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Changes Thailand’s Tourism Sector Will Need to Make

The COVID-19 pandemic and the measures taken to curtail its spread have taken a heavy toll on Thailand’s economy. Among ASEAN+3 economies, Thailand is the third most reliant on travel and tourism for growth and jobs, with direct and indirect contributions totaling around 20 percent of GDP and employment (Figure).

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A Lonely Planet: ASEAN+3 Travel and Tourism in the Time of COVID-19

The COVID-19 pandemic has obliterated the region’s USD 300 billion travel and tourism industry. The outcome is threatening the external sector of countries for whom tourism has been a stable source of foreign exchange, and domestically, a key employer of the local workforce.

Continue Reading A Lonely Planet: ASEAN+3 Travel and Tourism in the Time of COVID-19