Thailand’s economy has a tendency to continue recovering as tourism more than doubled in July on a monthly basis.
The Ministry of Transportation revealed that international arrivals in July were over one million, compared to an average of 500,000 arrivals in the first six months of this year. Meanwhile, passengers for air traffic in July, combining both domestic and international, reached more than two million.
Surge in tourist arrivals came after Thailand gradually lifted Covid-19 restrictions for inbound travellers and easing high alert areas in the cities on 1 May and a full lift on 1 July.
The Bank of Thailand Governor Sethaput Suthiwartnarueput spoke at a news conference in late July, saying that he expected gross domestic production to be higher than 3% in 2Q along with a recovered consumption. The governor expected the Thai economy to return to pre-Covid level in 1Q23.