{"id":1360,"date":"2017-09-19T18:13:15","date_gmt":"2017-09-19T11:13:15","guid":{"rendered":"http:\/\/www.absoluteresorts.com\/our-stories\/?p=1360"},"modified":"2017-09-19T18:14:50","modified_gmt":"2017-09-19T11:14:50","slug":"thailand-draws-3-1-million-tourists-in-august-a-record-for-the-month","status":"publish","type":"post","link":"https:\/\/www.absoluteresorts.com\/our-stories\/thailand-draws-3-1-million-tourists-in-august-a-record-for-the-month\/","title":{"rendered":"Thailand draws 3.1 million tourists in August, a record for the month"},"content":{"rendered":"<p>Thailand welcomed 3.13 million tourists in August, a record for the low season month, and there\u2019s no sign that the strong baht is hurting an industry that\u2019s been a rare bright spot for the economy.<\/p>\n<p><a href=\"https:\/\/www.absoluteresorts.com\/our-stories\/wp-content\/uploads\/2017\/09\/s4.reutersmedia.net_.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" class=\"size-full wp-image-1361\" src=\"https:\/\/www.absoluteresorts.com\/our-stories\/wp-content\/uploads\/2017\/09\/s4.reutersmedia.net_.jpg\" alt=\"\" srcset=\"https:\/\/www.absoluteresorts.com\/our-stories\/wp-content\/uploads\/2017\/09\/s4.reutersmedia.net_.jpg 800w, https:\/\/www.absoluteresorts.com\/our-stories\/wp-content\/uploads\/2017\/09\/s4.reutersmedia.net_-300x200.jpg 300w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p>Tourism accounts for 12 percent of Southeast Asia\u2019s second-largest economy, whose growth has picked up after years of sluggishness but still lags regional peers.<\/p>\n<p>The August arrivals were 8.66 percent above a year earlier and marked the first time visitors during that month topped three million.<\/p>\n<p>The visitors in August generated 163 billion baht ($4.93 billion) in revenue, up 11.7 percent from a year earlier, Pongpanu Svetarundra, permanent secretary of the tourism and sports ministry, told a news conference on Tuesday.<\/p>\n<p>\u201cThe August number is considered very high as it\u2019s the low season,\u201d he said.<\/p>\n<p>During August, the number of visitors from East Asia increased 10 percent from a year earlier to 2.26 million, with nearly one million from China, up 10.3 percent.<\/p>\n<p>Numbers from the Middle East rose 19.4 percent to 103,784 in August while those from Europe were flat, at 437,739.<\/p>\n<p>For January-August, there were 23.55 million arrivals, up 5.36 percent from a year earlier. Revenue in the first eighth months rose 7.5 percent to about 1.2 trillion baht.<\/p>\n<p>The government has forecast about 35 million tourist arrivals this year, up from 2016\u2019s record 32.6 million<\/p>\n<p>The baht\u2019s strength has not yet affected tourism, Pongpanu said. The currency has risen by about 8.2 percent against the dollar this year.<\/p>\n<p>\u201cThe baht is not yet an obstacle to tourism, unless it gets stronger,\u201d he said, adding that he hopes the central bank will keep the currency from appreciating further.<\/p>\n<p>A central bank official told the news conference that the baht\u2019s strength had not impacted tourism as other currencies were also appreciating, and that the central bank was closely monitoring the market.<\/p>\n<p>A representative from the Association of Thai Travel Agents urged the central bank to cut its policy interest rate by 25 basis points to help hold down the baht and lower costs for the tourist industry amid increasing competition.<\/p>\n<p>The Bank of Thailand has left the rate unchanged at 1.50 percent, near record lows, since April 2015. It next reviews monetary policy on Sept. 27, and most economists expect no change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thailand welcomed 3.13 million tourists in August, a record for the low season month, and there\u2019s no sign that the strong baht is hurting an industry that\u2019s been a rare bright spot for the economy. Tourism accounts for 12 percent of Southeast Asia\u2019s second-largest economy, whose growth has picked up after years of sluggishness but [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-1360","post","type-post","status-publish","format-standard","hentry","category-absolute-hotels","category-absolute-resorts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thailand draws 3.1 million tourists in August, a record for the month | Absolute Resorts &amp; Hotels News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.absoluteresorts.com\/our-stories\/thailand-draws-3-1-million-tourists-in-august-a-record-for-the-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thailand draws 3.1 million tourists in August, a record for the month | Absolute Resorts &amp; Hotels News\" \/>\n<meta property=\"og:description\" content=\"Thailand welcomed 3.13 million tourists in August, a record for the low season month, and there\u2019s no sign that the strong baht is hurting an industry that\u2019s been a rare bright spot for the economy. 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