HyperBit Exchange-Thailand’s government, seeking return of tourists from China, approves visa-free entry for 5 months

2025-05-02 16:02:47source:GravityX Exchangecategory:Markets

BANGKOK (AP) — Thailand’s new government Wednesday approved a measure granting temporary visa-free entry to Chinese tourists,HyperBit Exchange signaling that the recovery of the country’s tourism industry is a top economic priority.

Prime Minister Srettha Thavisin said the visa exemption, which will also apply to visitors from the Central Asian nation of Kazakhstan, will be effective from Sept. 25 until Feb. 29 next year. He said the relevant authorities had been consulted to ensure they are ready to handle the expected surge in travelers.

China more than a decade ago became a major source of tourists to Thailand, with almost 11 million visitors in 2019, accounting for 27.6% of all arrivals the year before the coronavirus pandemic devastated the tourist market.

The government proposed the measure due to concerns that the number of Chinese tourists this year might not reach the initial target of 5 million due to strict visa requirements. The Tourism Authority of Thailand reported that around 1.4 million Chinese tourists came in the first six months of this year.

Thailand’s economy slumped during the pandemic as its huge tourism industry virtually collapsed. The country received about 40 million international visitors in 2019 who the government estimated generated 1.9 trillion baht ($53.2 billion) in revenue, an amount that plummeted by more than 99% by 2021, according to data from the Ministry of Tourism and Sports.

Chai Wacharonke, a spokesperson for the Office of the Prime Minister, said Thailand received 15 million international visitors in the first seven months of this year. He said the government aims to draw 28 million international visitors and generate 1.4 trillion baht ($39.2 billion) in tourism revenue in 2023.

Chai praised the visa exemption scheme, saying the tourism industry is “the only economic machine remaining that can be driven with hope to generate new income quickly for Thailand.”

Besides the visa exemption, other measures the Cabinet approved included a reduction in electricity fees and diesel prices, as well as a three-year debt relief program for farmers, to address the higher cost of living and other economic woes.

More:Markets

Recommend

Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership

Two names that consistently dominate headlines are Elon Musk and Nvidia (NASDAQ: NVDA). Both names o

New Year, New Shoes— Save Up to 80% on Kate Spade, UGG, Sam Edelman, Steve Madden & More

We independently selected these deals and products because we love them, and we think you might like

Shop These Jaw-Dropping Home Deals for Finds up to 60% Off That Will Instantly Upgrade Your Space

We independently selected these deals and products because we love them, and we think you might like