Tourism industry expected to get Bt6.8-billion boost this weekend

By THE NATION

 

 

The Tourism Authority of Thailand (TAT) said that the long holiday weekend from July 25 to 28 is expected to generate around Bt6.8 billion revenue for the tourism industry with hotel occupancy getting a 24 per cent boost.

 

 

TAT Governor Yuthasak Supasorn said that people were expected to travel to nearby areas, not faraway cities. Moreover, they would travel in small groups, with family or friends, in their own cars.

 

He added that the proportion of public-vehicle use would be lower than during the previous long weekend (July 4 to 7). The destinations most people want to visit include natural attractions, such as sea, mountain and waterfall.

 

Yuthasak said that the government’s stimulus campaigns, local activities, as well as the free motorway price were factors in encouraging people to travel this weekend.

 

According to a survey on social media channels, netizens made more mention of this long weekend than the previous one. Some had concerns about a Covid-19 case in Rayong announced last week.

 

Source: https://www.nationthailand.com/news/30391918

 

-- © Copyright The Nation Thailand 2020-07-25

 

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people have to have actual cash to spend in order to travel.   Where is that coming from (other than savings)?   

1 minute ago, 4evermaat said:

people have to have actual cash to spend in order to travel.   Where is that coming from (other than savings)?   

Credit Cards!

26 minutes ago, 86Tiger said:

Credit Cards!

In Thailand?  How many locals have one?   And what kind of limits do they have?

45 minutes ago, 4evermaat said:

In Thailand?  How many locals have one?   And what kind of limits do they have?

Excuse me the Thai's are not all poor. There are 15 to 20 million credit cards issued to Thai's at this time. Then another 30 million debit cards.  You really should wake up to the real world here in the LOS.

46 minutes ago, 4evermaat said:

In Thailand?  How many locals have one?   And what kind of limits do they have?

Maybe the limit is about Bt 6.8 billion???? 

19 minutes ago, marin said:

There are 15 to 20 million credit cards issued to Thai's at this time. Then another 30 million debit cards. 

How you can be so sure many people dont use it just for ATM/cash ?

Some mighty big rose colored glasses there

well cmon its only natural

 

Usually TAT makes prediction on spending and arrivals of foreigner tourism

so they have just used the same creative imagination in dreaming up a number that Thai citizens will spend this weekend.

If Thais have got 6.8 billion baht to spend this weekend Thailand does not need foreign tourism ever again 

Thailand finally found its long sought after high spending quality tourist, the holy grail of TATs dreams.
every thai citizen must endevour to spend 100 baht on what is considered 'tourism'

thats every man woman child/ bed ridden citizen /prisioner/army general/

Cinema outing and all cinemas really only showing Asian movies nothing significant from USA markets

so basically the usual economic spending of the Thai population TAT has hijacked and now calling tourism.
????

 

These people are dreamers they pluck figures out of the sky and hope they got it right sadly they always overestimate by the millions

2 hours ago, 86Tiger said:

Credit Cards!

Some years back I went to my SCB bank at the time I had 10 million sitting in my account I was turned down for a credit card unless I transferred a large sum into what I believe was a credit card account in other words the way I understood it to be if I wanted 10,000 baht credit I would have to have more than that amount in the c/c account by the way I had been with the bank for more than 5 years and they had records to see that I was a high end customer 

1 hour ago, marin said:

Excuse me the Thai's are not all poor. There are 15 to 20 million credit cards issued to Thai's at this time. Then another 30 million debit cards.  You really should wake up to the real world here in the LOS.

Most Credit Cards are maxed out by now !!! Or will be shortly.

That's when the real disaster starts.

 

Sure there are some rich people with Credit Cars.

But there are Millions of Office Workers who finance their lifestyles with Credit Cards.

And now these people have a huge problem !

 

Credit Card depth is one of the biggest problems right now.

Long weekend, (Husband) "lets go back to kampong visit family" (Wife) "how much Benzine we need" (Husband) "mai pen lai can eat with family not spend money" (Wife) "we might catch Covid" (National statistics) more chance to die in a road traffic accident.

 

Happy Holidays!!!

Ok what ever ????

3 hours ago, 4evermaat said:

In Thailand?  How many locals have one?   And what kind of limits do they have?

LOL where you live ? In a cave in Nakhon Nowhere????? Everyone I know here has at least 1 credit card !! Bangkok is just a bubble and can’t be compared to the rest of Thailand. BUT there are much more middle class and upper-middle class people than you think! Most of them have more money/savings than the average retired expat here..even after months of Covdid. So plenty of people who still can afford to travel domestically (even more due to the stimulus)

1 hour ago, crazykopite said:

Some years back I went to my SCB bank at the time I had 10 million sitting in my account I was turned down for a credit card unless I transferred a large sum into what I believe was a credit card account in other words the way I understood it to be if I wanted 10,000 baht credit I would have to have more than that amount in the c/c account by the way I had been with the bank for more than 5 years and they had records to see that I was a high end customer 

That is normal practice here.

As soon as I see "TAT" I know I'm in for a laugh (or cry!)

 

I wonder where TAT Governor Yuthasak Supasorn got his crystal ball? Gypsy Rose Lee, or a pavement stall on Sukhumvit?

 

And what a great picture to accompany the article - everything is crystal clear now!

 

 

Edited July 25, 20205 yr by sambum

2 hours ago, Quickmill said:

Maybe the limit is about Bt 6.8 billion???? 

I will double that in no time at all ... oh wait ... they won’t let me in ! 

SO JUST create a credit bubble ??

Edited July 25, 20205 yr by 3NUMBAS

4 hours ago, 4evermaat said:

people have to have actual cash to spend in order to travel.

Most of the Thai people I know who travel for fun, have been working, to some degree, throughout. They have just been waiting for things to open up. But then, all of them also have credit cards. 

Unfortunately, those hardest hit are the people that aren't considered "tourist" types, at least not in terms of accommodations. Maybe a day trip from time to time. 

1 hour ago, SpanishExpat said:

LOL where you live ? In a cave in Nakhon Nowhere????? Everyone I know here has at least 1 credit card !! Bangkok is just a bubble and can’t be compared to the rest of Thailand. BUT there are much more middle class and upper-middle class people than you think! Most of them have more money/savings than the average retired expat here..even after months of Covdid. So plenty of people who still can afford to travel domestically (even more due to the stimulus)

Totally agree. Just winging farangs with insufficient funds and probably illegally acquired visas!

if your not happy in Thailand go home!

5 hours ago, rooster59 said:

Tourism industry expected to get Bt6.8-billion boost this weekend

Amazing how they can always put a figure on it !!!!

5 hours ago, rooster59 said:

The Tourism Authority of Thailand (TAT) said that the long holiday weekend from July 25 to 28 is expected to generate around Bt6.8 billion revenue for the tourism industry with hotel occupancy getting a 24 per cent boost.

Enjoy it because after that will come a very long trip across the (holiday) desert, up until October...

The consistency of "Cluelessness" is steadfast.

Thailand has by far the largest credit card debt in the whole of SE Asia, they live on credit here like nothing I’ve ever seen to show face... I thought Singapore was bad with people driving mercs, then going home to an HDB government flat sitting on plastic ikea chairs and only using a fan and eating msg fuelled noodles at the local hawker center... get real, Thailand is sinking in chronic debt and way before COVID 19 hoax popped along.

Edited July 25, 20205 yr by fraggleRock

1 hour ago, 3NUMBAS said:

SO JUST create a credit bubble ??

And when that credit bubble bursts...

4 hours ago, 4evermaat said:

In Thailand?  How many locals have one?   And what kind of limits do they have?

Many, at least in the cities.

The threshold is a 15k salary, if you earn at least so much you can get one. Getting 6 months of salary as credit seems to be no problem, getting two or three credit cards at different banks also not. So a Thai who earns 15k can quite easily get 200k+ THB credit line and simultaneously buy a car and a condo on finance. If this Thai now loses his job...

I just don't understand where they get these figures from?

 

Or more to the point they actually believe it...

Some have enough to take short vacations. How anyone in this administration thinks they can predict the numbers based on a long weekend, is beyond comprehension. They simply make up a number and send out a bulletin. It means less than zero. 

 

Right now is a great time to travel around Thailand. Bargains galore. 

3 hours ago, brain150 said:

Most Credit Cards are maxed out by now !!! Or will be shortly.

That's when the real disaster starts.

 

Sure there are some rich people with Credit Cars.

But there are Millions of Office Workers who finance their lifestyles with Credit Cards.

And now these people have a huge problem !

 

Credit Card depth is one of the biggest problems right now.

Not to mention the major banks and financial lenders are getting ready for a massive repossession of vehicles and bikes..

3+ months of no repayments and they are ready for the repo men...