June 27, 20242 yr From The Thaiger The Thai Cabinet made a bold move to bolster its tourism sector by extending a waiver on operating fees for hoteliers for another two years. This strategic decision, made yesterday, June 25, aims to support the country’s ongoing economic recovery following the devastating impact of the Covid-19 pandemic. The fee exemption, which spares hoteliers from the annual charge of 40 baht per hotel room, will be in effect from July this year to June 2026. While this will result in a revenue loss of 54 million baht for the government, Deputy Spokesperson Karom Phonphonklang believes it is a necessary step. “Waiving the fee will help reduce expenses for hotel operators that have been impacted by the Covid-19 pandemic and may remain unable to recover.” Tourism is a cornerstone of the Thai economy, which has been struggling with high household debt, rising borrowing costs, and weak exports. The government is aiming for 3% economic growth in 2024, up from last year’s modest 1.9%. With tourism playing a critical role in this target, the fee waiver is expected to ease financial burdens on hoteliers and stimulate sector growth.
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.