Thailand tourism collapse poses existential crisis for airlines

[The Farang]

On 9/9/2020 at 2:51 AM, RocketDog said:

The ads you mention have been running in the Denver area for years. 

First time I've ever seen it.  Must be boosting up advertisement due to the pandemic situation. 

[Skylight]

On 9/8/2020 at 6:31 PM, BritManToo said:

Those with least overheads will survive.

You would need minimal outgoings for the next 2-3 years.

Everyone else is going bust.

 

There is really no way for any airlines to survive without state interventions.  The market went down 100% overnight and now it's still down 70%

[RocketDog]

5 hours ago, The Farang said:

First time I've ever seen it.  Must be boosting up advertisement due to the pandemic situation. 

Yes, very likely. 

They should post the current requirements for entry at the end of the ad or speak them in the 5x talking speed like some TV drug ads though. 

Entry requirements would now definitely be considered to be a serious side effect of planning a trip here. ????

[Chongalulu]

14 hours ago, FritsSikkink said:

Please tell me one forward thinking government you are referring to.

Try it’s neighbour ,Singapore and while you are ,understand why it got to the top of all 3 sections of the PISA educational tables .

[FritsSikkink]

23 hours ago, realfunster said:

You can make as many general statements as you like. Thailand is lagging. The attraction of 20-30 years ago, cheap Labour and reasonable infrastructure for the time has been eroded by regional competitors, unless you view Cambodia and Laos as the competition.

Thailand makes it in at number 20 globally for population but is number 80+ for gdp per capita, at around USD 7,500. 30%+ of workers are still manually laboring in the fields and involved in agriculture.
GDP per Capita :

Malaysia USD 11,300 

Singapore USD 64,000

S Korea USD 31,000

Taiwan USD 25,000

World average USD 11,000

 

This is where Thailand might have been..eminently achievable with a clear strategy, economic vision, less corruption and a more open economy.

Let's look at some other neighbors:

Philippines USD 3104

Laos          USD 2566

Cambodia  USD 1504

Vietnam    USD 2551

India         USD 2037

Myanmar   USD 1299

 

[Skylight]

2 hours ago, FritsSikkink said:

Let's look at some other neighbors:

Philippines USD 3104

Laos          USD 2566

Cambodia  USD 1504

Vietnam    USD 2551

India         USD 2037

Myanmar   USD 1299

 

 

Be careful with using GDP per capital.  It depends on what are you trying to use it for.  PPP would be a better measurement of purchasing power than nominal GDP.

 

Even PPP would not cover unique situation in certain country.  For example, in the US, the middle class would need to make more and save more to 

plan for medical emergencies or expensive childhood needs like braces (it's around $7,000+ per kid now and insurance usually cover only  $2,000).  Medical saving is rarely needed in the EU.

 

The Thai middle class is growing and you can see recent university graduates doing extremely well in the eastern seaboard and in Bangkok.  No doubt they will grow to become factory managers and country managers of MNC's in the future.  I am even further encouraged by the bold leaderships of recent events by high school students.

 

 

 

 

 

 

[Sumarianson]

Stop following stupid guidelines and see the touridts flood back. COVID is not the deadly virus it is vlaimed to be, CDC stats prove that. 22% higher death rate from suicide in Thailand all because of the shutdown. Not worth it and it will get worse.

[spermwhale]

On 9/8/2020 at 8:23 PM, The Farang said:

Yes, and I bet you all those companies mostly set up shop in Bangkok.  The rest of Thailand there's not too much.

Actually you are incorrect again. The majority do not set up shop in BKK.. They set up shop in industrial estates in Ayuthyia, Chon Buri (check out Map Ta Put) and Rayong. The eastern seaboard is crawling with factories owned by foreign companies. They are not in Bangkok. 

[spermwhale]

On 9/8/2020 at 7:51 PM, chilli42 said:

And it’s still a much less attractive place to set up a company than Vietnam

Yes it has been for a number of years. The Vietnamese have been glad to receive companies that have skipped on Thailand due to the political instability and flood risk.