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Thailand’s economy is reliant on international tourism, a once-flourishing sector that has been impacted by pandemic restrictions. But there have been continual government efforts to boost domestic travel, and measures to support returning international demand after Thailand began reopening to vaccinated international travelers from 63 countries on November 1, 2021. 1 Pasika Khernamnuoy and Katie Silver, “Thailand reopens to vaccinated tourists from over 60 nations,” BBC, November 1 2021, bbc.com. Even as the world addresses emerging variants of the virus, Thailand’s lessons can act as a guide for other tourism-dependent countries facing similar dilemmas as they prepare for the resurgence of international travel.
In 2019, Thailand ranked eighth globally in international tourist arrivals, with China being a key source market. 2 United Nations World Tourism Organization (UNWTO). Thailand recorded a high of 40 million visitors in 2019, with the top three spending categories for inbound visitors that year being in accommodation (28 percent), shopping (24 percent of spending), and food and beverages (21 percent). 3 “Summary of tourism income and expenses from foreign tourists entering Thailand in 2019,” Ministry of Tourism & Sports, October 28, 2020, mots.go.th. Furthermore, the Thai tourism sector created 36 million jobs between 2014 and 2019. 4 “Dashboard SME big data,” Office of Small and Medium Enterprises Promotion, accessed October 2021, sme.go.th.
Unfortunately, the pandemic and related restrictions have hit travel particularly hard, as international travel plunged. Passengers on international flights to Thailand dropped by 95 percent in September 2021, compared to the previous year. Hotels, in turn, only filled 9 percent of their rooms (Exhibit 1).
This decline in visitors had an outsize impact on tourism spending, as international travelers spent significantly more than their local counterparts (Exhibit 2). For instance, in 2019, international travelers made up 33 percent of overall travelers in Thailand yet accounted for almost 60 percent of all tourism spending—international tourists spent $1,543 per traveler on average, compared to $152 by domestic travelers. 5 “Tourism statistics 2019,” Ministry of Tourism & Sports, accessed October 2021, mots.go.th. This drop in expenditure undoubtedly caused a ripple effect on Thailand’s food and beverage retail industries, which include 1.2 million small and medium-size enterprises (SMEs). 6 “How to start business,” Office of Small and Medium Enterprises Promotion, accessed October 2021, sme.go.th.
Recovery appears to be on the horizon for Thailand. Assuming virus recurrence, slow long-term growth, muted world recovery, and minimal changes to global tourism strategies, Thailand’s tourism sector could only recover to pre-crisis levels by 2024.
Given that Thailand’s GDP relies significantly on foreign tourism income, the domestic tourism market alone is not sufficient to bring the nation’s tourism revenue back to 2019 figures; the sector’s recovery would depend on a resurgence in international travel (Exhibit 3). Globally, this recovery scenario would likely reshape the landscape of the world’s travel industry and create a strong imperative for both the public and private sectors to act to ensure the industry’s survival.
Thailand has deployed various efforts to compensate for the loss of inbound tourism. Given that for most of the first quarter of 2020, Thailand saw less than 1,000 daily COVID-19 cases nationwide, with cases not rising above 4,000 until November 2020, domestic tourism was still a viable option for travelers. The Thai government’s attempt to boost domestic travel took the form of providing subsidies for hotel stays and flights for travelers. The government also rolled out measures to stimulate international travel to Thailand’s beach destinations and attract high-end travelers from international markets.
In August 2020, the Thai government launched the Rao Tiew Duay Gun (We Travel Together) program, where it set aside a budget of $640 million to help boost domestic tourism. 7 “Thailand approves domestic tourism package worth 22.4 billion baht,” Tourism Authority of Thailand Newsroom, June 17, 2020, tatnews.org.
The government subsidized a total of six million nights of hotel accommodation at 40 percent of normal room rates. The subsidy was capped at 3,000 baht ($100) per night for up to five nights. Subsidies for other services, including food, were capped at 600 baht ($20) per room per night. This subsidy was initially limited to facilities outside tourists’ home provinces, but that restriction was lifted in the second phase of the rollout in December 2020. In addition, domestic tourists traveling by air would qualify for a government refund of 40 percent of the ticket price. This was capped at 1,000 baht ($32) per seat, with a quota of 2 million seats.
The program reached its total quota of six million hotel-room nights in February 2021, seven months after its launch. 8 “FPO reveals the money we travel together, 20,000 million,” Bangkok Business News , January 4, 2021, bangkokbiznews.com; “‘We travel together’ the parade has already reserved 6 million rights. But there are still 1.35 million rights left!” Bangkok Business News , February 8, 2021, bangkokbiznews.com. During that time, at least $1 billion had been added to the Thai economy. 9 “NESDB-TAT has not yet knocked on ‘we travel together, phase 3,’” Thai PBS News , March 16, 2021, news.thaipbs.or.th.
Many operators grasped this opportunity, shifted their focus to the domestic market, and attracted local travelers by promoting flights and hotels in collaboration with the We Travel Together campaign. Destinations that once served mainly international visitors welcomed more local travelers, which has helped their economies wade through this difficult period. Many luxury hotels offered deep discounts and attractive promotions to capture the medium- to high-spend domestic-tourist segment.
These efforts to stimulate domestic travel were temporarily paused as COVID-19 cases reached a new high in July 2021. Domestic air travel in and out of red zones, including Bangkok, was banned during July to September 2021 in response to the nation’s effort to control the spread of the Delta variant. 10 “Domestic flight bans in force,” Bangkok Post , July 21, 2021, bangkokpost.com. Phase three of the We Travel Together campaign was paused during the same period, but resumed in October 2021.
Despite promotional efforts for domestic travel, Thailand’s total revenue from domestic travel still saw a significant dip. The country’s revenue from domestic travel dropped from $34.5 billion to $15.4 billion in 2020. An increase in domestic spending alone would not compensate for the impact of the pandemic on the Thai economy. The country has largely been dependent on international markets, which represented about $62 billion or 60 percent of total tourism spend in 2019. 11 “Tourism statistics 2019,” Ministry of Tourism & Sports, accessed October 2021, mots.go.th.
In response, Thailand launched the “Phuket Sandbox” in July 2021, an effort to recapture demand from international travelers. The initiative offered fully vaccinated travelers (between 14 days and one year before their travel date) exemption from quarantine, provided they remain in Phuket for at least 14 days before traveling to other parts of Thailand. 12 “General information—Phuket Sandbox,” Tourism Authority of Thailand Newsroom, October 1, 2021, tatnews.org. Additionally, travelers’ stay in Phuket was restricted to accommodation establishments that have been certified by the Safety & Health Administration of the Thai government. Visitors staying in Phuket for less than 14 days were permitted to leave Phuket only if their destination was outside of Thailand.
The model hoped to draw visitors during the year-end season in Asia, Europe, and America—all key origin markets for Thailand. Several other reopening plans followed, including the “Samui Plus” and “Andaman Sandbox” plans. 13 “Samui Plus plan to generate B180m,” Bangkok Post , July 18, 2021, bangkokpost.com; “‘Adaman Sandbox’ next on govt agenda,” Bangkok Post , July 21, 2021, bangkokpost.com. Together, the schemes created a network of reopened destinations, which hoped to position Thailand as an attractive destination for international and domestic travelers alike.
The economic uplift from the Phuket Sandbox were moderate. In the period from July 1 to August 31, Phuket welcomed about 26,400 visitors, who were estimated to have spent at least $48.8 million while staying on the resort island (Exhibit 4). 14 “Phuket Sandbox generates B1,634m in two months,” Bangkok Post , September 5, 2021, bangkokpost.com.
A nationwide rise in COVID-19 infection rates in the same period meant that the government had to reconsider social distancing and other measures to minimize risk to visitors.
In any case, Thailand has gathered its learnings from the “sandbox” approach and proceeded to reopen the country to receive international travelers. As of November 1, 2021, the Thai government commenced a phased reopening of the country, allowing fully vaccinated tourists from 63 low-risk countries to visit with one day of quarantine, provided they pass a COVID-19 test upon arrival. The government has also replaced the slow-paced Certificate of Entry (COE) system with the Thailand Pass System, in an effort to make the documentation process of travelers entering Thailand more efficient than the COE application. 15 “Thailand pass,” ThaiEmbassy.com, accessed on November 1, 2021, thaiembassy.com.
The program also expanded the number of provinces open to international visitors to 17, including major tourism destinations such as Bangkok and Chiang Mai. Subject to readiness, additional major provinces are expected to reopen from December 2021 onwards. To ensure visitor safety, some COVID-19 measures remain in place, although most businesses have been allowed to reopen and nighttime curfews have been lifted in almost every province. The reopening has welcomed tourists globally, with top visitors coming from Thailand’s key source markets—the United States, Germany, and the United Kingdom (Exhibit 5).
Pre-COVID-19, China was one of the main contributors to Thailand’s tourism income, accounting for more than 27 percent of 2019 tourism receipts. 16 “Tourism statistics 2019,” Ministry of Tourism & Sports, accessed October 2021, mots.go.th. Given the current prudent approach of the Chinese government toward international travel, the road of return for Chinese visitors to Thailand will be a long one. China’s international-flight seat capacity and passenger numbers remain down by 95 percent compared to pre-COVID-19 levels, and stringent public-health measures for international travel remain in place. Thailand, therefore, needs to reimagine its strategy and try to capture new sources of international travelers in markets where there are more rapid recoveries of international travel demand.
The situation may change rapidly, particularly in these volatile times; closely monitoring the revival of these top source markets, particularly around the country’s stance towards viral control measures, will help industry players plan their recovery efforts and capture untapped value.
Recognizing these shifting traveler trends, and the resilient nature of premium traveler groups, the Thai government is striving to attract “quality” travelers from these source countries. Measures include revisiting and relaxing certain regulations—such as yachting regulations and taxes on personal belongings and luxury goods—to improve and stimulate the premium travel experience.
Taking this a step further, the Thai government is preparing to launch a long-term residence program to attract foreigners to the country through new Long-Term Resident (LTR) visas (up to ten years), tax and investment incentives, foreigners’ residential property ownership relaxations, and more. The program will target four key personas: the wealthy global citizen, the wealthy retiree, the work-from-Thailand professional, and the high-skilled professional. The country’s ambition is to welcome over one million of these target personas and generate over 1 trillion baht in domestic spending in the next five years, beginning in 2022.
Thailand has put innovative measures in place to help its vitally important travel and tourism sector wade through the COVID-19 crisis. As new variants of the coronavirus emerge, health and safety should remain the foremost priority as countries contemplate their travel programs. Once it is safe to do so, there are actions that stakeholders can take to steer into and thrive within the next normal.
Adjust offerings and pricing strategy to meet market needs. Hotels, tour operators, restaurants, and transport providers could look to explore opportunities to offer services and products that meet new travel demands.
Bundle products, such as hotel and flights, offer upselling and cross-selling opportunities as well as a diversified revenue stream.
Travel companies could also devise and deploy targeted pricing strategies to drive long-term loyalty and stickiness for when international travel fully returns. Given the phased reopening of popular provinces in Thailand, and the inclusion of more visitors from select countries on a quarantine-exemption list, travel companies can leverage data on traveler behaviors to set the right prices and conduct targeted campaigns by country of origin and destination.
Explore opportunities within the mass-affluent traveler segment. Focusing on premium travel experiences may be a viable strategy in some markets, but it may have limited impact in Thailand. Given that the top three inbound visitor-spending categories in 2019 were shopping, accommodations, and food, targeting the high-end market would only benefit a small segment of travel companies and would not contribute to the country’s economic recovery across all relevant sectors.
By promoting more differentiated travel experiences and attractions such as ecotourism and cultural tourism, which are naturally location based and sought after by younger mass-affluent travelers, operators could contribute to greater aviation and transportation use in Thailand.
Form partnerships across the travel ecosystem. As a result of the government’s We Travel Together program, which subsidizes travel through a digital redemption mechanism (the Pao Tang app), the country has seen an estimated 30 to 40 million users join and use the platform. 17 Krung Thai Bank equity research, April 2021. This has created an opportunity for domestic consumer data to be collected and analyzed to provide more personalized tourism offerings that consumers are more likely to consider spending on.
Taking this a step further, tour operators, restaurants, and shopping malls might link up, creating a connected ecosystem where a traveler could be strategically engaged through multiple personalized services, products, and loyalty programs along their journeys.
Expand the network of destinations. There is an opportunity to offer travelers a wider variety of destinations in first- and second-tier cities, such as Nakhon Si Thammarat, Chiang Rai, Nakhon Nayok, Ratchaburi, and Loei. These locations have been able to sustain visitor numbers at a relatively low rate of decline, largely due to domestic travelers looking for new places to visit during international travel restrictions.
With a boost in promotion and appropriate infrastructure investment, tourism will not only contribute to the survival of the industry in these cities, but it could also lead to enduring tourist appeal that extends beyond domestic traveler groups, especially with the gradual return of international visitors. For example, the Tourism Authority of Thailand is collaborating with airlines to offer direct flights to alternative second-tier tourism destinations.
Leverage digital to connect, attract, and retain travelers. Travel companies can digitalize the customer journey from check-in through payment, including the provision of maps and information. Traveler preferences can be tracked in real time to design better and more relevant offerings, while digital booking channels can target different customer segments. Digital marketing can also entice visitors to return and to share their experiences on social media.
For instance, the Tourism Council of Thailand is working with Singapore-based IsWhere to deploy a digital-marketing platform for tourism business operators to better connect and engage with a potentially sizeable number of domestic and international travelers; the platform’s prior partnership with a major tech company has enabled it to reach 600 million digital customers worldwide.
Reimagine support needed by industry players. In the short term, industry players would need stimulus, support, and guidance on health and safety policies from the government. In the medium term, small and medium-size players would benefit from the government’s support in adjusting to online travel services and digital marketing, such as a one-stop digital platform to connect industry players with international travelers.
As such, the Tourism Authority of Thailand announced its plan to establish a private digital firm to work on creating a digital infrastructure for tourism, utilize big data in the industry, and potentially introduce blockchain-based e-vouchers and nonfungible tokens to provide tourism operators with more options for reaching travelers online and offline.
In the wake of the COVID-19 pandemic, tourism recovery in Thailand will be gradual and complex and requires varied strategies from both industry and government. As the world eagerly prepares for the eventual revival of international travel, Thailand and other countries can draw important lessons from its experience during this difficult interim period.
Steve Saxon is a partner in McKinsey’s Shenzhen office; Jan Sodprasert is a partner in the Bangkok office, where Voramon Sucharitakul is an associate partner.
The authors wish to thank Margaux Constantin , Kamila Dolinska, Steffen Köpke, Alan Laichareonsup, Jason Li, Georgie Songsantiphap, and Jackey Yu for their contributions to this article.
Related articles.
The Ministry of Tourism of Thailand has published the latest Tourism Statistics for the past year 2021 . As you know, Thailand started the Phuket Sandbox program on 1st July 2021 and later on, on 1st November , started the Test and Go program. Those 2 options allowed tourism to travel back to Thailand.
Feel free to use the search box to find some specific nationality:
▪️ The total of tourists that arrived to Thailand on 2021 was 427,869 people. Far from the 39.9 million of 2019.
▪️ 54% of them arrived in December.
▪️ 75% of them arrived after the Test and Go was approved.
▪️ 58% of them were from Europe.
▪️ Only 13,043 tourist were from China. In 2019 they were 10.9 million.
▪️ 24,899 tourists were from Germany, making it the country’s largest source of visitors, followed by United Kingdom (21,311 pax) and Russia (21,205 pax).
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Let’s face it, one of the main reasons people move to Thailand is because it’s pretty cheap. It's an awesome country, too, of course.
But aside from anecdotal stories, what is the actual cost of living in Thailand?
Well, while housing is very affordable, food items can be pretty expensive, depending on your dietary requirements and whether or not you’re partial to imported foods such as wine, olives and Marmite.
Additionally, branded clothes and beauty products can be pretty expensive too: think Nike (real) trainers and personal care products like skin creams.
Overall, though, Thailand still ranks as one of the cheapest places to live in SE Asia. If you're from Western Europe or the US, Canada, or Australia, you can expect your living expenses to be halved overnight, and in some cases more.
Internet, tv, cell phone, food prices.
Maids & nannies, domestic vacations, money transfer & banking.
Final thoughts & advice, cost of living in thailand.
While Thailand is generally inexpensive, it's worth bearing in mind that the cost of living does vary in different parts of the country.
I live in Bangkok, where housing costs are higher than cities like Chiang Mai in the North, Phuket down South, or Khon Kaen in the Northeast.
Food prices vary too, but not as much as housing.
Generally speaking, things get cheaper the further you stray from tourist and city areas. The more off the beaten track you are the cheaper street food and local produce is. It makes sense, since overheads get more expensive as you get closer to the city.
That said, there is always the exception to the rule. For example, you can find cheaper restaurants in Bangkok than Koh Samui or Phuket, at times. You can find vegetables just as cheap in Pattaya as you can up North, if you know the right markets and sellers.
With that in mind let's explore living costs, so you can get an idea of what it costs to live in Thailand.
I’ll be adding categories and items to this list periodically, but if you want to know the price of a particular item or service in the meantime, please let me know and I’ll do my best to research it for you.
Where I have stated prices for rent and individual items, you can use the currency convertor below to convert from my figures in Baht to your native currency.
Let's start with the cost of housing. Most people who relocate to Thailand start out renting an apartment/condo.
The following condo rental prices are averages based on a pool of property listings for Bangkok, and on condos within walking distance to an MRT/BTS station.
If you plan on living in Chiang Mai or somewhere up North, you can knock about 30 percent off these starting prices. For example, if a condo is 10,000 to rent in Bangkok, you will likely get something similar for 7,000 Baht in Chiang Mai.
Islands like Koh Samui and Phuket tend to be 15-20 percent cheaper. It's not an exact science, though, as certain areas are more affluent than others, and gated communities more expensive than public access developments.
If you're living in rural Isaan, knock off 50% or more off the starting prices seen below.
If you're thinking of buying a condo in Thailand? You'll want to read this first.
The cost of rent in Bangkok is 65% lower than London
Electricity costs less than half that of the US and UK, and likely many European countries. However, while cheap, remember that you will need air conditioning in Thailand, and this can cause your bill to sky-rocket.
It's hard to avoid using air-con at night in the hottest months of the year, but limit it during the day if you can.
For a 1-bedroom condo, with heavy air-con use, you're likely to spend approximately 1,500 Baht per month on electricity. If you live in a house and run 2 or 3 units, you could be looking at 4-6,000 Baht.
Use it conservatively and you will pay half that amount or less.
Water is super-cheap in Thailand. Compare my £40 a month bill in the UK to my 100 Baht a month bill in Thailand :). The equivalent of around £2.
This is great news, because you're likely to have a few showers a day at times.
Your Internet connection bill will depend on whether you live in an apartment, condo or house. In an apartment you may pay to be on an existing shared network. This usually costs around 550 Baht a month.
This comprises the usual 55 Mbps download and 30 Mbps upload speed. In a rented condo or house you will have more choice over your provider, or take on the existing connection. You can upgrade or downgrade this as you see fit. Faster speeds will run you closer to 990 -1,300 Baht per month.
Thailand's Internet is surprisingly very good, and ranks an impressive fourth on the Speedtest Global Index.
You might quickly bore of traditional Thai drama series, in which case you can get an English TV package from 199 Baht per month. Try this one from AIS .
Want sports, including football, baseball, basketball and cricket? Try TrueVision’s Now Gold plan for 999 p/m.
You might want to bundle in your Internet and cell phone with one of these companies, too. That way you'll save a pretty penny on paying for the services separately.
Netflix in Thailand costs 349 Baht per month, but you've likely already got a subscription from back home. Either way, get yourself a reliable VPN so that you can stream shows from your home country, too.
+ Check out my VPN recommendations here
A comprehensive cell phone package can also serve as your Internet access, saving you money on a home connection. You can get an inclusive monthly package, or top up as and when you need.
There are some excellent deals around. Just check out this Dtac all-inclusive deal . Just 900 Baht for 10 Mbps for 90 days.
Drop down to a respectable 4 or 5 Mbps and you're looking at around 500-600 Baht per month. Or, depending on your home Internet and TV requirements, True and AIS both have a variety of bundles, too.
Your food shopping bills will be much cheaper in Thailand. Mine are half what they are in the UK. However, it depends on your eating habits and preferences.
As noted previously, imported goods are expensive. If you want a specific brand of peanut butter, or a certain type of wine from back home, expect to pay a huge lump of import tax on top.
Buying fruit and vegetables from markets can be cheaper than supermarkets.
Do a big shop once a week, if you have a fridge. People tend to nip round to 7-11 for everything, and not only does this result in eating unhealthy snacks all the time, it costs a lot more to live this way.
*Prices sourced from Big C & Topps supermarkets. Please note that as with any country, supermarkets are competitive and pricing varies for different items, albeit by a few Baht.
The cost of food in Bangkok is 44% lower than New York
Here's a few clothing items, so that you can get an idea of international brands vs local brands.
The great thing about Thailand is that you generally wear light clothes, like shorts and t-shirts. The need for trousers, jumpers and jackets is eliminated by the weather, which means you just don't spend much on clothes, unless of course you are fashionista.
As you can see, if you shop for clothes in places like Tesco and local markets, you'll save a pretty penny compared with Western brands. Buying locally from independent shops and markets also supports local people, which is cool.
The cost of clothes in Bangkok is 53% cheaper than Sydney
Getting around Bangkok is very affordable. The BTS and MRT lines cost on average 50 Baht per journey (one way), sometimes less and sometimes more, depending on your journey.
And then there are motorbike taxis, which range from 20-40 Baht, depending on how far you are going.
Buses are the cheapest mode of transport, starting at 10 Baht per journey. However, the journey is usually slow and hot.
Outside of the Big Mango you're going to want your own car. Rental starts from approximately 12,000 Baht per month. Gas wise, you're looking at 1,500 to 2,000 Baht per month; not exactly cheap but half what you'll pay in the West.
A cheaper option is to rent a motorbike. This will set you back somewhere between 1,500 and 3,000 Baht per month, depending on the location. Gas is obviously much cheaper and will set you back 500-700 Baht per month.
The cost of transportation in Bangkok is 37% cheaper than Berlin
The good news is that you might never have to do your own laundry again. It's super affordable to give your laundry to a local shop once a week.
The cost is usually calculated per kilogram. Some services also offer a monthly fee for any amount of items under a certain amount of items, if you get what I mean.
If you find a laundry service in Thailand not too far from your apartment they will deliver too. Or, you can use a locker/delivery service like Washdrop.
Most apartment blocks have coin operated machines too, where you use your own liquid and fabric conditioner. These are shared between residents. These machines may not be maintained that well, though, and you may not always be charmed by the results.
I once got my haircut in Kalasin for 40 Baht. Okay, so I'm bald and only needed a shave down, but he also trimmed my neck hairs and did a little shoulder massage.
In Bangkok, I used to visit a salon in Huay Kwang that charged me 100 Baht. It was worth every penny just for the banter with the ladies in there.
If you do have hair and want some style to it, you're looking at around 200 Baht plus. Prices naturally increase in brand-name salons like Tony & Guy.
For women, expect to pay 200-1,500 Baht, depending on what you need done, be that a wash and blow dry, a trim and straightening/curling, or coloring,.
Good gyms aren't as cheap as some people presume. Expect to pay around 1,250 Baht for a monthly membership that includes access to the gym, showers, and sauna.
Up your membership to 3,000 a month and you will get access to classes. A personal trainer will cost 1,000-2,500 per session, depending on how “posh” the gym is.
Luckily, many apartment/condo blocks have a small gym on site. This will consist of free weights up to around 26kg, a few workout machines, a few running machines, a couple of bikes, a couple of exercise balls, and space to do stretching on mats. It won't be much but it is usually enough for the average person.
Some hotels allow gym public gym membership, too, which is usually cheaper than the branded high street gyms, so check out the nice hotels in your area and see what's on offer.
If you don't mind dripping in sweat, some local parks offer outdoor exercise classes free of charge. There used to be one behind my apartment in Victory Monument. Every day at 5pm without fail, the music would pump and residents would work out to the motivation of a spritely young chap in spandex.
Here's some examples of pricing on common toiletries.
The cost of personal care in Bangkok is 73% cheaper than Bern
Personal care items can be pretty expensive. I can't use any other razors other than the Gillette Mac 3, or the Fuzion series. But this costs me £10 for four blades in Thailand!
Similarly, if you are used to expensive face creams, expect them to be even more expensive here.
Of course there are alternatives, but if there is a particular brand that you can't live without, then you will do well to stock up on it before you arrive. Then, going forward, ask anyone who's visiting you to bring a re-stock.
The great thing about living in Thailand is that you can actually have a social life without being broke. For example, a movie theatre ticket is around 200 Baht, a coffee can cost as little as 30 Baht from a street vendor, or 60-80 Baht in an independent cafe.
Beer costs as little as 60 Baht per bottle!
The cost of entertainment in Bangkok is 39% cheaper than Paris
The trick to saving money on entertainment is to know where you are going and what prices to expect.
Tourists tend to get stung because they are eating out in tourist areas in restaurants known to be expensive.
Also consider that some restaurants are considered more prestigious because they are in an upmarket area or entertain a certain clientele. So avoid the tourist traps and overpriced “hi-so” joints and eat locally.
You'll soon get a handle on scoping out local places that sell the same food and drink as they do in tourist-targeted restaurants and bars at half the price.
You'll also find that Starbucks really isn't much cheaper than it is back home. It is easy to run up $150 worth of lattes in a month. Instead, choose independent coffee shops. These are in abundance in Thailand, and many are really cool places to chill, meet friends, and even work.
You will probably need health insurance.
Of course, you could not take out a plan and instead squirrel away some cash each month in a pot, which will hopefully cover any illness or surgery you need in the future. You'll need to save a fair bit, though.
A hospital visit to see a doctor, with a blood test and a prescription, will set you back 1,500-2,000 Baht. Pretty cheap. However, basic surgery could set you back 50-100,000 Baht. Even a few nights in hospital, at 8,000 a night plus treatments, could end up at 50k.
This considered, a health insurance policy is a good idea.
Depending on your budget, you can go for either international coverage or just local coverage. The former will cover you on trips abroad and when back home, the latter only in Thailand.
+ Get a quote here for international insurance
+ Get a quote here for domestic insurance
There is a cheaper option to private hospitals, and that is a Thai government hospital. You will still have to pay, though. The downside us, the queues are long and staff rarely speak any English. Some of the hospitals are lacking in resource, too. You could be waiting a very long time surgery considered non-urgent, which you may consider to be quite urgent.
More on hospitals/healthcare here.
Up until this point, you're probably thinking how amazingly cheap it is in Thailand. But one thing that isn't cheap, is a private school education.
You probably won't want to put your child in a public school because standards are poor and the first language is Thai, of course.
To achieve a similar education standard to that which you will find in the UK, France, Germany, Sweden, Switzerland, US, and Canada, you will need to pay privately.
In Bangkok, specifically, private school fees can set you back anywhere from 350,000 Baht per year to 1m Baht per year, depending on the school and age of the child.
If you are a teacher and you have secured a job at a private school, the likelihood is that your child will get a place at that school as one of the benefits.
Similarly, if you are relocating to Thailand for a job with a multinational company, particularly a financial firm, they may allocate a subsidy for your child's education.
But for those who are not teaching in a public school, or working for a company that does not provide a subsidy, schooling can be very expensive.
And when it comes to private schools, it isn't just the tuition fees that you have to consider. You must also factor in additional costs such as transport, after-school clubs, school trips, and all the other stuff that comes along with schooling.
So before you plan your move, you need to factor in the cost of education.
You can see a list of private schools in Bangkok and their fees by clicking here .
If you're working full-time you might want to consider a maid, and if you've got kids, a nanny.
You can hire a full or part-time maid or nanny in Thailand. A full-time maid, one who lives in your house, will cook, do laundry and take care of the kids. The monthly salary will depend on her experience and English-speaking proficiency, but the starting rate is around 15,000 Baht.
A part-time maid, whose duties will include cleaning and laundry, will cost around 100-200 Baht per day, for a few hours work.
If you want a high-end super nanny, who can drive to pick up your kids, do their homework with them, read a bedtime story, and do all the house chores, expect to pay upwards of 30k a month, full time.
One thing I love about living in Thailand is that domestic holidays are amazing and cheap. The weather is usually guaranteed, too.
Flying is, of course, the most expensive mode of travel, but even flights are very cheap. The only route that is expensive is Bangkok to Samui, which will set you back 5,000 Baht each way. This is because of a private monopoly on the airport.
If you don't mind the bus, the train, or a minivan, you can visit all over Thailand at prices unrivaled in most countries.
Accommodation is as cheap or expensive as you want it to be. You can stay in hostel for 200 Baht per night, a bungalow for 500 Baht per night, or a 5 star hotel or resort for 6,000 Baht+.
It's up to you!
Transferring money from your bank account back home to a Thai bank account is an additional expense you will incur.
You will have to pay your bank transfer fee and the receiving bank fee (usually 500 Baht).
Worst of all, you will be at the mercy of the bank's exchange rate, which of course is not the real (mid-market) rate but a rate the bank sets themselves.
So on a transfer of $1,000, you might end up with a total of $50 in fees. This really does add up over time.
Fortunately, by using Wise, you can cut out the bank fees and get the real exchange rate.
It's easy to do:
You can send money to anyone, anywhere in the world using this service.
+ Get your first transfer free here
Additionally, you can set up a Wise Borderless account, which means you wouldn't need to use a local Thai bank account , though it is useful to have one.
The Borderless account is perfect for travelers and expats because it lets you hold multiple currencies and spend the money in any country at the local conversion rate.
You can also convert money inside the account too (tip: do this on a favorable currency exchange rate day). You'll pay low conversion fees, and zero transaction fees.
You'll be issued with a debit card, too.
This type of account is also useful for those who get paid in multiple currencies; freelance workers, for example.
So let's say you get paid some money in GBP, USD, or AUD:
You can have this money paid into your Borderless account (give the payee your account number), and then you could convert the money inside the account to Thai Baht, or allow the account to convert it into Thai Baht as you spend on your debit card.
With the debit card, you can spend anywhere in the world at the real exchange rate.
+ Get a Borderless Account Here
From my own expenses living in Bangkok, I’d say that presuming you enjoy an average standard of living in Europe or the US, Canada or Australia, you will need the following amount(s) to maintain that standard in Thailand:
This includes rent, food, Internet access, gym membership, and going out socializing once/twice a week.
If you plan on living up country somewhere, you may be able to shave as much as 30-50% off these amounts.
If you plan on living in Koh Samui or Phuket, then you can expect to spend about 10-15% less, depending on your drinking habits.
In my experience, you pay less rent on the islands, but eating can be a tad more expensive and you tend to spend more on socializing.
I haven’t lived in Chiang Mai for some time, but when I did I found rent to be about 30% cheaper than Bangkok.
I map out my expenses by working out what’s required for my family to be happy, healthy, and enjoy a convenient life.
For example: We live within walking distance of the MRT (train) station, and have the luxury of a cheap restaurant on site at our condo block.
Being able to walk to the station will save you money on taxis. Having cheap food options, with just a phone-call downstairs, is very handy.
Our apartment is a few stops outside of central Bangkok. The money we save on not being so central allows us to take regular holidays in decent hotels.
I don’t drink or smoke anymore, so I save money on buying beer and smokes. I am able to invest this money in having good food at home, which is where a lot of my money goes.
I used to spend 1,500 Baht a month on gym membership. I now use the gym in my building and run in the park when it is cool enough.
I have a wife and a daughter, so I pay medical insurance and life insurance, but you might say this is paid in part by money I saved from giving up my gym membership.
It's about finding a balance that works for you.
Work out what’s important to you: What are your “must haves” and “can do withouts”.
If you’re retired with a tidy pension and savings account, then keeping a tight ship might not be on your agenda.
On the other hand, if you have kids or other dependents that will need a nest egg when you walk through the pearly gates, it makes sense to be smart with your money.
It’s also worth bearing in mind that other expenses do pop up here and there, so you’ll need to make provision for these.
Consider things like:
So make sure you have some back up savings for emergencies.
Find out what visa you will need to travel/live in Thailand
If you’re reading this and thinking, “Man, I thought Thailand was a lot cheaper”, don’t let these numbers put you off.
If you don’t mind living in a 27 Sq.m studio apartment, traveling that little bit further into town and aren’t fussed about eating street food and generally living frugally, you can get by on 30-35, 000 Baht per month.
There are many teachers living in Thailand on such a salary.
If you’re smart, you can make cut backs by doing things like buying an Internet phone package and tethering to your computer to save money on home WIFI.
You can buy fruit in bulk from the market instead of buying daily from stalls, or choose to take public transport instead of taxis.
There’s always ways to save money and, at the end of the day, many Thai people live reasonably well on a salary of 20-30,000 Baht.
——-
Think I'm way off the mark?
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How do these prices stack up to what you pay in your home country?
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Sunday, 02 Jun 2024
‘education is more than just exams’, intervention can reduce spm candidate dropouts, says deputy education minister.
Novel solution: Tey’s 3D metal printer uses a proprietary formulation to print articles from stainless steel, alumina, copper and silicone without the need for high-energy enclosures.
Researchers at the Universiti Tunku Abdul Rahman (UTAR) Faculty of Engineering and Science will soon release a three-dimensional (3D) metal printer that is cheaper, smaller, and easier to use compared to what’s available in the market today.
The novel innovation, due to its compact size, will take up less floor space and cost only a third of the price of 3D metal printers in the market, said UTAR mechanical and materials engineering assistant professor Dr Tey Jing Yuen.
Dubbed Me+ (material extrusion plus), the UTAR project is a collaboration with Solid Labs Sdn Bhd, which Tey co-founded in 2016 with Dr Bryan Cheong, a local chemical solutions entrepreneur.
Unlike high-energy cost printers that require the mixing of a dry powder with lasers in an enclosed environment, Me+ mixes a slurry of viscous liquid using a proprietary binder solution that can be done at room temperature – a method that results in much lower energy use.
More sustainable
Generally, an object or an article can be manufactured in two ways: subtractive manufacturing and additive manufacturing (AM).
In subtractive manufacturing, layers are “subtracted” from a solid block of material through processes such as lathe, milling and wire cut.
Introduced in the late 1980s, AM, popularly known as 3D printing, is the opposite. Feedstock of build material is deposited through a nozzle and “added” layer by layer using different printing methods.
Historically, 3D metal printing utilises three principal techniques: binder jetting, powder bed fusion and directed energy deposition. Powder bed fusion, the most prevalent, employs sophisticated lasers to melt and mould metal, making it ideal for crafting intricate parts with precise details, Tey explained.
This method, however, is costly and there are significant safety concerns due to the use of intense lasers. The method requires an isolated environment equipped with a cooling mechanism to manage the hazardous metal powder. The metal powder used in this process must be handled with strict care, and extensive cleaning and finishing are required in the post-printing stage.
“Not all of the powder can be recycled, leading to increased costs and unit manufacturing expenses. These unfavourable factors have limited its commercialisation, confining its application to specialised sectors like aerospace, automotive and medical industries,” Tey said, adding that the patent for Me+, which promises a more sustainable and efficient approach to metal printing, has been filed in Malaysia, the United States, Europe, China, Indonesia, Japan, Korea, Singapore, Thailand and India.
Cheaper alternative
As similar machines could cost upwards of US$300,000 (RM1.4mil), Tey said his team hopes to make 3D metal printing accessible to more Malaysian companies.
The project, he added, is aligned with the National Policy on Industry 4.0 (Industry4WRD), which is aimed at improving product performances through smart manufacturing, and transforming the manufacturing sector and related services in Malaysia through Industry 4.0 applications and technologies.
AM has been designated as one of the 11 pillars of Industry 4.0 outlined under this national strategy.
As a researcher, Tey said he found that prototyping new parts for various industrial purposes is a cost-prohibitive venture for many smaller companies in Malaysia.
For instance, heat treatment for prototyping at the parts fabrication stage in Malaysia is more expensive than outsourcing the work to Japan and shipping it back.
“In fact, Japan can assure much better quality whereas the parts fabrication here needs a few trials to get it right.
“It gave me an impetus to find a solution so that companies don’t have to fork out so much money to do machining,” he said.
Greater efficiency
While conventional fabrication to prototype a part can take two to three weeks, Tey hopes Me+ will be able to shorten the period to three days.
“It only takes one person to order the material and program the software to do it,” he said, adding that Me+ is compatible with various materials such as silicone, ceramic or metal.
“To date, we have successfully developed printed articles from stainless steel, alumina, copper and silicone print materials on a single platform.
“What sets this method apart is its potential to significantly reduce capital expenditure and provide a cost-effective solution for the end user.
“It operates with a slurry paste composed of binder and metal powder, and functions at ambient temperatures.
“Once printed, the components undergo a conventional thermal treatment, including thermal debinding and sintering, to prepare them for use.
“With zero powder material wastage, there is also no tedious cleanup,” he said in an interview at the UTAR Sungai Long campus.
According to Tey, 3D printing has taken off in Malaysia but metal printing has not caught on due to costs, infrastructure, energy requirements and the steep learning curve involved.
“Our lab is planning to incorporate artificial intelligence to monitor the printing process.
“This will definitely optimise the performance of the 3D printing object and help to generate a quality control report,” he added.
Tags / Keywords: education , UTAR , 3D printer , engineering , Solid Labs
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Annual value of expenditure of outbound tourists on passenger transport in thailand from 2010 to 2021 (in billion u.s. dollars).
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COMMENTS
10'000 THB - 300 USD. Total: 68'200 THB - 2'060 USD. While this is budget to mid-range in estimates you get really good value for money, eating well, good accommodation, and just enough of visiting places and activities. For the average drinker and room to budge with cash - 3'000 USD would provide a great holiday.
A two week trip to Thailand on average costs around $1,138 (฿41,704) for one person and $2,276 (฿83,408) for two people. This cost includes accommodation, food, local transportation, and sightseeing. Please note, prices can vary based on your travel style, speed, and other variables. If you're traveling as a family of three or four people ...
Book a one-hour Thai massage, or maybe throw in a full-day scuba-diving trip. Stay in affordable hotel rooms and eat a wide range of foods that include cheap street food and some nice restaurant meals. An average day may look like this: Budget double room in a hotel: 22 USD. Lunch in a restaurant: 6 USD.
All prices in this guide are given in USD. Thailand's currency is the Thai Baht (THB). As of April 2022, 1 USD = 35.03 Thai Baht. I've created a handy table for you below that outlines the cost of a trip to Thailand day-to-day, and over a two-week period. You'll see that 2 weeks in Thailand cost very little!
We estimate a 2-week trip through Thailand will cost you between $42 and $688, depending on your travel style (from super cheap to more of a flashpacker style). If we assume using HotelsCombined will save you an average of 7.5% on your accommodation budget, that's savings of between $3 (a free night in Thailand) and $52 (a nice meal out or an ...
A few things are taken into account: country of residence, how long the trip is, where you are going, type of coverage and your age. Average Travel Insurance Cost for Two; from the USA; to Thailand; 40 and 43 years old. For One Week: $140 - $220. For Two Weeks: $156 - $282. For One Month: $232 - $410.
To give you a better understanding of the prices and expenses for travelling in Thailand, here is a rough break down of the daily budget of under THB 1000 a day. Accommodation - THB 200 to THB 400 per night for a dorm room or per person sharing. Food - a simple meal in a restaurant with a drink - THB 140. Street food and a drink - THB 60.
I recommend 3-star or mid-range hotels to individuals who desire a private room and bathroom. The nightly rates range from 1400 - 2500 baht. However, most hotel costs in Bangkok already include two adults per room. So, for a couple traveling together, the typical cost per person at a 3-star hotel is 700-1250 baht.
Prices run from around USD$1 for a dish like vegetarian pad thai, to $3 for a soup with beverage and rice, or $6 for fresh fish. Where Thailand gets expensive is alcoholic beverages. In Laos and Cambodia, beer runs about USD$1. In Thailand, however, $3 and higher per drink is quite typical.
Day 1-3: Phuket. Day 1: Arrive in Phuket, check-in to your chosen accommodation. We highly recommend the Arinara Beach Resort in Bang Tao Beach. Bang Tao is a very laid back town with good restaurants. Day 2: Explore Patong Beach and visit Old Phuket Town. Only 30 min. from Patong Beach to Old Phuket Town.
Food Budget in Phuket Average Daily Costs. Calculated from travelers like you. While meal prices in Phuket can vary, the average cost of food in Phuket is $22 (฿796) per day. Based on the spending habits of previous travelers, when dining out an average meal in Phuket should cost around $8.69 (฿318) per person.
Total value of tourist's expenditures in Thailand from 2017 to 2021 (in billion Thai baht) [Graph], Ministry of Tourism and Sports (Thailand), September 25, 2023. [Online].
Annual value of expenditure on travels of outbound tourists in Thailand from 2010 to 2021 (in billion U.S. dollars) [Graph], World Tourism Organization (UN Tourism), October 14, 2022. [Online].
Asia / Thailand / Bangkok /. Visitors to Bangkok usually spend between $28 and $213 per day on average for one person and $57 to $425 for two people. While this is a wide range, the average daily cost averages $76 (฿2,783) per person. This average includes sightseeing, hotel, food, and local transportation expenses from other travelers.
The country's revenue from domestic travel dropped from $34.5 billion to $15.4 billion in 2020. An increase in domestic spending alone would not compensate for the impact of the pandemic on the Thai economy. The country has largely been dependent on international markets, which represented about $62 billion or 60 percent of total tourism ...
The Ministry of Tourism of Thailand has published the latest Tourism Statistics for the past year 2021.As you know, Thailand started the Phuket Sandbox program on 1st July 2021 and later on, on 1st November, started the Test and Go program.Those 2 options allowed tourism to travel back to Thailand. Thailand Tourism Statistics for 2021
Share of travel and tourism expenditure in the Netherlands 2019-2022, by tourist type; ... Top five travel destinations Thailand 2018, by revenue generated from tourism sector;
Leisure activity budget in Phuket. On average, budget for leisure activities in Phuket is 46% cheaper than in the United States (USA). Cinema. $ 8.2/ticket. ($ 6.6 to $ 9.6) 41% less than in the United States (USA) Average price in the United States (USA): $ 15.
World Tourism Organization (UN Tourism), Annual value of expenditure of inbound tourists on personal trips in Thailand from 2010 to 2021 (in billion U.S. dollars) Statista, https://www.statista ...
If you're living in rural Isaan, knock off 50% or more off the starting prices seen below. Modern 2 Bed 2 Bath Condo, 65 Sq. m (central Bangkok) - ฿40-45,000. Modern 2 Bed 1 Bath 65 Sq. m (4 stops to central - ฿17-20,000. Modern 1 bed, 50 Sq. m (central Bangkok) - ฿30-35,000. Modern 1 bed, 40 Sq. m (4 stops to central - ฿12-20,000.
Sunday, 02 Jun 2024. Novel solution: Tey's 3D metal printer uses a proprietary formulation to print articles from stainless steel, alumina, copper and silicone without the need for high-energy ...
Top five travel destinations Thailand 2018, by revenue generated from tourism sector ... Total value of tourist's expenditure in Thailand in 2019, by region of origin (in billion Thai baht) [Graph ...
Average daily expenditure of outbound tourists in Thailand from 2010 to 2019 (in U.S. dollars) [Graph], World Tourism Organization (UN Tourism), October 14, 2022. [Online].
Annual value of expenditure of outbound tourists on passenger transport in Thailand from 2010 to 2021 (in billion U.S. dollars) [Graph], World Tourism Organization (UN Tourism), October 14, 2022 ...