Thailand's tourism-related industries are experiencing strong growth

5th of June, 2023

Thailand has seen a surge in the number of applications to register tourism-related companies in 2023, reflecting the recovery of this sector of Thailand's economy and growing investor and entrepreneur confidence.

According to a new report from Thailand's Ministry of Commerce, in the first four months of 2023, there have already been 2,579 tourism-related businesses registered in one way or another. Most of the new registrations in this segment are: foreign exchange, travel agencies, guides, restaurants and catering businesses, as well as hotels, resorts and serviced flats.

The growth of travel registrations in Thailand in 2023 can be attributed to a number of factors:

  • Thailand has successfully controlled the COVID-19 pandemic. The country actively promotes vaccination programmes and adheres to strict safety protocols;
  • The government actively supports the tourism industry and develops various incentives to attract new investment in the tourism sector: tax incentives, subsidies, measures;
  • Online booking and marketplaces are becoming increasingly popular among tourists, which requires more registered companies to provide diverse and convenient travel options.

In addition to the growth in tourist-related businesses, the Ministry of Commerce mentions in its report a significant increase in the number of registered businesses in the real estate, general building construction, hotels and restaurants sectors, which seems to be a consequence and confirmation of the strong growth of the tourism industry and tourist traffic to Thailand in 2023.

Intelligent Solution Group (ISG) is an expert in company registration and corporate bank account opening in Thailand. Our specialists have extensive experience and understanding of Thai business and local legislation.

Intelligent Solution Group assists clients in all aspects of the company registration process in Thailand: advice on choosing the most suitable type of company, drafting necessary documents, preparing a business plan and interacting with the relevant government authorities.

Intelligent Solution Group provides corporate bank account opening services. We have established strong partnerships with Thailand's leading banks and help our clients choose the most suitable bank account and set up a corporate bank account according to the client's requirements and the business they are engaged in.

If you are interested in the jurisdiction of Thailand, we have prepared a promotional offer for you: -20% for registering a company in Thailand + a bank account as a gift.

What's the benefit of the offer:

  • You save a substantial amount of money;
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Our professional approach and in-depth understanding of the Thai business sector allows clients to go through all the necessary procedures with confidence and open a business in Thailand in 2023!