Thailand approves measures to boost domestic tourism

Thailand's cabinet has approved new incentives, including tax deductions for domestic travel and hotel renovations, to stimulate the economy. These measures aim to boost domestic tourism and lift economic growth above 2.2% this year, as the nation...

Agencies
Thailand's cabinet has approved new incentives to boost domestic tourism, a finance ministry official said on Tuesday, as the government tries to revive a sluggish economy.

The steps, which include tax deductions for domestic travel and hotel renovations, are part of a series of stimulus measures aimed at lifting economic growth above 2.2% this year.

Southeast Asia's second-largest economy grew 2.5% last year, lagging peers.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › NRI › Visit › Thailand approves measures to boost domestic tourism
Text Size:AAA
Success
This article has been saved

*

+