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Tourism revenue could plummet over 75 per cent

rooster59
rooster59
in Thailand News - Discussion

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5 hours ago, warcy said:

Even though the economy is bad, but prices of almost everything is still high. Food remains cheap.

I don't know what you expect.

If you have no money food is not cheap

If you have stock that cost the chain is still there - you have to pay rent wages etc.....if the public have no money then reduction of prices won't help.

The economy is worse than bad - it is a total disaster. The world economy has shrunk beyond recognition.

Thailand relies on foreign visitors for about 20% of that and manufacturing for export is a similar chunk - but there will be less buying from abroad for the next few years.

 

I think the full impact of what is really happening to the Thai economy and in real;ation to the rest of the world won't become apparent for several months.

 

Previous Thai admins have shown little imagination or ability to cope with economic disasters and this one doesn't exactly inspire confidence.

 

 

Be prepared for draconian laws, civil unrest and a lot of anti-foreigner propaganda.

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    • Chelseafan
      Chelseafan

      This represents a drop of 9 per cent from the previous worst-case scenario forecast for this year of Bt742.5 billion, a sharp decline of 75 per cent from around Bt3 trillion last year.   So

    • Mr Meeseeks
      Mr Meeseeks

      I was in Pattaya yesterday and the beach was empty. It looked pristine.   Businesses gone everywhere; boarded up, shut down, for sale and rent, gutted out, entire blocks fenced off...  

    • ezzra
      ezzra

      with no mass vaccination in the horizon at least until mid next year, i think those 75% will be more like 95% at best...

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