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Bangkok Post
Bangkok Post
Business

Spending to hit 5-year high during Loy Krathong festival

Loy Krathong Thanavath Phonvichai Economy UTCC
The University of the Thai Chamber of Commerce projects spending during the Loy Krathong festival to increase by 5.9% to 9.68 billion baht.

Consumer spending during the Loy Krathong festival is projected to be the highest in five years, helped by the country's reopening to foreign visitors and the government's stimulus measures.

The latest survey by the University of the Thai Chamber of Commerce (UTCC) revealed that spending during the annual full moon celebration, which falls on Nov 8, is expected to increase by 5.9% to 9.68 billion baht.

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