tourism

Still, rate cuts can’t address structural issues, such as Thailand’s fading export competitiveness and lower tourism, the deputy governor said.

Eleven of 12 economists polled by The Wall Street Journal had predicted another move lower in October, citing continued economic weakness amid higher U.S. tariffs and lackluster tourism—a key growth driver.

“You’re going to a place where it just does not have tourism,” he said.

Now, longevity companies are exploring investments in the state in a moonshot bid to make it a medical tourism hub.

State officials in Kentucky also helped foster the industry’s growth by modifying the bourbon barrel tax regulations and modernizing tourism and retail laws.