Led by a 30% increase in visitor arrivals from China and a 17% growth from India, the Thai tourism industry has recorded total international arrivals of 13.7 million in January-April 2018, up 13.9% over the same period of 2017.
Mr. Pongpanu Svetarundra, Permanent Secretary, Ministry of Tourism and Sports announced at a press briefing that the total visitors in January-April generated an estimated 730.7 billion Baht in tourism income, up 17.55% from the same period of 2017.
In April alone, international visitor arrivals totalled 3,092,725, up by 9.38% over the same period of 2017. The top ten source markets were China, Malaysia, Lao PDR., Russia, India, Japan, Korea, Vietnam, the United States and the United Kingdom, respectively.
China, Thailand’s top source market, recorded a total of 4,161,253, up by 30.56%.
The other top sources of arrivals were Malaysia (1.14 million), Korea (617,287) and Japan (552,330).
Here is a summary of the key results for January – April 2018:
Overview: All regions grew well except the Middle East. Visitors from East Asia totalled 8,894,642 (+17.50%), Europe 3,006,525 (+9.75%), the Americas 599,431 (+3.55%), South Asia 607,379 (+15.18%), Oceania 296,741 (+0.26%), the Middle East 237,322 (-6.75%), and Africa 59,371 (+7.11%).
East Asia: East Asian visitor arrivals comprise the biggest market share of all visitors. A total of 8.89 million or 64.91% were from East Asian countries.
China up 30% with 4 million visitors in 4 months
China, Thailand’s top source market, recorded a total of 4,161,253, up by 30.56%. The other top sources of arrivals were Malaysia (1.14 million), Korea (617,287) and Japan (552,330).
The ASEAN countries generated over 3.02 million arrivals, with spectacular growth by Cambodia (+25.10%), Lao PDR. (+13.24%), Vietnam (+6.48%), the Philippines (+5.77%), Singapore (+4.43%), Indonesia (+3.73%), and Malaysia (+1.58%). The only declines were from Brunei (-9.19%) and Myanmar (-3.07%).
Europe: European visitors showed a good growth rate of 9.75% to 3 million. Russia retained its status as the largest source market from Europe with arrivals of 745,398, up 25%. Germany was the second highest source market with a total of 386,951, up 7.73%, followed by the United Kingdom 371,054 up 0.44% and France 342,825, up 3.70%.
Strong growth was also reported from East Europe (+13.95%) and Austria (+18.70%), Denmark (+7.99%), Finland (+7.96%), Italy (+7.68%), the Netherlands (+7.03%) except Sweden declined by 2.26%.
The Americas: Arrivals from the Americas were up 3.55% to 599,431. The main market, USA, rose by 7% to 396,330. Arrivals from Canada were up 10.36% to 113,881. Declining source markets from Latin America included Brazil (20.28%) and Argentina (-25.71%).
South Asia: Arrivals from South Asia grew by a strong 15.18% to 607,379. India topped the list with arrivals up by 16.91% to 481,573. Other source markets, which generated growth in arrivals, included Bangladesh (+19.37%), Pakistan (+2.74%) and Sri Lanka (+1.27%). Only Nepal was down -0.42%.
Oceania: Arrivals from Oceania grew by 0.26% to 296,741 visitors. Australian visitors were up 0.03% to 261,496. Arrivals from New Zealand were up 1.82% to 34,133.
Middle East: Arrivals declined by 6.75% to 237,322. Declining source markets included the UAE, Saudi Arabia and Egypt. However, some source markets were up; such as, Kuwait (+7.67% to 22,089).
Africa: Arrivals from Africa grew by 7.11% to 59,371.
Sony to shift smartphone plant to Thailand
Sony’s share of the smartphone market has fallen sharply in recent years
BEIJING/TOKYO, March 28 (Reuters) – Sony Corp will close its smartphone plant in Beijing in the next few days, a company spokesman said, as the Japanese electronics giant aims to cut costs in the loss-making business.
Sony will shift production to its plant in Thailand in a bid to halve costs and turn the smartphone business profitable in the year from April 2020, the spokesman said on Thursday.
The decision to scale back its smartphone workforce, which could see up to 2,000 of the total 4,000 jobs cut by March 2020, is part of a move to reduce fixed costs in the business, and also includes procurement reform.
Sony’s share of the smartphone market has fallen sharply in recent years — from more than 3% in 2010, according to the research portal Statistica — to less than 1% currently.
It has struggled to compete against leaders Apple, Samsung Electronics and Huawei Technologies, all of which are racing to develop new 5G devices.
Sony’s smartphone business was one of the few weak spots in its otherwise robust earnings, bracing for a loss of 95 billion yen ($863 million) for this financial year. ($1 = 110.1200 yen).
How will Thailand’s election affect China?
China’s investment in Thailand will not be affected much by the result of the general election.
According to Chang Xiang a researcher at the Thai-Chinese Strategic Research Center at the National Research Council of Thailand, China’s investment in Thailand will not be affected much by the result of the general election.(more…)
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