Pattaya's golden times are over: Bar and salon owner packing up as uncertain future looms

[tomauasia]

All rorters are bad business operators. She had a plum location. Probably descent girls. But couldn't save a  buck because a bad seed. Probably a online gambler as well.

[KMartinHandyman]

They’ll be back overnight like mosquitoes at 5pm when the word spreads somebody’s making one satang in pattaya one of these days. 

[amdy2206]

The golden times have been over for a long time. Compared to 10 years ago, Pattaya is, and has, nothing.

[portlandtree]

7 hours ago, Susco said:

 

And she still couldn't save a little to overcome a 1 - 2 month lockdown?

exactly most thai's don't save a baht even the well off more you get more they spend

[Almer]

8 hours ago, Susco said:

 

And she still couldn't save a little to overcome a 1 - 2 month lockdown?

Save ?

[Lacessit]

I'm just wondering how the farangs with a teerak who persuaded them to buy a bar are getting on. Might be ruing their decision more than ever.

[Almer]

No business sense only greed and gold

[Iforbach]

Well it still what u make of it n prefer here in Pat's than home ..plus,to b honest I couldn't live back home on my $$$$ ...what every do ..good luck ...to u all 

[steven100]

I heard she's booked a cruise and is off to the Bahamas for a year

[Isaan sailor]

Bring the Baht down 20% vs western currencies.  You’ll see businesses large and small come roaring back.

[Leaver]

8 minutes ago, Isaan sailor said:

Bring the Baht down 20% vs western currencies.  You’ll see businesses large and small come roaring back.

When? 

 

How will they get to Thailand? 

 

When will the planes start flying?  Will airlines price gouge?

 

When will the boarders be opened up in their home country? 

 

Will tourists have to do 2 weeks quarantine in their home country after their holiday?  

 

More variables come in to play than just currency exchange.  

[Burma Bill]

Quote:-

 

"Now the staff have gone back to their villages"

 

Oh really! I thought Pattaya was in lock-down. If this is true, then the possibility of spreading the virus out into the "sticks"!

[Krataiboy]

Wonderful opportunity for Pattaya's ruling junta to fulfil their vision of turning Sin City into a family resort. Once, that is, they've found a way to stop the beach from eroding into a sea with all the watersports appeal of an open sewer.

[CGW]

Just now, Leaver said:

I have no doubt some will.  

I have no doubt "some" will either, just as I have no doubt the social divide will grow even more in Thailand this year when the rich get richer by snapping up the choice lots, but the Chinese are not going to buy all as the OP stated!

[Isaan sailor]

8 minutes ago, CGW said:

You have lost me there, why on earth would that happen? The world is decimated, (by design IMO) we haven't ever started seeing the outcome of stopping peoples livelihoods and removing there freedom yet by the biggest Psych operation the world has ever, seen all currencies are screwed, the Petro dollar is finished, yet Thai business will thrive, why?

When economies return to normal—and it will take a while—western countries will look to diversify their imports so they won’t be so dependent on China.  It will take time.  If Thailand has an uncompetitive currency and a military-based government—they will lose to lower cost, stable exporting countries.

And do you really think China wants to import more from Thailand, than they export?  You’ve seen what they’ve done to the Mekong.  And the South China Sea. This is not a benevolent neighbor.

[essox essox]

8 hours ago, Titan1962 said:

Not a bad little profit 1,300,000 a month less operating expenses.

say 1 million a month profit after expenses. 12 million a year x 4 years + 48 million baht. She should have enough to see her out.

save for a rainy day comes to mind.....but they not do in Thailand DO THEY???

[ukrules]

8 hours ago, ChipButty said:

I have seen lots of landlords still want the same rent

Of course they do, it's in the contract, don't pay and you're out.

[CGW]

7 minutes ago, Isaan sailor said:

When economies return to normal—and it will take a while—western countries will look to diversify their imports so they won’t be so dependent on China.  It will take time.  If Thailand has an uncompetitive currency and a military-based government—they will lose to lower cost, stable exporting countries.

And do you really think China wants to import more from Thailand, than they export?  You’ve seen what they’ve done to the Mekong.  And the South China Sea. This is not a benevolent neighbor.

I understand what you are getting at - But! dependant on China? none of the traditional "western" industries were forced to move to China, China was chosen by the "Globalists" to be the world's factory - ever wondered why?

Depending on the outcome of the current ongoing agenda? do you see the same globalists no longer wielding the same power, or will countries regain power over there own fate?

A certain Mr Trump who the MSM detest was the only western leader that was trying to get away from China, the rest were quite content, not one other "President" made any attempt to diminish the power of the "Chinese, to such an extent, that with a good imagination you could think it was in their favour to keep quite!

its complex, if it was a free and competitive world the few percent on ex rate may had made a difference at one time, those days may well just be memories????

[gamesgplayemail]

Maybe locals will understand how foreigners living here are precious ❤️

Maybe a good lesson for all the idiots only relying on tourists and especially chinese or russian.

 

 

[CGW]

15 minutes ago, gamesgplayemail said:

Maybe locals will understand how foreigners living here are precious ❤️

I hope they remain judgemental! deciding on the individual as there are some real Dick's here full of their own self worth! ????

[IAMHERE]

9 hours ago, JohnOFphon said:

All of these failed business will be snapped up by the Chinese. 

For a fraction of what they would of sold for pre Chinese virus.

 

Part of their over all plan more than likely. Those guys are inscrutable for sure.

[fourpack]

????????????????????

A post by a so called reporter

Designed for one response and one response only.

It has done what it set out to do. Reporting in the lowest sense of the word.

 

[Magenta408]

Pattaya was sinking in its cesspool well before the WuFlu. Well before. 

[kingdong]

9 hours ago, Susco said:

 

And she still couldn't save a little to overcome a 1 - 2 month lockdown?

Do you honestly think Thailand's tourist industry will resume at the end of the Thai lockdown period?the rest of the world  remains in lockdown, airlines not flying,and the West in recession be a while.

[brokenbone]

after government and police respectively has taken their unfair share,

who knows what her profit was, also she named the top earning months,

this fluctuates wildly.

there is no turn in sight, she made a good decision and

had it set up so she could quit by her own account

Edited April 29, 2020 by brokenbone

[Susco]

1 minute ago, kingdong said:

Do you honestly think Thailand's tourist industry will resume at the end of the Thai lockdown period?the rest of the world  remains in lockdown, airlines not flying,and the West in recession be a while.

I don't have a crystal ball, but I know that several countries are easing restrictions already.

 

Most of the restrictions issued were also actually a panic reaction, and can be removed as quickly as they were put in place.

 

The crisis is still young, and much has still to be uncovered.

 

If the airlines will fly again soon is to be seen but in the west, especially in Europe,  people have savings and get currently get compensated for sitting at home, so if the planes fly they will come.

 

 

[Leaver]

1 hour ago, CGW said:

I have no doubt "some" will either, just as I have no doubt the social divide will grow even more in Thailand this year when the rich get richer by snapping up the choice lots, but the Chinese are not going to buy all as the OP stated!

No, the Chinese will not do to Pattaya like they did to Sihanoukville, but for sure the Chinese will buy some establishments.  Perhaps, some well known establishments.  

[sucit]

Sounds good to me. Put a respectable business in there and build the city back up to something it never was. 

[Leaver]

7 minutes ago, Susco said:

Most of the restrictions issued were also actually a panic reaction, and can be removed as quickly as they were put in place.

I think you will find international travel is not one of the restrictions that can be / will be lifted soon, and if it was, there may be a 2 week forced quarantine upon returning. 

 

Would you want to be detained for 2 weeks, just for having a 2 week holiday in Thailand?   

[tonboy]

10 hours ago, Titan1962 said:

Not a bad little profit 1,300,000 a month less operating expenses.

say 1 million a month profit after expenses. 12 million a year x 4 years + 48 million baht. She should have enough to see her out.

your calculation is incorrect.
First of all the rent, which is likely to be 200.000 baht a month
The bar ladies do get 30-50% of the turnover in drinks, so lets say 400.000 bath.
Pay the police another 100.000 thb at least
The purchase of the liquor itself 25% , so about 300000 thb.
My guess is she takes home between 200k and 300K a month.
She will have to pay off her new car, her house, her life insurance and so on. 80 K
Ok, so left 150K a month

how long is this gonna take. the only way to save money is to stop now and indeed perhaps restart in a few years, after the market has recovered.