© Marco Bottigelli | Moment | Getty ImagesThailand's tourism recovery is poised for recovery as diplomatic relations with Saudi Arabia normalize and Chinese tourists return, according to American-born hotel tycoon William Heinecke. "We've seen the recovery of all Saudi tourism into Thailand. Now there's two flights a day from Saudi direct to Thailand," Heinecke, who is chairman of Thai hospitality company Minor International, said on the sidelines of the Forbes Global CEO Conference in Singapore. Return of Chinese tourists? Additionally, Heinecke said he expects Thailand to benefit when Chinese tourism is back in full swing.

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Persons: Marco Bottigelli, William Heinecke, We've, Heinecke, Prayut Chan, Mohammad bin Salman Organizations: Minor International, Forbes Global, Conference, Thai, Saudi Arabia's Crown, Minor, Emirates, Qatar Airways Locations: Thailand, Saudi Arabia, American, Saudi, Singapore, Eastern Europe, Russia, Ukraine, China