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.
TAT cut estimate for tourism arrivals to 33 million in 2020
Thailand’s previously-robust tourism industry may lose between 6 to 10 million visitors in 2020 due to Covid-19 slowdown
Tourism Authority of Thailand (TAT) cut its estimate for international arrivals to 33 million in 2020, while tourism businesses have been knocked hard by the Covid-19 spreading around the world.(more…)
Tourist arrivals plunge 43% on Chinese travel drought
Coronavirus crisis is keeping Thailand’s top vacation spenders away with a 85% decline in Chinese visitors in the first week of February.
Thailand’s tourism at risk with China virus
Chinese holidaymakers spent almost $18 billion in Thailand last year, more than a quarter of all foreign tourism receipts, government data show.
Foreign tourist arrivals hit a record 39.8 million last year after a rise of 7% to 38.2 million in 2018, but the 41 million target set by the TAT may be difficult to reach as mainland China tours are now prohibited from selling trips abroad.(more…)
APRIL International Care opens up TeleHEALTH service to address Coronavirus worries
The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a...
Thailand rolls out New Investment Measures to Boost Economy
The new definition of qualified applicants now includes businesses that have not previously received BOI promotion privileges as long as...
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...