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Bangkok Post
Bangkok Post
National

Revived spending splurge forecast for Loy Krathong

Loy Krathong Thanavath Phonvichai
People release lotus-shaped floats during the Loy Krathong festival at Kasetsart University in Bangkok in November last year. (Photo: Pattarapong Chatpattarasill)

A 9.7-billion-baht spending splurge is forecast for the Loy Krathong festival on Tuesday, the biggest in five years, fuelled by expectations of economic recovery, according to the University of the Thai Chamber of Commerce.

The anticpated Loy Krathong spending rebound is based on the latest survey, university president Thanavath Phonvichai said on Friday .

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