Tourism faces Bt1.78-trillion slump in revenue in 2020

By The Nation

 

Phiphat Ratchakitprakarn

 

Tourism revenue saw a steep plunge during the first five months of this year, down Bt752 billion year on year while the number of tourists dropped by more than 10 million people compared to the same period of 2019, the Ministry of Tourism and Sports said.

 

The ministry expects tourism revenue this year to drop by Bt1.78 trillion compared to 2019.

 

Minister of Tourism and Sports Phiphat Ratchakitprakarn said that after the government announced the state of emergency to contain the spread of Covid-19 on March 26, no foreign tourists had come to Thailand, adding the state of emergency would be effective until June 30.

 

"During the first five months of this year, the number of foreign tourists visiting Thailand was 6.69 million, down 10.02 million, or 59.97 per cent year on year, while the revenue from foreign tourists was Bt332 billion, down Bt489 billion or 59.57 per cent year on year," he said.

 

"Meanwhile, the number of Thai tourists was 40.15 million, down 55.88 million or 58.19 per cent year on year, while the revenue from Thai tourists was Bt191 billion, down Bt263 billion or 57.86 per cent year on year."

 

He expected tourism revenue this year to amount to Bt1.23 trillion, down Bt1.78 trillion or 60 per cent year on year.

 

"Tourism revenue in the previous year was Bt3.01 trillion, of which Bt1.93 trillion came from 39.79 million foreign tourists and Bt1.08 trillion came from 166.84 million Thai tourists," he said.

 

He said that there was some positive sentiment from the government's move to allow department stores, restaurants, and stores to reopen, as well as allowing people to travel across provinces.

 

"Thai AirAsia, Nok Air, Thai Lion Air, Thai Vietjet Air, and Bangkok Airways are operating on many routes," he said. "Meanwhile, the State Railway of Thailand is operating 84 routes across the province."

 

He added that in May alone, the number of Thai tourists was 570,000, down 97 per cent year on year, but better than the previous month when it dropped by 99.32 per cent.

 

Source: https://www.nationthailand.com/news/30389443

 

-- © Copyright The Nation Thailand 2020-06-11

 

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I wonder if this news will have any effect on the rising baht ?

.... or TAT's figures ????

Talk about a rabbit in the headlights, he looks a bit desperate doesn't he?

 

I wonder if the reality is settling in. It's over - all over - and no amount of made up statistics will change it. 

 

The goose is dead, and a significant amount of the blame is at their feet.

A govt stimulus package should fix this, nudge nudge, !  

I am doing my part in Bangkok right now. But I am only one man and there is only so much I can do. 

The OP a surprising touch of realism and brutal honesty - a rarity in Thailand 

 

CV-19 impact for sure but the strong baht is also a critical factor

7 hours ago, herfiehandbag said:

he looks a bit desperate doesn't he?

It´s just happy self

Edited June 11, 20206 yr by Matzzon

Could still even be worse than his numbers yet.  Still; the Teflon Baht will keep rising and do even more overall damage to the economy but they just don't 'get it' do they !

16 minutes ago, trainman34014 said:

Could still even be worse than his numbers yet.  Still; the Teflon Baht will keep rising and do even more overall damage to the economy but they just don't 'get it' do they !

Neither do you. There's a limit to what they can do with the baht.

19 hours ago, keith101 said:

I wonder if this news will have any effect on the rising baht ?

NO. It only moves in one direction

11 hours ago, Traubert said:

Neither do you. There's a limit to what they can do with the baht.

Seems there is no obvious limit

It is not "During the first five months of this year, the number of foreign tourists visiting Thailand was 6.69 million". It is, until March 26th. The figures for April and May should be down 99.9% on last year. It will be interesting to see what numbers TAT come up with. 

The term "Self inflicted" comes to mind ????

Uncle Xi will happily buy up bankrupt business for peanuts and fill them with his people. So the money stays in his pockets. Wasn't this the plan from the beginning ?

With the new apartheid rules, such as not allowing foreigners to take buses or entrance to some tourist attractions, I kind of feel that karma is showing its magic.

 

"Tourism revenue in the previous year was Bt3.01 trillion, of which Bt1.93 trillion came from 39.79 million foreign tourists and Bt1.08 trillion came from 166.84 million Thai tourists," he said
 

166.84 million Thai tourist.????

21 hours ago, webfact said:

Thailand was 6.69 million, down 10.02 million, or 59.97 per cent

 

21 hours ago, webfact said:

was Bt332 billion, down Bt489 billion or 59.57 per cent

 

21 hours ago, webfact said:

was 40.15 million, down 55.88 million or 58.19 per cent

 

21 hours ago, webfact said:

Bt3.01 trillion, of which Bt1.93 trillion came from 39.79 million foreign tourists and Bt1.08 trillion

 

21 hours ago, webfact said:

down 97 per cent year on year, but better than the previous month when it dropped by 99.32 per cent.

Doing Rubik's cube was a piece of p*ss next to understanding what the figures meant ..

 

But no one in Government is doing anything to help reverse the lack of Tourists. In fact, just the opposite. Farangs can't ride buses, farangs not allowed into Thailand, keep bars and pubs closed, etc., etc.

 

I love Thailand, but am getting a darker and darker view of its future.

 

 

21 hours ago, keith101 said:

I wonder if this news will have any effect on the rising baht ?

It certainly is not affecting certain income streams. or something would have been done long ago.

20 hours ago, smedly said:

The OP a surprising touch of realism and brutal honesty - a rarity in Thailand 

 

CV-19 impact for sure but the strong baht is also a critical factor

As are some immigration issues.

13 hours ago, trainman34014 said:

Could still even be worse than his numbers yet.  Still; the Teflon Baht will keep rising and do even more overall damage to the economy but they just don't 'get it' do they !

Like I said, if their own personal income streams show any signs of going down, they will soon "get it".

On 6/11/2020 at 2:31 PM, keith101 said:

I wonder if this news will have any effect on the rising baht ?

It does. Baht is up nearly 1$ since yesterday. From 31.5 or so to 30.5 or so.