The share of travel services in Thailand's services exports showed a notable decline from 2019 onward, plummeting from 73.68 to 20.21 in 2021 due to the pandemic's impact. While there was a recovery to 38.24 by 2022, forecasts indicate this level will remain steady through 2028, reflecting a static growth environment.
Looking at variation:
- 2023 stood at 38.24
- Last 2 Years YoY Variation (2022-2023): stabilized at 38.24
- 5-year CAGR shows 0% indicating no growth
Future trends to watch include potential market responses to global travel policies, digital transformation, and evolving travel preferences due to prolonged pandemic effects.
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