Thailand scores top marks in ‘Best Business Country Rankings’ report

TAT Newsroom July 25, 2018

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The Kingdom also receives high rankings for Adventure Tourism and Best Countries to Travel Alone

Bangkok, 25 July, 2018 – Thailand came in first in the recent ‘Best Countries to Start a Business Rankings’ of the ‘2018 Best Countries Rankings Report’, marking the second consecutive year it took home top honours. (click to see the report)

The Report also recognises Thailand as the 27^th ranked country overall in regards for doing business.

Tourism Authority of Thailand (TAT) Governor Mr. Yuthasak Supasorn thanked all involved for publishing the Report and for all the constructive feedback from respondents.

“Thailand has made immense progress in doing business reforms over the past few years, due to strong government leadership at the highest levels,” Mr Yuthasak, said. “With its 27^th place ranking overall, Thailand continues to rise against other countries globally in the ease of doing business. It is a great achievement, and we look forward to continuing improvement as it helps create more jobs in the travel and tourism sectors.”

Thailand ranked fourth overall in the Adventure Rankings with the study claiming each visitor spends US$ 1,530 on tourism during a trip to Thailand. Other top ten accolade including placing sixth in the Movers Ranking, eight in the Heritage Rankings while coming in ninth in the Best Countries to Travel Alone ranking.

In the top twenty, the Kingdom placed 15^th in the report’s Open for Business rankings, 19^th in the Cultural Influence rankings, and 20^th for the Best Countries for a Comfortable Retirement ranking.

Rounding out the most important rankings, Thailand also came in 30^th in the Quality of Life rankings.

The 2018 Best Countries Rankings, formed in partnership with global marketing communications company Y&R’s brand strategy firm, BAV Group, and the Wharton School of the University of Pennsylvania, are based on a survey that asked more than 21,000 people from four regions to associate 80 countries with specific characteristics.