The Kasikorn Research Center expects that the worldwide economic downslide combined with a strong Thai baht will continue to affect spending in Thailand by both tourists and locals and 2019 already show a significant lower income generation than in 2018.

Nevertheless tourism is expected to generate 82 billion THB in revenue from 28 December 2019 to 5 January 2020 of which the foreign tourist will spend 54 billion THB. In 2020 the tourism sector in Thailand will face increasing competition from the neighbouring countries.

Read more here from the Kasikorn Research Center.