Data released by the Bank of Thailand shows that tourism is now down from 100 000 to just 1,800 daily entries.
Thailand has effectively closed its doors to non-resident foreigners wanting to enter the country under a state of emergency that comes into force on Thursday (March 26).
Only some groups of people will be allowed to enter and exit the country and only the prime minister and responsible authorities will be authorised to open the borders in special cases.
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 and Asia being the most affected continent, the World Travel and Tourism Council has said.
This impact would depend on how long the epidemic lasts and could still be exacerbated by recent restrictive measures, such as those taken by the U.S. administration on travel to Europe, WTTC’s managing director Virginia Messina told Reuters.
From zero dollar tour to zero booking
Arrivals booked by the Association of Thai Travel Agents dropped 99% from China and 71% overall for the first ten days of February compared with the same period last year, reports Reuters.
The sharp plunge in tourism income intensifies the pressure on Thailand’s economy, which already felt a squeeze on exports, severe drought in the rural areas, budget delay and from the strong baht.
Economy to shrink by 5.3 per cent in 2020
Due to the coronavirus (COVID-19) outbreak, the Thai economy would contract significantly in 2020 and headline inflation would become negative, said the Bank of Thailand in a Press Release.
The Committee viewed that the Thai economy would markedly contract in 2020 as tourist figures and merchandise exports were severely affected by the COVID-19 outbreak, the slowdown of trading partner economies, and supply chain disruptions in many countries.
Thailand confirms Phuket’s reopening date of July 1st
The Tourism Authority of Thailand (TAT) will proceed with its plans to reopen the resort island of Phuket to international visitors, without compulsory quarantine, starting July 1st
Will Thailand’s plan for quarantine-free tourism set a global trend?
According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key tourism destinations – Krabi, Phang Nga, Surat Thani (Ko Samui), Chonburi (Pattaya) and Chiang Mai – from October 1.
Subscribe via Email
Thai Government Orders 20 Million Doses of Pfizer COVID-19 Vaccine
The ministry will have a month to negotiate with Pfizer, while the company must send documents to register the vaccine...
Vaccine shortage could derail Thailand’s economic recovery
As much of the Asia-Pacific region is gearing up for a 2022 reopening and recovery, Thailand is now lagging behind...
Thailand’s Consumer Confidence Hits new Record Low in May
The University of the Thai Chamber of Commerce (UTCC) has reported that Thailand's Consumer Confidence Index (CCI) for May fell...
The future of rail travel in Thailand
Hua Lamphong is, for many people, a beloved representation of rail travel in Thailand. However, there is a significant upgrade...
Thailand Calls for Lifting of Intellectual Property Protection on COVID-19 Vaccines
Thailand will push for COVID-19 vaccines to be removed from intellectual property protection lists, as per the Trade-Related Aspects of...