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Thailand’s tourism industry lost more than US$150 million

Aishwarya Gupta

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Due to the protracted protests of the anti-government Red Shirts, Thailand in April has already lost over 100,000 tourist visitors and around more than Bt5 billion (US$156 million) in revenues, according to Tourism Authority of Thailand (TAT) estimates.

According to TAT Governor Surapol Sawetseranee, if the demonstrations continue, even peacefully but with political impact, Thailand’s tourist income in the third quarter will entirely vanish and the country will have to hope for a recovery in the final quarter, which is normally the country’s high season for tourism.

via Thailand’s tourism industry losses reach US$150 million.

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