Thailand Introduces Tourism Boosters
The Thai Cabinet has approved five measures to stimulate domestic tourism during the high season through 2025, focusing on secondary cities and offering tax incentives for private sector upgrades.
These measures aim to increase domestic travel, improve tourism infrastructure, and boost Q4 GDP growth by 1%. The tax deductions and incentives are expected to stimulate 13 billion baht in tourism spending, with combined government programs totaling 110 billion baht and contributing 0.45% to Q4 GDP.
The Ministry expects these incentives to strengthen the tourism sector, create jobs, and improve local economies across Thailand’s lesser-visited provinces.
The plan targets secondary cities and encourages private sector upgrades, aiming to increase domestic travel and improve tourism infrastructure.
Author's summary: Thailand introduces tax incentives to boost tourism.