Introduction
Located amidst a booming region, Thailand boasts one of the fastest growing
Economies in Southeast Asia. Known as the "Land of Smiles," Thailand has
Enjoyed an abundance of good fortune as both domestic and foreign businesses
rush to invest. From 1988 to 1994, Thailand's Gross Domestic Product (GDP)
grew at an average rate of 10%, and Thailand hopes to maintain a similar
level of growth into the twenty-first century. Thailand has transformed from
a traditionally agrarian economy to one focused on capital-intensive
manufacturing, with an emphasis on promotion of advanced technology.
The volume of tourists coming to Thailand may not compare to the 27 to 50
million people travelling to France, Italy or Spain every year. Yet, when
compared to other high-volume tourist destinations around the world, the
growth and development of the tourism industry in Thailand is impressive.
Egypt receives approximately 2.6 million tourists per year, while India
annually draws in approximately 1.8 million tourists.
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