Tourism-related businesses continued to thrive during the first five months of this year, especially foreign currency exchanges, travel agencies, tour guides, restaurants, and hotel, resort and condo companies.
According to the latest data from the Commerce Ministry, the proportion of new businesses related to tourism accounted for 8.10% of the total, up 96.6% for the period.
Businesses involved in foreign currency exchange registered a 389% increase, followed by travel agency businesses with a 281% increase, while tour guide firms gained 225% and restaurants jumped 67.2%.
Hotel, resort and condo businesses increased 49.1% for the period.
The growth was attributed to the continuous increase in foreign tourists and the Thai economic recovery, said the ministry.
The top three categories for new businesses during the first five months of 2023 were general construction, real estate and restaurants, accounting for 7.57%, 7.33% and 4.69% respectively, according to the ministry.
