Hyperinflation is a phenomenon characterized by a rapid and excessive increase in the general price level of goods and services within an economy. This leads to a sharp decline in the purchasing power of the currency, causing widespread economic instability and hardship for the population. While hyperinflation can have devastating effects on various aspects of society, one critical area that is often significantly impacted is the health department or healthcare institutions within a country.
Thailand is a country known for its stunning landscapes, vibrant culture, and warm hospitality. It's no surprise that it has become a popular destination among tourists from all over the world. As a result, the hotel industry in Thailand has experienced tremendous growth over the years. In recognition of its booming tourism sector, the World Tourism Organization (WTO) has acknowledged Thailand's efforts in providing exceptional hospitality services. Let's take a closer look at Thailand's hotel industry and the recognition it has received from the WTO.