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Bangkok Post
Bangkok Post
Business

Survey predicts holiday outlay of B45bn

Shoppers seek auspicious items to buy as they celebrate Chinese New Year this weekend, perusing at a shop on Phlap Phla Chai Road in Bangkok yesterday. (Photo: Warunwipa Kasempongpanit)

Spending during the Chinese New Year festival, which starts on Friday, is expected to be the most active in three years, helped by the country's economic recovery and a revival in tourist arrivals.

In its annual survey of consumer spending during Chinese New Year, the University of the Thai Chamber of Commerce (UTCC) estimated outlays for the festive season to tally 45 billion baht, a rise of 13.6% from the previous year.

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