Thailand Introduces Measures to Boost Tourism
The Thai Cabinet has approved five measures to stimulate domestic tourism during the high season through 2025, focusing on secondary cities and private sector upgrades via tax incentives.
These measures aim to increase domestic travel, improve tourism infrastructure, and push Q4 GDP growth by 1%. The tax deductions and incentives are expected to stimulate approximately 13 billion baht in tourism spending.
The combined government programs will push total outlays to 110 billion baht, contributing 0.45% to Q4 GDP. The Ministry expects these incentives to strengthen the tourism sector, create jobs, and improve local economies.
The tax deductions and incentives would stimulate approximately 13 billion baht in tourism spending.
The plan is anticipated to have a positive impact on Thailand's lesser-visited provinces.
Author's summary: Thailand introduces tax incentives to boost tourism.
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