Receipts for passenger transport items from international tourists in Thailand experienced fluctuating growth from 2013 to 2023. The data shows periods of both decline and growth, notably with a significant drop in 2020 due to global disruptions, followed by a swift recovery. In 2023, receipts stood at 5.0138 billion USD, reflecting a substantial bounce back with a 21.1% year-on-year increase from 2022. From 2018 to 2023, the compound annual growth rate (CAGR) averaged at approximately -0.013%, indicating almost a flat growth over the recent years despite significant annual variations.
Looking ahead from 2024 to 2028, forecasts suggest a steady growth trajectory with a forecasted five-year CAGR of 2.13%. Receipts are expected to reach 5.7339 billion USD by 2028, marking an 11.11% growth over the period.
Trends to watch for in future analysis include:
- Impact of global economic conditions on international tourism and spending.
- Recovery and growth in the tourism sector post-pandemic.
- Changes in transportation infrastructure and services in Thailand.
- Shifts in tourist demographics and preferences.
