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Thailand Tourism Q4 2019

Thailand Tourism Q4 2019

Key View:

We retain a bullish outlook for the Thai tourism industry over the 2019-2023 period and forecast steady organic growthover the medium-term horizon. Thailand will continue to benefit from a strong global reputation as a major tourist destination andwill retain its widespread appeal to a diverse yet growing spectrum of holidaymakers. Primary drivers supporting our outlook includerising disposable incomes in a growing range of source markets, an increasing network of low-cost regional and internationalairlines and aggressive tourism promotional policies. Furthermore, the sector will continue to benefit from robust infrastructureinvestments at all levels in the country that will support accommodations, retail and transportation over the coming decade. Whilewe note that competition from challengers such as Vietnam and the Philippines continues to rise, our view is that Thailand is wellpositioned to capitalise on the organic growth opportunities.

Key View
Industry Forecast
Industry Risk/Reward Index
Asia Pacific Tourism Risk/Reward Index
Thailand Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Tourism Methodology

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