in 2008, as per Phornsiri Manoharn – the governor. ScandAsia reported this on June 4, 2007. ''The TAT's promotional campaigns in those markets have started from this year (2007), and we expect they will bear fruit by next year,'' she added.
Voted as first amongst the locations throughout the globe in offering value for money, Thailand clinched ninth slot amongst the most attractive tourist destination in a survey that FutureBrand magazine had conducted last year. In November 2006, TAT had estimated that the tourism revenues would reach around Bt547.5 Billion in 2007, up from approximately BT486.3 Billion in 2005.
In its report on “Opportunities in Thailand Tourism Industry (2007-2009)" RNCOS has notified, “Strategically placed between attractive tourist destinations of East and West, and between the hemispheres of the South and the North, Thailand is a country that’s all the reasons to allure tourists. As an ASEAN member, the country is well placed to provide packaged services and implement the schemes of promoting joint tourism that has been yielding and will continue to yield increased mutual benefits, particularly for areas in strict need of concurrent investment such as sea-port amenities.”
Key issues that this report attempts to answer include: what are the emerging trends in the tourism industry in Thailand, position of Thai tourism industry with respect to ASEAN tourism industry, and so on.
About RNCOS E-Services Pvt Ltd
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.