The put up Agoda: Thai marriage equality law could boost annual tourist arrivals by up to 4 million appeared first on TD (Journey Day by day Media) Travel Daily Media.

Digital journey platform Agoda’s newest examine reveals how Thailand’s landmark marriage equality laws is about to ship an extra 4 million worldwide guests per 12 months inside two years of its enactment.

The stated laws additionally stands to extend tourism revenues by practically US$ 2 billion each year. 

Agoda’s The Financial Influence of Marriage Equality on Thailand’s Tourism Business examine measures the projected financial alternative offered by Thailand’s transfer to undertake marriage equality starting 22 January 2025. 

As the primary jurisdiction in Southeast Asia to legalize same-sex marriage, and Asia’s third after Taiwan in 2019 and Nepal final 12 months, the initiative positions Thailand to seize a bigger slice of the worldwide rainbow tourism market, valued at over US$ 200 billion yearly.

Agoda vice-president of company improvement and government sponsor for Agoda Delight Timothy Hughes stated: “The LGBTQIA+ group is a strong financial power with a robust urge for food for journey. Whereas already a well-liked vacation spot for LGBTQIA+ travellers, this transfer is anticipated to additional solidify Thailand’s repute as an inclusive vacation choice. At Agoda, we’re excited to see the substantive financial impression that the inflow of travellers may have on native companies and communities. We’ll proceed working with our native companions to ship distinctive journey experiences for this group.”   

Related findings

The report quantifies the projected trickle-down advantages of the legislative transfer to the broader Thai financial system.

It’s estimated that, inside two years, the inflow of an extra 4 million worldwide guests yearly might:

  • increase tourism receipts by roughly USD2 billion annually—of which, round USD 0.7 billion would go to lodging, USD 0.4 billion to meals and beverage providers, USD 0.4 billion to retail spending, USD 0.2 billion to home transportation, with USD 0.2 billion throughout different areas together with leisure and medical providers;
  • assist an extra 152,000 FTE jobs, 76,000 straight throughout the tourism trade and an extra 76,000 throughout the broader Thai financial system, and;
  • raise Thailand’s Gross Home Product (GDP) by 0.3 %.

Whereas Thailand is already established as a number one tourism vacation spot, this legislative improvement is about to bolster its enchantment to LGBTQIA+ vacationers searching for welcoming locations, particularly as travellers worldwide exhibit an growing desire for diversity-driven and inclusive journey experiences.

As solely the third market inside Asia to introduce marriage equality, Thailand is poised to grow to be a regional hub for LGBTQIA+ {couples} from neighbouring international locations who’re searching for to rejoice their union in a rustic that recognises same-sex marriage. 

With many cities in Thailand already established as distinguished vacation spot marriage ceremony venues, the wedding equality laws might additionally increase Thailand’s marriage ceremony trade, together with constructive contributions into associated sectors like lodges, catering, and leisure.

The put up Agoda: Thai marriage equality law could boost annual tourist arrivals by up to 4 million appeared first on Travel Daily Media.



Source link