How is Thailand’s tourism industry developing?

Once upon a time, Thailand was a paradise for tourists. Beautiful beaches, rich cultural and historical sites, delicious food and affordable shopping attract countless tourists. Moreover, Thailand is rich in tourism resources and the prices are very cheap, making it easy for even poor travelers to travel.

However, over time, Thailand’s tourism industry has changed dramatically. With the rapid economic development, Thailand's price level has also begun to rise, and the tourism market is no exception. Especially in 2019, Thailand's tourism revenue reached 620 billion baht, a year-on-year increase of 4.6%, which shows the popularity of Thailand's tourism market. This also means that tourists who were able to travel in Thailand on a budget may now face the embarrassing situation of insufficient budget.

It is understood that Thailand’s price increases are mainly concentrated in the accommodation and catering industries. In terms of accommodation, with the rapid development of tourism, the number of hotels and B&Bs in Thailand continues to increase, but the prices have also increased accordingly. In terms of catering, due to Thailand's economic prosperity, more and more high-end restaurants have emerged, but their prices are expensive, which troubles many tourists.

Of course, although prices in Thailand have generally increased, Thailand is still a very high-quality tourist destination for wealthy people. After all, Thailand's rich tourism resources, beautiful beaches, rich cultural heritage, and unique cuisine still attract countless tourists.

In short, with the development of Thailand's tourism industry and the improvement of its economic strength, price levels have also increased. Thailand may have become increasingly expensive for some budget travelers. However, Thailand remains a great travel destination for those travelers willing to spend.