Sustainability of the Thai Tourism Industry
In the last decade, Thailand has enjoyed a surge in its tourism industry, constantly finding itself on top of many travel recommendation websites. According to USA Today the country’s capital was recorded to be the most geo-tagged location on Instagram just two years ago.
With slightly more than 20 percent of the country’s revenue being indirectly affected by tourism, and the industry contributing to 9 percent of the nation’s GDP in 2013, this field is certainly impacting the Land of Smiles in far more ways than simply finances.
Along with financial prosperity, Thailand has also seen her fair share of woes. Recent political instability has shaken the entire nation’s economy, especially so for tourism. Concerned travelers are beginning to rethink if Thailand’s shopping, food and beaches are worth the risk, and CNBC’s 2015 Top Asian Destinations clearly reflects this.