An overload of tourists and an overwhelmed Thai healthcare system are issues to monitor next year after China fully reopens, with up to 500,000 tourists projected to start travelling during Chinese New Year.
A stronger occupancy rate and the abrupt surge of the Russian market has Phuket hotels facing a labour shortage during the high season, prompting operators to urge the government to help attract more foreign workers to shore up the market.
The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said on Wednesday.
RECAP: Stocks fell in most Asian markets yesterday after another plunge on Wall Street as the prospect of higher interest rates and turmoil in Europe stoked fears of a global recession.