BANGKOK -- Thailand is working toward making a 40 billion baht ($1.23 billion) bid to host a Formula 1 racing event in hopes of reigniting tourism, a crucial industry for one of Southeast Asia's largest economies.
Sports
Thailand bids on F1 race in effort to jump-start tourism
Government eyes 2028 event as foreign arrivals slump in crucial sector
Formula 1 racing has the potential to boost tourism numbers in countries where it is held. © Reuters
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