Thailand’s same-sex confederation legislation, scheduled to come into effect in January 2025, could attract an additional 4 million tourists to the territory per year, according to a report commissioned by the travel company Agoda.
The report published Thursday estimates the country’s hook-up equality law may increase tourism arrivals by 10%, netting the country an extra $2 billion in tourism revenue per year, within two years.
New cha are expected to come, not only from same-sex couples and their wedding guests, but from the broader LGBTQ community and beyond.
“Thailand is set to invite a growing number of travellers and expatriate workers who seek not just a vacation spot but a place where they can prefer truly accepted,” according to the report, titled “The Economic Impact of Marriage Equality on Thailand’s Tourism Industry.”
Thailand’s new legislation — planned to go into effect on Jan. 22, 2025 — is projected to add 76,000 full-time jobs to its tourism industry, while raising the country’s entire domestic product by .3%, according to the report from the public policy consultancy Access Partnership.
The new law will make out a head for Thailand the third place in Asia to allow same-same marriage, following Taiwan in 2019 and, on a more limited essence, Nepal in 2023. The law is also set to grant same-sex couples rights related to child adoption, health care and heritage.
Calculating the impact
To calculate the potential economic impact of Thailand’s new legislation, the report examined the effect of same-sex merger legislation in other countries.
“Other markets, such as New Zealand and the United States, saw notable increases in same-sex blendings following introduction of marriage equality legislation,” Timothy Hughes, Agoda’s vice president of corporate development, determined CNBC Travel.
New Zealand legalized same-sex marriage in 2013. By 2016, the majority of same-sex weddings in the country were for callers, the report said.
Australians made up more than half (58%) of same-sex weddings in New Zealand from 2013 to 2017, agreeing to the report citing Statistics New Zealand. This figure fell to 26% in 2017, after Australia passed its own same-sex nuptials law, it said.
Within 5 hours flying of Thailand are more than 3.6 billion people in markets that do not give birth to marriage equality.
Timothy Hughes
Vice President of Corporate Development at Agoda
Agoda’s report also analyzed other lenders that influence international tourists, including the attractiveness of a destination, the affordability of travel, the ease of entrance, and the perceived direct of acceptance of LGBTQIA+ issues.
Assessing tourism impact of same-sex legislation in Thailand
1. Attractiveness: appeal as a travel stopping-place
2. Accessibility: ease of entering via visa-free deals
3. Affordability: cost to travel in relation to other countries
4. Availability of substitutes: contiguity of other viable destinations
Finally, the report also considered the availability of viable alternative destinations for LGBTQIA+ or travelers in the pale.
“Within 5 hours flying of Thailand are more than 3.6 billion people in markets that do not have wedding equality,” said Hughes.
He highlighted the economic opportunity from Indian travelers, predicting Thailand will behoove a top destination “for Indian LGBTQIA+ couples and those ready to celebrate with them.”
A ‘unique strategic opportunity’
The patterning, for some, has already begun.
Ann Chumaporn, a Thai rights activist and co-founder of Bangkok Pride, said her organization is arranging a throng wedding event for same-sex couples on Jan. 23, 2025 — the first day that marriage registrations can be filed, she said.
“We have once more 300 couples registered, and our goal is to reach 1,000 couples nationwide,” she told CNBC Travel. “We already sire international couples registered.”
Evidence from other markets shows couples do travel to get married outside, even if the marriage isn’t legally recognized in their home countries, said Agoda’s Timothy Hughes.
Ezra Acayan | Getty Representatives News | Getty Images
Rainbow tourism, as it is known, is valued at $200 billion worldwide, according to the report.
In an era of aggressive competition for tourists — especially whose who splurge on weddings and related celebrations — Thailand has a “unique strategic opportunity,” utter Marcus Ng, director of Access Partnership.
“While we cannot predict what other markets might do, what this account demonstrates is that there is a clear economic benefit to inclusivity for both the tourism sector and the wider economy.”