Tourism
Thai bank forecasts 23 million Chinese tourists in Thailand by 2030
Chinese tourism to Thailand could increase more than twofold during the next 10 years according to Krung Thai Bank Research Center.
Krung Thai Bank Research Center predicted that in the next 10 years, Chinese tourists will increase by 6.9% per year on average, reflecting the increase of purchasing power of the Chinese middle class.
Growing from 160 million in 2019 to 334 million in 2030 worldwide due to increased purchasing power, Chinese visitors to Thailand should then reach 23 million by 2030 making Thailand the number one destination for tourists from China.
“The changing population structure will create around 33 million new Chinese tourists, with most Chinese tourists aged less than 35 years old, able to access information online and able to travel on their own. “
Dr. Phacharaphon Nantharamat, Senior Director of Krungthai COMPASS Research Center
Chinese tourism to Thailand could increase more than twofold in the next 10 years given that statistics over the last year show that around 11 million Chinese visited Thailand.
Source : Krung Thai Bank
Tourism
Thailand faces zero tourists, zero revenue situation
Thailand has effectively closed its doors to non-resident foreigners under a state of emergency that came into force on Thursday (March 26), bringing down tourist entries close to nil.
Data released by the Bank of Thailand shows that tourism is now down from 100 000 to just 1,800 daily entries.
(more…)Tourism
Emirates suspends all passenger operations
Emirates retains cargo operations, but temporarily suspends passenger operations by 25 March
- Emirates retains cargo operations, but temporarily suspends passenger operations by 25 March
- dnata significantly reduces operations, including temporary closure of operations at some international locations where demand is low
- Group implements basic salary reduction for majority of employees for three months, will not cut jobs
- Supports government measures to safeguard community health
Tourism
COVID-19 could cut 30 million jobs in the tourism industry in Asia
The coronavirus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year, Asia being the most affected continent
- The World Travel and Tourism Council has warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.
- Asia is expected to be the worst affected.
- Once the outbreak is over, it could take up to 10 months for the industry to recover.
- The tourism industry currently accounts for 10% of global GDP.
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