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Bangkok Post
Bangkok Post
Business

Survey finds tepid Songkran

Songkran Thanavath Phonvichai Songkran festival UTCC
The atmosphere on Khao San Road, a popular strip among tourists, particularly during the Songkran festival. (Photo: Wichan Charoenkiatpakul)

Spending sentiment during the upcoming Songkran festival is expected to remain tepid, mainly because of a sharp rise in oil prices ignited by the Russia-Ukraine war and relatively high Covid-19 infections in the country.

According to the latest survey conducted by the University of the Thai Chamber of Commerce (UTCC), spending during the upcoming Songkran festival is expected to plunge by 5.4% this year to 107 billion baht.

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