Thailand’s consumer spending over the Lunar New Year period could rise 13.6 percent to 45 billion baht, a three-year high, as the economy recovers and China’s border reopening bolsters tourism, a university survey showed. | Reuters
Lunar New Year celebrations normally signal a jump in spending by many Thais and visitors from China and other parts of Asia.
China’s reopening raises hopes for the return of Chinese visitors, who accounted for nearly a third of Thailand’s 40 million foreign tourist arrivals in pre-pandemic 2019. The government expects at least five million Chinese tourists this year, with some 300,000 in the first quarter. Thanavath said businesses are also upbeat about China’s reopening, which would help tourism and jobs in Southeast Asia’s second-largest economy, which he predicted would grow 3.6 percent this year, after an estimated growth of 3.3 percent in 2022.SIGN ME UP
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CDO city gov’t, Fil-Chinese community join hands for Lunar New Year celebrationMayor Rolando Uy (in red shirt and sandals) joins the dancers performing the dragon dance in front of the Cagayan de Oro City Hall during the start of the week-long celebration of the Lunar New Yea…
Read more »
LOOK: Giant legs of Vietnam's 'dragon chicken' is a Lunar New Year delicacyThe key to the taste of the Dong Tao chicken is its diet of corn and rice and the freedom to roam, according to a Vietnamese poultry farmer
Read more »
China's Lunar New Year travel to boost economy after COVID crunchUrban workers crowded train stations across China’s largest cities on Tuesday as travel for Lunar New Year holidays hit high gear, an early sign of economic recovery as officials confirmed a plunge due to COVID-19 curbs.
Read more »
Lunar New Year celebration at Park Inn by Radisson North EDSA | BMPlusWelcome the Year of the Water Rabbit at Park Inn by Radisson North Edsa! Let the Lunar New Year inspire you to embrace a fresh start. We invite you and your family to celebrate and usher the Year of the Water Rabbit with delightful memories at Park Inn by Radisson…
Read more »
Taboos and superstitions of the Lunar New Year - BusinessWorld OnlineTHERE are a number of superstitions surrounding the Lunar New Year, to avoid bad luck in the new year and to attract good luck. Here is a list compiled by The Peninsula Manila. House Cleaning: All house cleaning must be done prior to the New Year. On New Year’s Eve, all brooms, brushes, dusters, dust […]
Read more »