Travel & Tourism in Thailand
Summary
Travel & Tourism in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Thai travel & tourism industry recorded revenues of $37.4 billion in 2023, representing a negative compound annual growth rate (CAGR) of 2.9% between 2018 and 2023.
- The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $13.5 billion, equivalent to 36.1% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines, primarily driven by increasing capital investment, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Thailand reached $12.6 billion in 2023, reflecting a 7.2% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Thailand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Thailand
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Thailand travel & tourism market with five year forecasts by both value and volume
- What was the size of the Thailand travel & tourism market by value in 2023?
- What will be the size of the Thailand travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Thailand travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Thailand's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths and strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Central Plaza Hotel PCL
- 8.2. Thai Airways International Public Co Ltd
- 8.3. A&F Tour Travel Co., Ltd
- 8.4. Hot Pot Public Company Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Thailand travel & tourism industry value: $ million, 2018-23
- Table 2: Thailand travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Thailand travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Thailand travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Thailand travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Central Plaza Hotel PCL: Key Facts
- Table 7: Central Plaza Hotel PCL: Annual Financial Ratios
- Table 8: Central Plaza Hotel PCL: Key Employees
- Table 9: Thai Airways International Public Co Ltd: Key Facts
- Table 10: Thai Airways International Public Co Ltd: Annual Financial Ratios
- Table 11: Thai Airways International Public Co Ltd: Key Employees
- Table 12: A&F Tour Travel Co., Ltd: Key Facts
- Table 13: Hot Pot Public Company Limited: Key Facts
- Table 14: Hot Pot Public Company Limited: Key Employees
- Table 15: Thailand Size of Population (million), 2019-23
- Table 16: Thailand Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 17: Thailand GDP (Current Prices, $ Billion), 2019-23
- Table 18: Thailand Inflation, 2019-23
- Table 19: Thailand Consumer Price Index (Absolute), 2019-23
- Table 20: Thailand Exchange Rate, 2018-23
- List of Figures
- Figure 1: Thailand travel & tourism industry value: $ million, 2018-23
- Figure 2: Thailand travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Thailand travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Thailand travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Thailand, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Thailand, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Thailand, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Thailand, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Thailand, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Thailand, 2023
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