Thai Times

Covering the Thai Renaissance
Monday, Dec 08, 2025

Thai business leaders back swift 'Quick Win' reforms to accelerate growth

Retail, property and tourism sectors present immediate measures that could boost spending, investment and confidence before year-end
Thailand’s retail, property and tourism sectors have outlined a series of 'Quick Win' reforms designed to deliver rapid economic momentum, expressing confidence that Prime Minister Anutin Charnvirakul’s government can unlock growth opportunities in the months ahead.

Nat Wongpanich, president of the Thai Retailers Association, emphasized that the retail sector, valued at over four trillion baht, is ready to expand consumption through enhanced spending schemes, including doubling daily limits under the Khon La Khreung programme and broadening the Easy e-Receipt initiative to circulate more than one hundred billion baht into the economy.

Tourism leaders are urging new incentives to strengthen Thailand’s position as a shopping and leisure hub, from reducing lifestyle import duties to extending visas for high-spending visitors, alongside rapid VAT refunds.

Property associations, noting the sector’s role in contributing 8–12% of GDP and supporting over one million jobs, see fee reductions and lower interest rates as powerful tools to accelerate transactions and clear inventory, with the upcoming Home and Condo Expo positioned as a launchpad for renewed buyer confidence.

The Thai Hotels Association has called for stronger safety assurances, expanded Chinese engagement, and targeted support for cross-border and domestic travel, arguing that these steps can lift year-end arrivals and sustain momentum into 2026.

With coordinated action across these industries, Thailand is positioned not only to stabilise in the short term but also to project a stronger economic outlook built on rising consumer confidence, revitalised property markets, and expanding tourism flows.
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