Thai officials predict 35-40 million international arrivals in 2024, following a period of lower tourism numbers. Tourism is a crucial industry for Thailand, contributing 12% of the nation’s GDP. The expected influx of tourists in 2024 will drive demand for rental properties and new developments in tourist-centric areas like Pattaya. This surge in tourism will positively impact the real estate market, as investors and developers respond to the increased need for accommodations and services.