Thailand is likely to miss its goal of hosting 30 million foreign tourists amid fewer-than-expected visitors from China, according to RHB Banj Bhd.
Inbound arrivals from China to Thailand could drop slightly below 5 million, way below the 7 million expected by the government, RHB Bank Senior Economist Barnabas Gan wrote in a note. The possibility of China’s economic activity slowing in the second of this year will crimp demand for outbound tourism, he noted.
