The desired effect according to some articles is to speed up Thailand’s tourism recovery.
Most tourists only get a yearly 30 day vacation, many even less. Vacations are generally planned months in advance. I doubt very seriously that these extensions will have the desired effect of keeping tourists for a bit longer.
In the past visa extensions done through visa runs mainly benefited an estimated million 'permanent tourists' who did not otherwise qualify. Many of them workers without proper permits. A more sensible approach would be to legitimize those workers. It would most likely stabilize the foreign teacher pool among other benefits
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