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Tourism Trauma and COVID-19

Costa Rica, Greece, Morocco, Portugal, and Thailand could be among the hardest hit with losses in tourism proceeds exceeding 3 percent of GDP, according to the IMF’s recently released 2020 External Sector Report.

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A deserted taxi station at Bangkok Suvarnabhumi international airport

Pandemic-related lockdowns, flight cancellations, and border closures may be putting a crimp on summer vacation plans. However, the precipitous drop in tourism will have an outsized impact on countries that rely on foreign travelers—with potentially large-scale effects on their economies’ national accounts.

Costa Rica, Greece, Morocco, Portugal, and Thailand could be among the hardest hit with losses in tourism proceeds exceeding 3 percent of GDP, according to the IMF’s recently released 2020 External Sector Report.

The chart calculates direct tourism impacts on imports, exports, and current account balances under a scenario that envisions gradual reopenings in September, but a drop of about 70 percent in tourism receipts and international tourism arrivals in 2020.

A country’s current account balance is a measure of its total transactions—which includes but is not limited to trade in goods and services—with the rest of the world. For some economies, a drop in tourism (which is considered an export) could have an impact on overall current account balances.

For example, in Thailand, a decrease in tourism due to COVID-19 could bring the country’s overall exports down by 8 percentage points of GDP and have a direct net impact of about 6 percentage points of GDP on its current account balance in 2020. That could erode part of the 7 percent overall current account surplus the country had in 2019.

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Tourism

‘SHA Plus’ certificate awarded to more tourism businesses in Phuket

The Amazing Thailand SHA certification is an important safety net in Thailand during the ongoing COVID-19 pandemic, providing peace-of-mind to everyone as it covers mixed used establishments that cater to all walks of life.

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‘SHA Plus’ certificate awarded to more tourism businesses in Phuket

The Tourism Authority of Thailand (TAT) today presented the Amazing Thailand Safety and Health Administration (SHA) Plus Certificate to more tourism businesses in Phuket, following the first ‘SHA Plus’ certificate presentation held in Phuket on 12 June, 2021.

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Tourism

Thailand COVID-19 Situation as of 2 July 2021

TAT would like to recommend all to take DMHTT precautions to prevent the spread of COVID-19: D – Distancing, M – Mask wearing, H – Handwashing, T – Temperature check, and T – Thai Chana contact tracing application.

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COVID-19 Daily Vaccinations

Total number of COVID-19 vaccine doses administered: 10,227,183

  • Total number of people who have received 1 dose: 7,364,585
  • Total number of people who have received 2 doses: 2,862,598

Number of COVID-19 vaccine doses administered today: +299,485

· Number of people who have received the first dose: +253,731

· Number of people who have received the second dose: +45,754

COVID-19 Daily Situation

Total Cases: 270,921

New Cases: +6,087 Daily Cases: 5,880 & From Prisons: 207)

Receiving Medical Treatment: 54,440

Recovered: 214,340

Deaths: 2,141

TAT would like to recommend all to take DMHTT precautions to prevent the spread of COVID-19: D – Distancing, M – Mask wearing, H – Handwashing, T – Temperature check, and T – Thai Chana contact tracing application. 

TAT is constantly providing updates on the tourism-related COVID-19 situation in Thailand at the TAT Newsroom (www.tatnews.org); Facebook (tatnews.org); and Twitter (Tatnews_Org).

For additional information and assistance relating to Thailand’s tourism, contact the TAT Contact Centre 1672 or Tourist Police 1155.

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