Saturday, June 22, 2024

Thailand Scraps Controversial THB300 Tourism Fee Policy: A Strategy for Increasing Visitor Volumes and Boosting Economy

Share

Thailand to Drop Unpopular THB300 Tourism Fee Policy, PM Confirms

In a move widely welcomed by the tourism sector, Thai Prime Minister Srettha Thavisin announced on June 8 that his administration has decided to forgo the controversial proposal to impose a 300 baht (approximately S$11) fee on foreign visitors arriving in Thailand by air. This decision overturns a policy set forth by the previous government in February 2023, which had sparked considerable debate and criticism from within the industry.

Addressing concerns related to the proposed fee, Prime Minister Srettha clarified that his government is focusing on a broader economic strategy that favors increased tourist volumes over imposed entry fees. He pointed out the possibility of generating higher revenues through tourists’ spending on various services and goods rather than collecting a fee at the point of entry. “A larger influx of tourists, free from the deterrent of such a fee, is likely to engage more in shopping and other economic activities, thus, stimulating our economy,” he stated.

The Prime Minister emphasized the importance of considering the views of all stakeholders in decision-making processes, suggesting that the government would explore alternative revenue sources to support the tourism sector. This approach, he noted, would allow for the reallocation of resources toward tourism as deemed necessary without placing additional financial burdens on international visitors.

Responding to inquiries concerning Thailand’s recent performance in the global tourism sector, specifically its ranking drop to 47th out of 119 countries in the World Economic Forum’s (WEF) tourism and travel development index, Mr. Srettha adopted a constructive tone. He chose not to dwell on past performances but instead focus on ongoing development efforts. “The focus should be on enhancing our strengths. Thailand is home to multiple cities and islands that polls and travelers consistently rank as top-tier destinations globally. Our efforts should concentrate on fostering and amplifying these positive aspects,” he remarked.

In addition to tourism developments, the Prime Minister shared updates on a promising collaboration with technology giant Apple. The discussions aim to establish a Startup Center at the Science and Technology Park of Chiang Mai University. He confirmed that an initial agreement is near completion, with the necessary location already secured. This partnership potential extends beyond the initial project, as Mr. Srettha expressed enthusiasm about introducing an Apple Developer Academy to Thailand, with plans for Apple executives to visit and finalize the arrangement by the end of 2025.

By retracting the proposed tourism fee and fostering significant industry partnerships, the Thai government under Prime Minister Srettha Thavisin appears committed to revitalizing Thailand’s attractiveness as a top international destination, providing a clear indication of its priorities towards economic and development strategies poised to benefit both local stakeholders and international visitors.

Alex Sterling
Alex Sterlinghttps://www.businessorbital.com/
Alex Sterling is a seasoned journalist with over a decade of experience covering the dynamic world of business and finance. With a keen eye for detail and a passion for uncovering the stories behind the headlines, Alex has become a respected voice in the industry. Before joining our business blog, Alex reported for major financial news outlets, where they developed a reputation for insightful analysis and compelling storytelling. Alex's work is driven by a commitment to provide readers with the information they need to make informed decisions. Whether it's breaking down complex economic trends or highlighting emerging business opportunities, Alex's writing is accessible, informative, and always engaging.

Read more

Latest News