Foreign visitor arrivals to Thailand are estimated at 13.6 million, down nearly 7% from 14.6 million last year, due largely to local political strife and the global recession, according to the latest forecast by the Pacific Asia Travel Association (Pata).
Pata chairwoman Phornsiri Manoharn said political havoc in April and periodic protests were to blame for the slump of foreign arrivals to Thailand this year.
According to a former governor of the Tourism Authority of Thailand (TAT), foreign visitors remain concerned over their safety travelling in Thailand and have shifted to safer destinations.
Wary Chinese tourists in particular, who were expected to flood to Thailand this year, changed their destination to Taiwan.
Pata projected foreign visitors to Thailand in 2010 would grow by 4% to 14.1 million. The best case is 14.3 million or a 6% increase from this year’s estimate.
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment
With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
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