Top industry body predicts frugal Songkran celebrations by Thai public

07-04-24

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries cited numbers from last year, when one-third of Thais had lost their spending power while spending by foreign tourists fell by approximately 6-7%.

The chairman of the Federation of Thai Industries, Kriengkrai Thiennukul, said this year's festival would witness a big increase in the number of tourists but he was worried that the spending would not be commensurate with the surge. 

BANGKOK – The concerns were aired at the committee’s monthly meeting on Wednesday, which aimed to discuss the current situation in Thailand’s three core sectors: industry, commerce, and banking.