BANGKOK (Reuters) -Thailand’s cabinet has approved new incentives to boost domestic tourism, a finance ministry official said on Tuesday, as the government tries to revive a sluggish economy.
The steps, which include tax deductions for domestic travel and hotel renovations, are part of a series of stimulus measures aimed at lifting economic growth above 2.2% this year.
Southeast Asia’s second-largest economy grew 2.5% last year, lagging peers.
(Reporting by Orathai Sriring and Panarat Thepgumpanat; Editing by David Stanway)
