The second quarter of this year saw Thailand’s Tourism Confidence Index drop, due to the combination of the low season and decreased tourism earnings. The index score of 72 was two points lower than the previous quarter and significantly lower than the same period in 2019. A survey of 740 operators revealed concerns about the cost of electricity and labor shortage. Around 68% of companies are still earning less than in 2019. The northeast region reported the highest revenue recovery, while the east region showed the lowest growth. The industry is worried about the global economy and possible political instability. Despite strong domestic travel, Thai tourists remain reluctant to spend. The easing of laws for accommodations is seen as a positive development.
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