Bangkokians spend on travel

20 Dec 2014  2037 | World Travel News

BANGKOK Kasikorn Reseach Centre estimates Bangkokians’ spending will increase 8.2% to THB25,000 million during New Year holiday.
The centre conducted a trending report on New Year spending during 25 November to 3 December interviewing 404 Bangkokians age 15 to 64.
The survey showed despite a higher cost of living, 76.0% of those interviewed plan to take a break and spend on leisure activities during the New Year holiday, 31 December to 4 January, while some confirmed they would take off as much as nine days starting as early as 27 December. Another 24.0% said they had no travel plans for New Year.
Visiting relatives and friends was a top activity accounting 90.0% of all domestic trips, followed by travelling to a provincial destination, making merit and buying gifts.
inside no 3In addition, the government’s tax rebate scheme that allows citizens to deduct travel expenses from their annual tax declarations at the end of March should encourage more travel.
The scheme is valid for expenses up to 31 December next year.
Individuals who buy local package tours, or hotel accommodation, will be able to list the purchases as deductible expenses against their taxable income for the year. The deductible amount is set at no more than THB15,000.
The centre estimated that during the New Year period, Bangkokians would spend THB25,000 million, up 8.2% year-on-year (slightly down from the previous year growth rate of 8.5%).
Of that, THB8,300 million will be spent on food and beverage followed by THB6,000 for travel and accommodation, THB4,700 for family and relatives, THB3,600 buying gifts, and THB2,400 making merit.
For this year, Bangkokian will spend an estimated THB6,300 per head up from THB5,700 last year.
Kasikorn Research Centre is a subsidiary company of Kasikorn Bank, which conducts tourism and business research mainly on Thailand’s economy including tourism with reliable recommendations and indicators on business prospects.

sourced:ttrweekly.com 

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