Thailand recorded a decline in foreign tourist arrivals from January 1 to September 7, 2024, with numbers falling 7.11% compared to the same period last year, according to the Tourism Ministry. The country welcomed 22.39 million international visitors during this period, highlighting ongoing challenges for its key economic sector.
China remained Thailand’s largest source of visitors, contributing 3.16 million arrivals, reinforcing the importance of Chinese tourism for the country’s travel industry. Other major markets include neighboring ASEAN nations, Europe, and the United States, though recovery in some regions has been slower than expected.
The weaker inflow prompted Thailand’s state planning agency to cut its annual forecast for international arrivals. In August, the agency revised its projection down to 33 million from the earlier estimate of 37 million. This revision underscores concerns about slower global travel demand, regional competition, and external economic pressures affecting tourism spending.
Thailand had set an ambitious target of recovering close to pre-pandemic levels, when nearly 40 million tourists visited in 2019. However, the latest figures indicate that the road to full recovery remains challenging. Factors such as currency fluctuations, higher travel costs, and regional geopolitical tensions are weighing on the tourism sector.
The government continues to roll out initiatives to attract more visitors, including easing visa requirements, expanding flight connectivity, and promoting high-value tourism experiences. Tourism remains one of Thailand’s most vital industries, contributing a significant share to GDP and supporting millions of jobs.
Despite the current setback, analysts expect visitor numbers to pick up in the final quarter, driven by the holiday season and increased arrivals from China and other Asian markets. Whether Thailand can hit its revised target of 33 million tourists in 2024 will depend on sustained policy support and global travel trends.


U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist
South Korea Factory Activity Hits 18-Month High as Export Demand Surges
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data
IMF Forecasts Global Inflation Decline as Growth Remains Resilient
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 



