ThaiLand of Opportunities
Sujith Vasudevan, Managing Editor, 0
the first quarter of 2024, representing a 32.5 percent increase.
In truth, Thailand leading the race is no coincidence. A fair share of credit goes to the Tourism Authority of Thailand (TAT), which has been prompt in implementing initiatives to attract visitors, be it long-haul stays, beach destinations, or Bangkok’s nightlife. TAT adopted a strategic move combining adventure tourism, beach tourism, leisure tourism, business travel, and the meeting and event industry. The industry bets huge on travel experience, especially with the advantage of technology.
Indeed, the global Smart Hospitality market, driven by the need to create unique hospitality experiences, is predicted to grow from $13.6 billion in 2022 to $49.9 billion by 2027 (report by ResearchAndMarkets.com) at a whopping CAGR of 29.8 percent. It’s quite clear that travelers worldwide are looking for well-being-oriented and immersive experiences. This drives a massive surge in leisure travel within the domestic market and the inbound international travel landscape. Going forward, the opportunities for Thailand will be huge. This yearly special issue of CEO Insights sheds light on the corporate ecosystem of Thailand.
Do let us know your thoughts.
In truth, Thailand leading the race is no coincidence. A fair share of credit goes to the Tourism Authority of Thailand (TAT), which has been prompt in implementing initiatives to attract visitors, be it long-haul stays, beach destinations, or Bangkok’s nightlife. TAT adopted a strategic move combining adventure tourism, beach tourism, leisure tourism, business travel, and the meeting and event industry. The industry bets huge on travel experience, especially with the advantage of technology.
Indeed, the global Smart Hospitality market, driven by the need to create unique hospitality experiences, is predicted to grow from $13.6 billion in 2022 to $49.9 billion by 2027 (report by ResearchAndMarkets.com) at a whopping CAGR of 29.8 percent. It’s quite clear that travelers worldwide are looking for well-being-oriented and immersive experiences. This drives a massive surge in leisure travel within the domestic market and the inbound international travel landscape. Going forward, the opportunities for Thailand will be huge. This yearly special issue of CEO Insights sheds light on the corporate ecosystem of Thailand.
Do let us know your thoughts.