The 10 % advert valorem tax on native rice wine varieties may also be eliminated. In 2023, Thailand recorded revenue of 3.6 trillion baht from 28 million international tourists. For 2024, the country anticipates a rise in tourist numbers to 35 million, with eight.2 million visa-free travellers expected from China. $ in millionsQ4 2020Q4 2019% changeFY 2020FY 2019% changeRevenue$512$801%$1,637$3,151%Adjusted EBITDA$115$222%$121$756%Margin22%28%7%24%Vacation Ownership income decreased 36% to $512 million within the fourth quarter. Gross VOI sales decreased 52% to $281 million with excursions 64% decrease year-over-year. Fourth quarter adjusted EBITDA was $115 million, compared to $222 million in the prior 12 months.
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