TAT latest: Tourism set for 9% rise in third quarter - yearly expectations to be met

[sunnyboy2018]

16 hours ago, londonthai said:

in June there was only 0.8% increase on last year, so how be possible 7% increase in July and the next 2 months? September was always the least busy month of year because of the pick of the rainy season and possible floods

September kicks off festival season with the 9 day festival in Phuket, closely followed by  various other events including the Naga fireballs in Nongkai, the Surin Elephant round up, the Lopburi monkey feast plus a whole host of other events.These festivals make Thailand such a brilliant place to explore whatever the season.

[Inn Between]

Thank goodness for the TAT. Once again, they come to the rescue. It's hard to imagine where Thailand would be without them. Would the county even exist?

 

T(all) A(sinine) T(ales)

[Zamboni Bangkok]

The bank of Thailand does not control the price of baht.  

 

That clip says in some countries, the central bank DOES set the exchange rate. LOS must be one of those or why else would their funny money be so strong? A strong baht must hurt exports massively because it would cost more for other countries to buy Thai goods. So what is the reason for keeping it propped up? Is it the Thai mentality... same same increasing beer prices when business is down? Extrapolate freely to lodging, food, handicrafts, massages, etc.

 

 

[HeyHeyHey]

49 minutes ago, sunnyboy2018 said:

September kicks off festival season with the 9 day festival in Phuket, closely followed by  various other events including the Naga fireballs in Nongkai, the Surin Elephant round up, the Lopburi monkey feast plus a whole host of other events.These festivals make Thailand such a brilliant place to explore whatever the season.

Really?

 

Monkey feast?

 

Elephant round up?

 

Naga fireballs?

 

THAT should steal the millions from Creamfields, Tomorrowland, Defqon.1 or Burning Man?

 

I understand these are different dates, but people don't have unlimited budget and holiday days so they plan how to use their time and finances to the best.

[dimitriv]

11 hours ago, ExpatOilWorker said:

Good point, but AOT have 81 million passengers in 2018 and since you get counted both on arrival and departure, it is no to far off the 38 million, except of course the AOT numbers also include Thais traveling abroad.

 

https://www.airportthai.co.th/wp-content/uploads/2019/05/Annual-Airport-2018.pdf

 

 

And nearly all flights on Don Mueang airport are domestic flights. So 65 million left.  Transit 638,000 passengers, maybe they are counted double again if they connect to Chiang Mai or Phuket? Chiang Mai, Puket and most airports in Thailand also have a lot of domestic flights. A part are Thai people travelling, maybe 10 million?  So 55 million arrivals and departures left in the most optimistic case =  27.5 million tourists. Not close to "over 40M “tourist” arrivals in 2018"

 

Unless tourists come by land, bus, boat ?

 

[dimitriv]

6 hours ago, ExpatOilWorker said:

The 25 million is only for Swampy. Add DM, Phuket, CM, CR, Hat Yai and you have just above 40 million international arrivals.

 

 

Are these stats for total number of persons, or is it about international arrivals ?   I think most airports other than Suvarnabhumi are mainly for domestic flights. 

[Balance]

19 hours ago, Just1Voice said:

I want some of whatever they are smoking!

I think that this is mushroom level hallucinations.

[alfalfa19]

as Ralph Cramden would say:  "Har de Har Har!"

[hotchilli]

I see he's had the adjustment training already !

[jerojero]

Well put!

555555555555555555555555555

[marcusarelus]

4 hours ago, Zamboni Bangkok said:

The bank of Thailand does not control the price of baht.  

 

 

That clip says in some countries, the central bank DOES set the exchange rate. LOS must be one of those or why else would their funny money be so strong? A strong baht must hurt exports massively because it would cost more for other countries to buy Thai goods. So what is the reason for keeping it propped up? Is it the Thai mentality... same same increasing beer prices when business is down? Extrapolate freely to lodging, food, handicrafts, massages, etc.

 

 

The baht was floated and it's value determined in a free market since 1997.  The Central bank does not set the value of the baht.  

[nkg]

10 hours ago, marcusarelus said:

The bank of Thailand does not control the price of baht.  

 

Of course the Bank of Thailand controls the price of the Baht against other currencies! They're the sodding Central Bank! It's their job to control the price of the Baht! Who else do you think might fulfill that particular role??

 

 

 

 

 

[marcusarelus]

6 minutes ago, nkg said:

 

Of course the Bank of Thailand controls the price of the Baht against other currencies! They're the sodding Central Bank! It's their job to control the price of the Baht! Who else do you think might fulfill that particular role??

Thailand uses a managed-float exchange rate regime by which the value of the baht is determined by market forces, allowing the currency to move in line with economic fundamentals.

 

The crisis started in Thailand (known in Thailand as the Tom Yum Goongcrisis; Thai: วิกฤตต้มยำกุ้ง) with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar.

 

Google,  Asian financial crisis 1997.  For more information.

 

The Central bank used to control the baht until 1997.  

[ExpatOilWorker]

5 hours ago, dimitriv said:

 

Are these stats for total number of persons, or is it about international arrivals ?   I think most airports other than Suvarnabhumi are mainly for domestic flights. 

81 million international (arrival + departure)

59 million domestic (arrival + departure)

[nkg]

37 minutes ago, marcusarelus said:

Thailand uses a managed-float exchange rate regime by which the value of the baht is determined by market forces, allowing the currency to move in line with economic fundamentals.

 

The crisis started in Thailand (known in Thailand as the Tom Yum Goongcrisis; Thai: วิกฤตต้มยำกุ้ง) with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar.

 

Google,  Asian financial crisis 1997.  For more information.

 

The Central bank used to control the baht until 1997.  

 

Yes, I know all about that. Really. The text that you quoted to me is all copied from Wikipedia. Perhaps next time you should quote them rather than pretend that you said it yourself.

 

 

 

 

 

 

 

[DrTuner]

14 hours ago, marcusarelus said:

I think the figures are in here.  https://www.airportthai.co.th/wp-content/uploads/2018/07/Annual-Airport-2017.pdf

 

The transit movement seem quite small, more like 3% but it's getting late.  

I would think that transit figure is when you stay airside. If you arrive on one airline and have a connecting flight on another one where they don't load your bags automatically, you have to do immigration in/out and be counted as embarkment. No idea how common that is, but BKK is a bit of a hub.

[4MyEgo]

On 7/29/2019 at 12:25 PM, webfact said:

He said that trends showed that Thai and foreign tourists would be spending a whopping 820 billion baht in the third quarter (July to September) - 9% up on the same period last year. 

 

The Minister shied away after being asked by a journalist if this information came from his fortune teller ????

[Mavideol]

maybe TAT included "the"" rich Indians in their estimates 555

Indians Caught Stealing Red-Handed By Hotel Staff In Bali

[marcusarelus]

5 hours ago, nkg said:

 

Yes, I know all about that. Really. The text that you quoted to me is all copied from Wikipedia. Perhaps next time you should quote them rather than pretend that you said it yourself.

If you know the Bank of Thailand does note control the baht and is not responsible for the last three days of the pound tanking because of a no deal brexit why would you write, " Of course the Bank of Thailand controls the price of the Baht against other currencies! They're the sodding Central Bank!"

 

Unless those little Thai banking gnomes are in London getting people elected.  

 

Isn't it about time to admit that the UK gov are killing expats and not Thailand.  !.  They wrecked your currency and 2. They pulled the income letters.  Nothing to do with Thailand at all.  The blame is squarely on the shoulders of the UK.  

[nkg]

4 hours ago, marcusarelus said:

If you know the Bank of Thailand does note control the baht and is not responsible for the last three days of the pound tanking because of a no deal brexit why would you write, " Of course the Bank of Thailand controls the price of the Baht against other currencies! They're the sodding Central Bank!"

 

Unless those little Thai banking gnomes are in London getting people elected.  

 

Isn't it about time to admit that the UK gov are killing expats and not Thailand.  !.  They wrecked your currency and 2. They pulled the income letters.  Nothing to do with Thailand at all.  The blame is squarely on the shoulders of the UK.  

 

 

The baht is strong against all major currencies. I'll post this again to demonstrate:

 

Here's a list of the 10 most traded currencies in the world:

 

https://www.ig.com/uk/trading-strategies/the-top-ten-most-traded-currencies-in-the-world-180904

 

Since December 1st 2018:

 

USD fell 5.28% against the THB
EUR fell 6.32% against the THB
JPY fell 0.89% against the THB
GBP fell 6.73% against the THB
AUD fell 10.9% against the THB
CAD fell 5.84% against the THB
CHF fell 5.46% against the THB
CNY fell 4.5% against the THB
SEK fell 9.49% against the THB
NZD fell 10.06% against the THB

 

All 10 of the world's biggest currencies fell against the baht. Brexit really must have hurt the USA, Europe, Japan, Australia, Canada, Switzerland, China, Sweden and New Zealand :(

 

Or maybe there's another explanation.

 

The Thai baht gained strength against all major currencies since December 2018.

 

[StayinThailand2much]

Masters of telling fairy tales: Brothers Grimm, and TAT...

[smudger1951]

The appartment block I stayed in Pattaya was all but empty of western farang this last two months. It's the same everywhere.

[wotsdermatter]

Is this TIT for TAT.

'nuf sed

[jabis]

On 7/30/2019 at 5:45 PM, nkg said:

 

 

The baht is strong against all major currencies. I'll post this again to demonstrate:

 

Here's a list of the 10 most traded currencies in the world:

 

https://www.ig.com/uk/trading-strategies/the-top-ten-most-traded-currencies-in-the-world-180904

 

Since December 1st 2018:

 

USD fell 5.28% against the THB
EUR fell 6.32% against the THB
JPY fell 0.89% against the THB
GBP fell 6.73% against the THB
AUD fell 10.9% against the THB
CAD fell 5.84% against the THB
CHF fell 5.46% against the THB
CNY fell 4.5% against the THB
SEK fell 9.49% against the THB
NZD fell 10.06% against the THB

 

All 10 of the world's biggest currencies fell against the baht. Brexit really must have hurt the USA, Europe, Japan, Australia, Canada, Switzerland, China, Sweden and New Zealand ????

 

Or maybe there's another explanation.

 

The Thai baht gained strength against all major currencies since December 2018.

 

Tho fair comparison would be against ASEAN nations' currencies, where THB has been gaining strength while neighbours try to devalue to gain competence. Malaysia vs Thailand would be a fair comparison, where THB has gained more than 10% since 2015, of which I'd recall last 2% during last year - and I'd say malay ringgit is a more stable currency than teflon Thailand during last years?

[balo]

Yes it's the Chinese invasion, for every 1000 westerners leaving, 10000 Chinese arrive. 

[donnacha]

On 7/29/2019 at 8:13 PM, Zamboni Bangkok said:

That clip says in some countries, the central bank DOES set the exchange rate. LOS must be one of those or why else would their funny money be so strong?

The people here saying that the Bank of Thailand does not control the value of the baht because it is traded on open markets do not understand basic economics.

The BOT sets the interest rate which directly affects the value that international traders assign to the baht. A currency becomes more valuable on an open market if it promises a higher return and traders believe that to be a credible promise that outweighs the other risks. Most countries use interest rates as a lever to regulate their economies, usually reducing them to lower the value of their currency and increase their international competitiveness.

The difference in Thailand is that the needs of the elites, and not the long-term health of the economy as a whole, are the primary concern.

If your corporation has accumulated trillions of baht and you want to go on an international spending spree, the interest rate goes up.

If you are a selfless public servant who has successfully carried out a coup to "return happiness to the nation" and now needs to transfer a few billion baht to Switzerland at a favorable rate, the interest rate goes up.

All this happens regardless of the damage a strengthened baht might do to exports, tourism, and the jobs or regular Thais.

 

[thirdleg]

3 minutes ago, donnacha said:

They set the interest rate which directly affects the value that international traders assign to the baht. Most countries use that lever to regulate their economies, usually reducing interest to lower the value of their currency and increase their international competitiveness.

The difference in Thailand is that the needs of the elites are the primary concern.

If your corporation has accumulated trillions of baht and you want to go on an international spending spree, the interest rate goes up.

If you are a selfless public servant who has successfully carried out a coup and now needs to bank a few billion baht in Switzerland at a favorable rate, the interest rate goes up.

All this happens regardless of the damage a strengthened baht might do to exports, tourism, and the jobs or regular Thais.

Also there is no reason to have 200 billion foreign reserves, other than to manipulate the currency for a handful of Thais

There are members of the BOT who want to use that money for infrastructure but they are being heavily suppressed.

 

Wonder why!!??

[mikebell]

'Amusing Thailand' is the new TAT slogan.

[actonion]

Don't you get tired of reading T.A.T 's crap 

[lamyai3]

On 7/30/2019 at 5:45 PM, nkg said:

Since December 1st 2018:

 

USD fell 5.28% against the THB
EUR fell 6.32% against the THB
JPY fell 0.89% against the THB
GBP fell 6.73% against the THB
AUD fell 10.9% against the THB
CAD fell 5.84% against the THB
CHF fell 5.46% against the THB
CNY fell 4.5% against the THB
SEK fell 9.49% against the THB
NZD fell 10.06% against the THB

Not sure when these percentages were calculated - for the UK the percentage drop is close to 12% (~42 to 37). Otherwise though, the baht is indeed strengthening against mostly everything, not least the yuan and the rupee of the tourists they're trying to woo.