Bangkok’s skyline is photographed during sunset, July 3, 2023. Photo by Reuters
Thailand’s cabinet on Tuesday agreed to extend a waiver on operating fees for hoteliers for two more years from July to support the tourism sector, a government official said.
The exemption of the annual fee of 40 baht (US$1.09) per room will cost the government about 54 million baht in lost revenue, deputy spokesperson Karom Phonphonklang told reporters.
Tourism is a key driver of the Thai economy, which has lagged regional peers, as it faces high household debt and borrowing costs as well as weak exports.
The government, which is targeting 3% economic growth in 2024 after 2023’s 1.9% expansion, has…