Analysis of international tourist expenditures for passenger transport items in Thailand reveals significant variations. Between 2013 and 2019, there was a general upward trend, peaking at $2.614 billion in 2019. However, the impact of the COVID-19 pandemic caused a sharp decline to $0.816 billion in 2020. Recovery began in 2021, reaching $1.7631 billion and continued to grow significantly to $2.3811 billion in 2022. As of 2023, expenditures stood at $2.8338 billion, reflecting a robust recovery with a year-on-year increase of 19.01%. The five-year CAGR from 2023 forecasts suggests a more moderated growth rate of 1.87%, reflecting stabilization post-pandemic.
Future trends to watch for include:
• Continuous recovery and stabilization in tourism post-pandemic.
• Potential impacts of global economic conditions and changes in travel behavior.
• Innovations in the transport sector that could influence expenditure patterns.
