International tourism expenditures in Thailand have demonstrated varied trends over the past decade. Between 2013 and 2019, expenditures showed consistent growth with notable increases, peaking in 2019. A significant drop occurred in 2020 due to the pandemic, resulting in a 71.09% decrease. However, a strong recovery began in 2021 and continued over the next two years, with expenditures reaching 5.92 units in 2023, reflecting an 18.85% year-on-year increase. The average annual growth over the last five years (CAGR) has been 3.1%.
Forecasts for the future indicate a modest yet steady growth in international tourism expenditures, with a five-year CAGR of 0.7% and a total growth rate of 3.56% expected by 2028. Expenditures are projected to reach 6.22 units by 2028. Key future trends to watch include the impact of global economic conditions, developments in international travel policies, and the increasing role of digital tourism experiences in influencing travel decisions.
