Ministry of Tourism forecasts revenue of 1.2 trillion baht without stimulus

BANGKOK: Tourism revenue this year could total 1.2 trillion baht, below the government’s target of 1.5 trillion baht, if there is no additional support or stimulus packages, as the tourism tax budget in 2023 has been greatly reduced, according to Minister of Tourism and Sports Phiphat Ratchakitprakan.

MotoGP at Chang International Circuit in Buri Ram. The ministry aims to use the National Sports Development Fund budget to promote MotoGP 2022 in September.

Mr Phiphat said the proposed stimulus packages include a billion-billion project called “Booster Shot” under the supervision of the Tourism Authority of Thailand (TAT) and a billion-billion sports tourism project. billion which aims to promote international and local sporting events across the country, reports the Bangkok Post.

The Ministry and the private sector proposed the Booster Shot to the Prime Minister this week and the agenda is being reviewed by the National Economic and Social Development Council (NESDC), determining whether to use the central budget or the emergency loan decree.

He said the NESDC had not made a decision.

“Without any additional budget, we have to admit that this year’s revenue is more likely to be 1.2 trillion baht, which is 300 billion baht below target,” Phiphat said. well below 5-6 billion baht during pre-pandemic years.

Although tourism’s contribution to GDP had reached 18% before the pandemic, he said that over the past two years, the ministry had proposed a number of measures to help tourism operators, but most were rejected.

Mr Phiphat said the Booster Shot program was urgently needed by the industry to stimulate demand and strengthen tourism players.

The TAT should cooperate with airlines to increase capacity to at least 50% of pre-pandemic levels and help tourist operators, such as tourist buses which have suffered from a lack of Chinese customers, to carry more local tour groups.

For sports tourism projects, which will use the National Sports Development Fund budget, the ministry aims to promote three international events: MotoGP 2022 in September, followed by two trail running events in Chiang Mai. They include the inaugural “Amazing Thailand World Mountain & Trail Running Championships” in November, which were postponed from last year, and Doi Inthanon Thailand By UTMB 2022 in December.

“We have already secured these events for Thailand. With more active marketing and promotions, we can attract more foreign athletes and audiences to the country, while creating more sporting events around Thailand to attract local tourists,” he said.

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