Overseas Chinese Bank: Thailand's tourism industry is expected to continue to be vulnerable to the impact of Middle East conflicts.
Overseas Chinese Banking Corporation (OCBC) Research Department stated in a report that the tourism industry is one of the largest growth engines in Thailand, but it may still be vulnerable in 2026 amidst conflicts in the Middle East. Despite a significant rebound in tourist activities from 2022 to 2024, the share of Thailand's tourism industry in GDP has not yet recovered to pre-pandemic levels. The industry may also be affected by rising oil prices, disruptions in global air routes, increasing airfare prices, and a slowdown in tourist bookings. OCBC Bank stated, "The Thai government is trying to attract tourists from alternative source markets through regional and domestic tourism promotion activities."
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