Travel and business have contributed US$109.5 billion and roughly 6 million jobs to the Thai economy, creating Thailand the biggest business economy, according to the planet Travel & business Council (WTTC).
International tourists spent over US$70.1 billion in Thailand in 2018 and accounted for 21.6 % of the country's gross domestic product (GDP) within the same year.
And the largest international market? China at 27 %, followed by Malaysia (10 percent), Korea (5 percent), Japan (4 percent), and Laos (4 percent).
But China's defense over the Thai business trade has been shaking, and currently, the results of many accumulated incidents are pushing Chinese tourists off from their travel destinations in Thailand.
What happened within the past years?
The Thai baht has fully grown stronger.
According to the Thailand news, the baht has gained a minimum of 5.5 % against the America dollar since January, outperforming alternative currencies in Southeast Asia.
"It completely has a bearing," Association of Thai Travel Agents President Wichit Prakobgosol same to Channel News Asia. "When compared to alternative state currencies they might rather visit Vietnam, Malaysia, Singapore or country."
But even before the Thai baht became a stronger currency, there have been alternative factors that were turning Chinese tourists away.
Tags : WTTC, China, Thailand, Phuket's tourism,