Thailand optimistic about tourism and spending during Songkran festival

Deputy government spokesman Anukul Prueksanusak has cited findings from a recent consumer behaviour survey conducted by the University of the Thai Chamber of Commerce, which said spending during Songkran is projected to increase by 4.5% to 134 billion THB (3.8 billion USD), up from last year’s 129 billion THB

People and performers accompany a float during a Songkran procession through downtown Phra Pradaeng district in Samut Prakan on 21 April 2024. The district typically celebrates Songkran festival a week later than the rest of the country. (Photo: Bangkoko Post)
People and performers accompany a float during a Songkran procession through downtown Phra Pradaeng district in Samut Prakan on 21 April 2024. The district typically celebrates Songkran festival a week later than the rest of the country. (Photo: Bangkoko Post)

Bangkok (VNA) - The Thai government has expressed its confidence that tourism and spending during the upcoming Songkran festival will remain upbeat.

Deputy government spokesman Anukul Prueksanusak has cited findings from a recent consumer behaviour survey conducted by the University of the Thai Chamber of Commerce, which said spending during Songkran is projected to increase by 4.5% to 134 billion THB (3.8 billion USD), up from last year’s 129 billion THB. This figure would mark the highest level seen since 2020 with 69 billion THB, the first year when Thailand and the world were affected by the COVID-19 pandemic.

The survey also showed that only 5% of respondents, the lowest since 2016, planned to cut back on their spending, while 72.1% have travel plans in place during the Songkran holiday, the highest percentage since 2019, reflecting growing consumer confidence and a steady recovery in the tourism sector.

Regarding changes in travellers’ spending plans after the earthquake fallout, Anukul noted that the majority of respondents, or 71.7%, said there would be no change, 17.1% planned to increase spending, and 11.2% intended to reduce it.

Most respondents indicated they would continue with their usual Songkran activities but would avoid indoor events or venues in high-rise buildings.

Anukul said people can travel with confidence during Songkran this year. The government has instructed relevant agencies to expedite safety inspections of hotels, facilities at major tourist attractions, and the structures of buildings in high-risk areas following the earthquake in Myanmar, which also affected Thailand, to instill confidence in both Thai and international tourists.

Security agencies are working with tourism authorities to facilitate tourists and ensure safety at destinations nationwide, while communicating useful information to boost public confidence in travelling safely throughout the festival period, he noted./.

VNA

See more

Speakers at the discussion session on major markets and connectivity at the forum. (Photo: VNA)

ASEAN, China strengthen media cooperation

Media and think tank representatives from the ten ASEAN member states and China engaged in in-depth discussions on topics such as artificial intelligence (AI) at the ASEAN-China Media and Think Tank Forum in Malaysia on April 11

MAS eased its Singdollar policy in January for the first time in five years (Photo: straitstimes)

Singapore expected to ease SGD policy amid US tariff moves

All 14 economists in a Bloomberg survey forecast that the MAS, which uses the exchange rate rather than interest rates to stabilise prices, will reduce the slope in the policy band of the Singapore dollar’s nominal effective exchange rate on April 14.

People take part in Songkran festival in Thailand. (Photo: Xinhua/VNA)

Thailand’s tourism gloomy in fear of earthquake

TTB Analytics forecasts that Songkran holiday spending will fall by 13.5% year-on-year to 36 billion THB (1.05 billion USD). SCB EIC, a research unit under SCBX, predicts a drop of up to 700,000 international tourists this year due to ongoing safety concerns.

Delegates pose for a group photo at the 4th ASEAN-UK Senior Officials’ Meeting (AUKSOM). (Photo: VNA)

ASEAN, UK look stronger multifaceted cooperation

As the coordinator of dialogue relations, Viet, who is also head of the ASEAN Senior Officials' Meeting (SOM) delegation of Vietnam, highly valued the role of the UK - a member of G7 and G20, in regional cooperation.

Indonesia: 5.9 earthquake shakes West Papua

Indonesia: 5.9 earthquake shakes West Papua

The Indonesian Agency for Meteorology, Climatology and Geophysics reported that the quake had a depth of 60 km, with the epicenter located 105 km southeast of Asmat district.

Minister of Finance Nguyen Van Thang (left) and SBV Deputy Governor Nguyen Ngoc Canh at the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) in Kuala Lumpur, Malaysia, on April 9. (Photo: VNA)

Vietnam actively engages in ASEAN financial, banking initiatives

Leading the Vietnamese delegations, Minister of Finance Nguyen Van Thang and SBV Deputy Governor Nguyen Ngoc Canh, participated in key dialogues between ASEAN ministers and major business councils, including the US-ASEAN Business Council (US-ABC), the EU-ASEAN Business Council, and the ASEAN Business Advisory Council.