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Worse than Tom Yam Kung crisis - Thai tourism is "seriously wounded"


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Posted

Worse than Tom Yam Kung crisis - Thai tourism is "seriously wounded"

 

10pm.jpg

Picture: 77kaoded

 

A major conference attended by government reps and business leaders in Chiang Rai was the latest gathering to draw comparisons of the 2020 coronavirus pandemic with the 1997 Asian financial crisis.

 

The Tom Yam Kung crisis 23 years ago saw Thailand's economic boom come to an abrupt halt. 

 

Remnants of the collapse of the Thai financial sector and its effect on other parts of Asia and further afield can still be seen today in the deserted buildings that dot the kingdom that were never finished. 

 

Participants heard that defaults on loans and the effect on the economy were in many respects worse this year than in 1997.

 

Nareumon Pinyosinawat from the Labor Ministry spoke on the issue of migrant workers and cross border trade in Chiang Rai that borders Myanmar. 

 

Tourism reps spoke of the devastating effect on that sector and the need for government loans to tide businesses over and help with some degree of survival. 

 

77kaoded called it a 2 trillion baht hit on tourism and described the sector as "seriously wounded". 

 

Source: 77kaoded

 

 

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Posted

Chiang Rai was never really a centre for large scale foreign tourism. That has quite simply gone. It was however a very popular destination for domestic tourists. Their numbers have fallen dramatically over the last six months.

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Posted

So they hold a conference with many participants to discuss the problems cause by the Covid 19 virus but they don't practice correct/proven personal distancing, one of the key items to stop the spread of the very infectious virus.

 

 

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Posted
4 minutes ago, DrTuner said:

What an excellent idea it was to rely on Chinese mass tourism.

Its the virus that has caused the problems , nothing to do with the nationality of the (non) tourists 

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Posted
3 minutes ago, JusticeGB said:

Never mind plans are afoot to allow 600 tourists a day to come into Thailand a magnificent total of 219,000 a year. This will solve the tourism crisis. 

Yup, as they will all spend 10 million baht each to prop up the magnificent Tourism Train called Thailand.  Seems to me that they need a new Bridge over the River Kwai

Posted

 

Let me complete the sentence as you should have written it!

52 minutes ago, CorpusChristie said:

Its the virus that has caused the problems

Correct for once! (dammed unusual)

Please remind us all again which country Wuhan is in?

  • Like 2
Posted
1 hour ago, kingofthemountain said:

Yep

the virus has been introduced and bringing to us by an alien landing from an UFO

directly coming from Jupiter

 

what a fantastic tale !

We were talking about Chinese mass tourism , and that isnt the cause of the tourist business  decline .

  h 

Posted
42 minutes ago, fangless said:

 

Let me complete the sentence as you should have written it!

Correct for once! (dammed unusual)

Please remind us all again which country Wuhan is in?

Read the post that I was responding to .

*Thailands reliance on mass Chinese tourism isnt the cause of the tourist numbers being down *, was my point 

Posted
2 hours ago, Pravda said:

Lots of doom and gloom articles lately. Good time to buy somethin'

yes, just bought a new t-shirt for 100 baht.

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