Core Insights - Thailand's tourism sector has seen a decline in foreign tourist arrivals, with 24.11 million visitors recorded in the first nine months of the year, representing a 7.5% decrease compared to the same period last year [1] Factors Contributing to Decline - The decline in tourist numbers is attributed to several factors, including the appreciation of the Thai Baht, a slowdown in the global economy, and increased competition from neighboring countries' tourism industries [1]