KASIKORNTHAI Regulatory Capital and Financial Performance Update
Persons
Million Persons
K
KASIKORNTHAI
Tourism
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Total tourism receipts (both domestic and foreign tourism) will progressively increase in 2023, reaching 61% of the 2019
level, while foreign tourists may reach 27.6 million, or around 69% of the 2019 level
%Tourism Revenue to GDP
20.0%
18.2%
17.7%
15.0%
11.6%
11.3%
10.9%
10.0%
6.6%
5.2%
6.4%
57%
5.0%
2.2%
3.0%
3.6%
6.5%
4.4%
1.6%
0.0%
2.2%
2.1%
0.6%
2020
2021p
2022e
2018
2019
2023f
In 2023, KResearch projects the number of foreign
tourists coming to Thailand may reach 27.6 million, or
around 69% of the 2019 level
Meanwhile, domestic travel is expected to report steady
growth. Preliminarily, KResearch projects Thais will
make around 185.0 million domestic trips in 2023
% Foreign tourism revenue to GDP
% Tourism tourism revenue to GDP
% Domestic tourism revenue to GDP
No. of Foreign Tourists and Domestic Trips
Tourism Revenue
(Bt bn)
50.00 166.0 172.7
185.0 200
3,500
150.8
2,947
2,994
40.00
3,000
150
30.00
38.20
90.6
27.6
39.92
100
20.00
53.0
11.14
Million Trips
2,500
1,876
1,912
1,954
997
2,000
1,500
,071
,082
793
352
633
1,170
784
50
10.00
6.70
0.42
1,000
500
319 474
254
98
364
0.00
0
0
2018
2019
2020
2021r
2022e
2023f
2018
2019
2020
2021r
2022e
2023f
No. of Foreign tourists (persons)
No. of Domestic trips
■Foreign Tourism Revenue
Domestic Tourism Revenue
■Total Revenue
Source: MOTS and Forecast by Kasikorn Research Center
Note: As of October 2023
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
In comparison to the same period in 2019, 68% of foreign visitors to Thailand in the first nine months of 2023
returned
Quarterly comparison of foreign tourists between
2019 and 2023
Number of foreign visitors by region in the first
nine months of 2023 compared to 2019
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
1Q
2Q
3Q
■2019 (Pre-Covid 19) #2023
Africa
Middle East
Oceania
America
South Asia
Europe
North-East Asia
South-East Asia
Persons 0
5,000,000
■9M23
10,000,000
9M19 (Pre-Covid 19)
15,000,000
Top 5 Foreign Tourists by Country in 3Q23
Top 5 Foreign Tourists by Country in 9M23
Vietnam
India
South Korea
China
Malaysia
Russia
India
South Korea
China
Malaysia
Persons 0
500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000
Persons 0
■ 3Q23 ■3Q19
Source: MOTS
บริการทุกระดับประทับใจ
2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
■9M23
-9M19
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