The prolonged demonstrations of the United Front of Democracy Against Dictatorship (UDD) is expected to have adverse effects on the Thai economy, according to Deputy Prime Minister of Economic Affairs, Trairong Suwannakhiri.
A dampened tourism climate is expected for this year’s Songkran Festival, due to lowered tourism confidence as a result of the current political situation and constant bombing attacks, said Mr Trairong.
Based on his recent trips to the North and Northeast, Mr Trairong expects tourism figures to decrease this year, compared to last year, especially in Chiang Mai, where lively Songkran celebrations usually take place.
Trip cancellations have resulted in low hotel occupancy rates and air bookings. Tourism revenue this year can potentially contract by 4.7% if the political situation remains unsolved.