While 1/3 of current businesses may shut, they will be replaced by either the same people with a “new” concept or with the next line of fledgling entrepreneurs. 
 

There is not a lot of operating capital for these businesses, it’s mostly manpower so they’ll just cancel their business license and get a new one and start anew. 

Well, this will seperate the men from the boys!!! Who wants to buy a Beer Bar??? <deleted>!!!!!

7 hours ago, sezze said:

I agree . No tourists , sure many will stop not to reopen ... no costumers , only bills . Once tourism is going again , and it will get going again , even if it takes a few years , business will start again . Might be a different one , but demand creates opportunities , and some people will take that opportunity ( and lots of others will try to jump in also , grabbing a bit ) .

This off course is very painful for the people who are in it now , no doubt about it , but there will be light on the horizon . Might be 3 months , might be 1y , might be 5 years , but it will shine , and the longer it takes the more it will shine ( because less competition ). And yes , that also means the girls and boys serving beers among other things will be back also . Basic rule --- demand - supply

A sensible comment, which stands out in the midst of a load of meaningless rant of frustrated individuals who are unable to see or accept that Thailand will merrily go ahead without western tourism and that white foreigners so far have enjoyed a status which owed its importance to the economic power they had, rather than to their own merits. Now that this economic power is faltering, farangs react shouting out that Thais don't know what they are doing, whilst it seems that for centuries they have managed well to sit between China and the West making the most out of it.

Admittedly the average quality of the answers to this post is above the usual average, but still this answer hits the point: many will suffer now and a new economy will emerge, perhaps based on tourism, perhaps not.

Edited July 12, 20205 yr by canerandagio

Much of 'Farangland' has been devastated economically by the corona virus. Many jobs will be lost there too and many countries have borrowed so much that 'somehow' it will have to be paid for -- possibly by taxation.

 

Eventually tourists will return to Thailand but high flight costs, the high Baht, high prices on beer, spirits, wine, and tobacco will deter some. Many that do may not have the same disposable income to throw around. 

29 minutes ago, Seeall said:

You must be wrong, we have seen the info about the big crackdowns on cars puffing out fumes......

No money, No honey!

32 minutes ago, ChouDoufu said:

 

1.  it's not a major obstacle.

2.  it's not a bad thing.

 

you might consider googling "travel health insurance" and then contact a carrier or agent.  short-term travel insurance with covid19 cover is available now for less'n US$50 for 2-3 weeks.  can easily be included in the price of a zero-dollar package tour along with covid19 testing.

 

and even after the flu magically disappears over the summer, thailand should keep the requirement for health insurance for tourists to reduce the number of unpaid hospital bills and gofundme begging campaigns.

You are probably younger than 70! You may find it's pretty expensive for us.

 

And the unpaid hospital bills confuses me. Whenever I've been to hospital I've always got to show my credit card before I see any health worker. How do these non-payers get away with it?

3 hours ago, Postmaster said:

Now is not the time to be thrashing business owners about dual pricing.  Most of us can pay just a little bit more than the Thais. Leave that argument for brighter times.

most of them need to go to the wall,  and/or learn what customer service is really all about, not supported. so that the same old poor quality, <deleted> service  and rip offs can continue unabated.  They won't get an extra baht out of  me.  

Edited July 12, 20205 yr by Pilotman

I am not surprised about this as many places are very badly run. I have seen a good number that continue to display the standard sign

 

No drugs

No guns

No photos

 

these places have been shut for months which is plenty of time to rectify this and yet these items are STILL out of stock!

Yes, it is terrible! We, both Farang and Thai, should never forget where this disease came from. No it wasn't the dirty farang was it! It came from your wonderful benefactors to the North,  The CCP lobbied their lap dog, the WHO  and got the disease  named  COVID 19. Get real and do not forget that the world's give from China is the CCP Wuhan Coronavirus. By the way, guess where the Asian Flu, the Hong Kong Flu, SARS, Bird Flu and Swine Flu came from?

CHINA----- let's invite them back real soon!!!!

3 hours ago, realfunster said:

I’ll take that bet.

 

I mean come on, yes it’s a serious pandemic but we have experienced worse at least 3 times in the 20th century.
Spanish Flu 50 million dead (1918)

Asian Flu 2 million dead (1957-58)

Hong Kong Flu 1 million dead (1969-70) 

All of these fatality figures were with global populations 50%+ less than now.

 

Do you truly believe ‘normal’ human existence is irrevocably changed ad infinitum by COVID ? No chance of a vaccine, herd immunity or that it will naturally die out ?

 

Problem now is not enough people are dying.

 

Europe and Asia and USA, the world is going into a period of simply abnormal numbers of people not dying. 

 

Look at this chart below, this is normal deaths for flu and pneumonia in the USA.......as you see, Feb/March all was normal, normal amount of deaths, then you have a Covid spike.........but now moving into a massive trough of not enough people dying across all age groups, this is very abnormal.  Same in Europe, same in Asia.  Sorry media scare mongerers.........but now there are too few people dying !!!!!!!!!!!

 

Stop shouting cases.............talk the truth about DEATHS !!!!!  

 

Covid-19 appears to have mutated into a very weak virus, spreads easier but much less deadly..............probably now Flu is more deadly than Covid-19.  Tuberculosis kills 2 MILLION people every year, and thats with vaccine available...........nobody is worried about that.  Covid does 500 thousand and its panic stations........ LOL ????

 

Like SARS in 2003...........virus naturally mutate to become weaker and weaker in order to survive, they cannot kill the host too much, or they die too as no hosts left to spread it.

 

 

 

Edited July 12, 20205 yr by RR2020

No ploplem, Xi's servants are happy to jump in and take over businesses for peanuts.

Many businesses here open and close....you see the sign for soft opening, followed by Grand Opening followed by a closed up shop, in rapid succession. If tourists come back the shops and businesses will open up again with new proprietors. No big deal. Better a good business for 60% than a poor business for the 100%.

and still hardly any noise from the tourism industry and no pressure put on the PM to open up the borders,so they're not helping themselves.   why are they so quiet?   i think they are genuinely very scared of the virus. which is ridiculous as they are more likely to end up in hospital because of a dog bite than the virus.   so there ya go Thais aren't all about money as we thought????

7 hours ago, mr mr said:

add another third and you will be closer to reality. 

Because you are the expert with the numbers and he is just an incompetent Thai officia?

3 minutes ago, paulikens said:

and still hardly any noise from the tourism industry and no pressure put on the PM to open up the borders,so they're not helping themselves.   why are they so quiet?   i think they are genuinely very scared of the virus. which is ridiculous as they are more likely to end up in hospital because of a dog bite than the virus.   so there ya go Thais aren't all about money as we thought????

Bravo, I wish I would of wrote that first.

7 minutes ago, Expat Tom said:

Yes, it is terrible! We, both Farang and Thai, should never forget where this disease came from. No it wasn't the dirty farang was it! It came from your wonderful benefactors to the North,  The CCP lobbied their lap dog, the WHO  and got the disease  named  COVID 19. Get real and do not forget that the world's give from China is the CCP Wuhan Coronavirus. By the way, guess where the Asian Flu, the Hong Kong Flu, SARS, Bird Flu and Swine Flu came from?

CHINA----- let's invite them back real soon!!!!

Thank you for post!

3 hours ago, BestB said:

Thousands losing all their money or already lost. It might be little hard to fire up new business . Small to medium business owners are not rich people . So if anything gap will widen by 10 fold 

My Thai wife say Prayut crazy!

23 minutes ago, Chiang Mai Bill said:

You are probably younger than 70! You may find it's pretty expensive for us.

 

And the unpaid hospital bills confuses me. Whenever I've been to hospital I've always got to show my credit card before I see any health worker. How do these non-payers get away with it?

Probably many emergency situations. When I had a heart attack the orderlies carried me into the emrgency exam room. After less than 2 mins  Dr. says sign here your heart stopping we have to operate.

Vibhavadi Hospital--- afterwards they called my insurance provider and were told they would cover all costs. Still were not going to let me leave (they can't legally do that) so my Thai sis-in-law put on her charge card.  After about a week my insurance compny deposited check into my US bank account and I paid her back.

This is sad news for all the 'small people' that will be affected but this seems to be what has been decreed by the 'grand poobahs".

41 minutes ago, Chiang Mai Bill said:

You are probably younger than 70! You may find it's pretty expensive for us.

 

And the unpaid hospital bills confuses me. Whenever I've been to hospital I've always got to show my credit card before I see any health worker. How do these non-payers get away with it?

 

sure, as expected elderly travelers will pay more.  75 year old american from california, traveling to thailand in september.  $60/week, includes emergency evacuation and various trip-related coverages.  (a sprightly 50 year old pays $22/week)

 

unpaid bills confuses me as well, like who travels to a foreign country without adequate insurance?  but you're welcome to search the threads for news articles referencing foreigners unpaid bills, and the many, many gofundme links.

 

point is, mandatory insurance and/or covid19 testing are reasonable requirements, and not terribly expensive when considering the total cost of a vacation package.  what's holding back tourism is the 14-day quarantine requirements, as well as certain nations failing to adequately respond to the virus.

Edited July 12, 20205 yr by ChouDoufu

Please let this be true... It's been a long time coming, to pay back the Double Standards, scamming and over valued Baht.

 

4 hours ago, steven100 said:

one can only hope .... it needs a good clean out to get some quality restored.

One can only ope?

Hope for what?

Millions of people out of work, so you get your quality restored?

 

4 hours ago, jlwilliamsjr18 said:

Gross mismanagement, unregulated tourism, mass tourism for max. profit has led Thailand into human bondage, disease, murder and environmental catastrophe. The lure of drugs, sex, alcohol, on the cheap has virtually destroyed this paradise.  So... it's good that these businesses are dissolving.  Now is the time to repair and move forward, not an instant fix, but real sincere reparation, a new normal. Yes, it's time to weed out the drunken ex-pat mongers, send them home, stop the party venues (Full Moon etc.) Embrace eco-tourism, limit tourism and in the long run, revenues will increase. Young people, not foreigners will have opportunities that lead somewhere, not to debt and poverty, which lead to crime and self hate. NO, I'm not missionary, I'm a realist. 

I could tell you, what you are! 

But that would earn me a week or two of posting holidays!

I really had it, with the holier- than though- crowd!

"Young people, not foreigners..."?
And how do these "young people get their chance to shine, when the tourist sector goes belly up?

Not a little bit- but completely!

And do ou REALLY Believe, that the comeback will see only quality tourists, filling up 5 star resorts?

Whayt kind of ariyan- masterrace pipedream is this/
 

Exactly what ‘impact’ are they talking about... 58 dead who were probaby on death doors anyways from the annual corona virus or flu as its known... giving it a buzz word was crackers.... The Thai Government have collapsed their entire economy over the flu (as have many other governments), but here they offer a big fat zero support package!  The UK to date have pumped 192 Billion pounds... Thailand offer 5k Bhat to only a select few... pathetic... Well the gold reserves are going to run out soon and the Bhat will collapse with significant inflation... then Thailand will be reverted to -100 years plus... everyone is in debt here more than any other Country in SE Asia.  ... its going to get very very messy soon... Its coming ... sell your assets now and get your cash out of this doomed state..

Shutting down of businesses will result to unemployment for ordinary people, a sad reality. The self sufficient country has great advantage in this current situation. Prepare for the worst and make some remedies to lighten the burden, I think that is the best thing to do. 

51 minutes ago, Pedrogaz said:

Many businesses here open and close....you see the sign for soft opening, followed by Grand Opening followed by a closed up shop, in rapid succession. If tourists come back the shops and businesses will open up again with new proprietors. No big deal. Better a good business for 60% than a poor business for the 100%.

When tourism returns yes travel related business will open up, problem is presently there aren't enough availble jobs for those that are out of work due to the closed shops.

Several troll posts as well as replies have been removed.

My sympathy goes to those Business,s that are what I consider to be the genuine tourist type of Business Eg a small Restaurant.

The large ~ built for purpose ~ Business,s Eg the likes of The Floating Market, Frost Land Etc, whos only aim is to shamelessly gouge Money from people on their Vacation can sink out of sight with no sympathy at all from me.

And good riddance, as these are the Business,s that have really helped to ruin Thailands reputation 

9 hours ago, Fex Bluse said:

No worries. Tourism is only 9% of the Thai economy. Right? Right? 

Tourism is definitely more than 40% of Thai economy. Almost everything depend on tourists except for the topmost government officers.

That day (often foretold here on TVF) seems to have finally arrived.