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Bangkok Post
Bangkok Post
Business

FORGOTTEN HISTORY: Tourism key to recovery | History Defined

EIC Siam Commercial Bank MPC Inflation Thailand Economy International Monetary Fund United States US Federal Reserve
The Economic Intelligence Center forecasts foreign tourist arrivals in 2022 at 7.4 million, up from a previous estimate of 5.7 million. (Photo: Nutthawat Wicheanbut)

Tourism will be the key engine supporting Thailand's economic recovery, replacing the slowing export sector, says the Economic Intelligence Center (EIC), a research house under Siam Commercial Bank.

The EIC has upgraded its forecast for foreign tourist arrivals in 2022 to 7.4 million, up from 5.7 million, but the number is still far below the pre-pandemic tally of almost 40 million in 2019.

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