Thailand will introduce new incentives to boost domestic travel, Finance Minister Ekniti Nitithanprapas said on Wednesday, as the government steps up efforts to revive a sluggish economy amid early signs of improving sentiment.
The incentives, which include soft loans and tax measures, were discussed at a meeting of the economic policy committee and will be put to cabinet for approval next week, Ekniti said.
Tax deductions of up to 20,000 baht ($616.90) will be granted to citizens travelling domestically between October 29 and December 15, he added.
Tourism, a key growth driver, has seen arrivals fall 7.5 per cent year-on-year to 25.1 million so far this year, well below the record of nearly 40 million before the pandemic.