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The operating performance of businesses across Thailand’s air transport industry is expected to continue improving

Thai sea freight services are expected to experience steady growth from 2025 to 2027, partly due to Thailand’s expansion into new export markets, the rise of e-commerce, government infrastructure development projects that integrate logistics networks, and the extension of transport links connecting Thailand to neighboring countrie

Business conditions will slowly improve for airlines over the three years from 2021 to 2023, helped by the rebound in the global economy and world trade. In addition, the increasingly widespread rollout of COVID-19 vaccines will also feed into a steady reopening of national borders, and with an easing of travel restrictions, demand for domestic and international air travel will strengthen. However, the need to step up investments to meet higher health and safety standards that are both being set by the global airline industry and imposed by the changed post-crisis environment will place a heavier financial burden on operators, and carriers that are on a liquidity crunch, operate only a limited number of routes or have a restricted market share will run the risk of facing a cash-flow crunch and of being forced out of business.

The airline industry can look forward to solid rates of growth in 2023-2025. Both domestic and international passenger numbers will rise in step with overall recovery in the tourism sector, while on the freight side of the industry, the volume of cargo moved by air will be boosted by the post-pandemic rebound in economic activity. In addition, price competition would be intensifying amid expenses from business rehabilitation, while costs tend to increase in line with higher energy prices.

The airline industry should see conditions return to their pre-COVID state by 2025, helped by an improving outlook for the global economy,On the domestic front, the Thai economy will benefit from the ongoing rebound in the tourism sector, while the government will help to maintain growth trends by rolling out stimulus measures targeting high-potential consumer groups including long-term residents, the elderly, those traveling in support of their personal wellness, competitors in sports competition

The road transport industry can expect to see average annual growth of 2.0-3.0% over 2024 to 2026. Demand for transport services will be boosted by the gradual improvement in the outlook for investment, manufacturing and trade, as well as ongoing growth in the tourism sector.

In 2019-2021, the road transport business is likely to grow 1-2% per year, driven by the growth of the manufacturing sector

The COVID-19 originated in Wuhan, one of China’s largest cities and a major domestic transport hub. In January

Mass transit services are a relatively stable and solid structure than other services because they are typically in the form of public-private partnerships providing a necessary public utility. Moving forward, income should grow as demand for public transport partly displaces use of private vehicles, a process that will be accelerated by the expansion of integrated rail transport networks. Alongside this, demand will be further lifted by the fading of the COVID-19 pandemic, which is bringing with it recovery in domestic and international tourist markets and in social and economic activity more broadly.