Popular Post webfact Posted July 31, 2021 Popular Post Share Posted July 31, 2021 REUTERS file photo for reference only The chief of the Tourism Authority of Thailand told business journalists that Thailand could be heading for a record low year (in the modern era) when it comes to tourism revenue. Yutthasak Suphasorn noted that the third wave of the pandemic that started in Thailand in April was now largely out of control despite lockdown measures being in place in 13 deep red zone provinces. This would have a stark effect on both foreign and domestic tourism numbers, he said. He pointed at Tourism and Sports Ministry figures announced recently that predicted Thailand's tourism revenue this year would be 850 billion baht. He said this was calculated as 300 billion from 1.2 million foreign tourists and 550 billion from domestic tourism based on 100 million individual trips. If lockdowns continue then Thailand would be heading for a record low with revenue predicted by Yutthasorn in the range of just 350-400 billion baht this year. Compared to 2020 this would be 50% to 56% lower. He said that tourism revenue last year in Thailand was 810 billion baht. ASEAN NOW notes that the figures being bandied about should be treated with some skepticism. Based on another story that we reported earlier in the week - from tourism minister Pipat Ratchakitprakan who said they were TAT figures - the prediction was the same 850 billion but foreign tourists spending 300 billion were put at 2-3 million not the 1.2 million predicted in this story. -- © Copyright ASEAN NOW 2021-07-31 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 9 Link to comment Share on other sites More sharing options...
Popular Post Thailand Posted July 31, 2021 Popular Post Share Posted July 31, 2021 Genius, candidate for prime minister. 9 13 Link to comment Share on other sites More sharing options...
Popular Post Scrotobike Posted July 31, 2021 Popular Post Share Posted July 31, 2021 Yes Mr TAT - the price of diverting vaccines away from the old and infirm to the young in the <deleted> sandbox, or litter box what ever you call it. Well done that man! Way to screw up the economy. 16 1 Link to comment Share on other sites More sharing options...
Popular Post lujanit Posted July 31, 2021 Popular Post Share Posted July 31, 2021 The TAT calculator must be broken. 12 Link to comment Share on other sites More sharing options...
Popular Post Mr Meeseeks Posted July 31, 2021 Popular Post Share Posted July 31, 2021 1 hour ago, webfact said: this was calculated as 300 billion from 1.2 million foreign tourists Wildly optimistic. 4 Link to comment Share on other sites More sharing options...
Popular Post RotBenz8888 Posted July 31, 2021 Popular Post Share Posted July 31, 2021 Would be interesting to know exactly what the 1000s of employees at TAT are doing now? Surely, not all of them can sit and come up with fantasy arrival numbers day in day out and get payed.... Or? 6 8 Link to comment Share on other sites More sharing options...
Popular Post internationalism Posted July 31, 2021 Popular Post Share Posted July 31, 2021 that what home work for over 3 months does to TAT brains - they become completely insensitive to what what is happening around them. But they still have very cushy government posts 4 1 2 Link to comment Share on other sites More sharing options...
Popular Post edwinchester Posted July 31, 2021 Popular Post Share Posted July 31, 2021 25 minutes ago, Mr Meeseeks said: Wildly optimistic. Yeah quarter of a million Baht for each tourist. 4 Link to comment Share on other sites More sharing options...
Popular Post kotsak Posted July 31, 2021 Popular Post Share Posted July 31, 2021 33 minutes ago, lujanit said: The TAT calculator must be broken. Not really, somebody just dropped the abacus on the floor.. 3 Link to comment Share on other sites More sharing options...
Popular Post wensiensheng Posted July 31, 2021 Popular Post Share Posted July 31, 2021 That he is whining about tourism revenue falling at a time when his countrymen are dying in higher numbers than ever seen before in the modern era, says a lot to me. I don’t usually read a lot of TAT stuff because it’s never made much sense to me and I know it’s their job to be wildly optimistic about everything, but this is just in humane. Talk about tone deaf. 11 1 Link to comment Share on other sites More sharing options...
Popular Post ChipButty Posted July 31, 2021 Popular Post Share Posted July 31, 2021 48 minutes ago, lujanit said: The TAT calculator must be broken. It's always broken 3 Link to comment Share on other sites More sharing options...
Robs5ct Posted July 31, 2021 Share Posted July 31, 2021 finally he found something to blame that his realistic numbers can't come true 2 Link to comment Share on other sites More sharing options...
Popular Post Scrotobike Posted July 31, 2021 Popular Post Share Posted July 31, 2021 The hub of all magic numbers 1, 2, many..... 2 2 Link to comment Share on other sites More sharing options...
WEBBYB808 Posted July 31, 2021 Share Posted July 31, 2021 I really do not understand economics, so can someone explain how the baht holds strong at just under 33 to 1 USD? I mean if manufacturers aren't producing, then that stands to reason there are little to no exports. People within the borders are consuming. and possibly more dependent on imports, produce, and fuel. How does the baht stay at its point if the media already labels it worse than 1998? 1 1 Link to comment Share on other sites More sharing options...
Popular Post Cake Monster Posted July 31, 2021 Popular Post Share Posted July 31, 2021 2 hours ago, internationalism said: that what home work for over 3 months does to TAT brains - they become completely insensitive to what what is happening around them. But they still have very cushy government posts The average TAT brain was never the sharpest tool in the Box, even before they started working from home. Now they have just become addled. 4 Link to comment Share on other sites More sharing options...
Popular Post brucegoniners Posted July 31, 2021 Popular Post Share Posted July 31, 2021 Better to lockdown and lose money than lose more people. This is horrible for the Thai people, but it was completely preventable if government had done its job. 4 1 2 Link to comment Share on other sites More sharing options...
Popular Post Benmart Posted July 31, 2021 Popular Post Share Posted July 31, 2021 TAT has long been redundant. 3 Link to comment Share on other sites More sharing options...
madmitch Posted July 31, 2021 Share Posted July 31, 2021 Do they think they won't register the worst tourist numbers if lockdown is lifted? I certainly don't! Link to comment Share on other sites More sharing options...
Popular Post Anythingleft? Posted July 31, 2021 Popular Post Share Posted July 31, 2021 Unschooled toddlers could predict this.... 3 Link to comment Share on other sites More sharing options...
Popular Post irwinfc Posted July 31, 2021 Popular Post Share Posted July 31, 2021 no kidding, sherlock! 1 2 Link to comment Share on other sites More sharing options...
Paul Henry Posted July 31, 2021 Share Posted July 31, 2021 DID SOMEONE JUST TURN ON THE LIGHT! 1 1 Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted July 31, 2021 Popular Post Share Posted July 31, 2021 Wow. Talk about stating the obvious. Even if all restriction were lifted tomorrow, Thailand would till be looking at a record low for tourism. So, stop the nonsense already. 5 Link to comment Share on other sites More sharing options...
Popular Post 248900_1469958220 Posted July 31, 2021 Popular Post Share Posted July 31, 2021 5 hours ago, RotBenz8888 said: Would be interesting to know exactly what the 1000s of employees at TAT are doing now? Surely, not all of them can sit and come up with fantasy arrival numbers day in day out and get payed.... Or? Have you seen how many people work in 7/11, DoHOme or any large dept store? I'd say a very large percentage of the Thai workforce spend their days in La La Land. 4 Link to comment Share on other sites More sharing options...
RocketDog Posted July 31, 2021 Share Posted July 31, 2021 4 hours ago, ChipButty said: It's always broken They never took off the plastic screen protector it was sold with showing representative numbers. They wonder why every calculation yields exactly the same results but never had time to look into the issue. 1 1 Link to comment Share on other sites More sharing options...
hotchilli Posted July 31, 2021 Share Posted July 31, 2021 6 hours ago, webfact said: The chief of the Tourism Authority of Thailand told business journalists that Thailand could be heading for a record low year (in the modern era) when it comes to tourism revenue. Could be heading for a record low.... nuff said. 1 Link to comment Share on other sites More sharing options...
wensiensheng Posted July 31, 2021 Share Posted July 31, 2021 3 hours ago, WEBBYB808 said: I really do not understand economics, so can someone explain how the baht holds strong at just under 33 to 1 USD? I mean if manufacturers aren't producing, then that stands to reason there are little to no exports. People within the borders are consuming. and possibly more dependent on imports, produce, and fuel. How does the baht stay at its point if the media already labels it worse than 1998? Well it’s not worse than 1998 for one thing. Thailand is forecast to have about 1% economic growth by its central bank. 1998 saw a severe contraction. secondly manufacturers are producing. Some factories are closed, but relatively few. And those that close, reopen in a couple of weeks. thirdly Thailand’s economic fundamentals still aren’t too bad. Relatively low government borrowing, very decent foreign currency reserves. having said all that, the baht is weakening. Not long ago it was 31 to USD. It may well weaken further if the Covid situation is perceived to not be improving. But an imminent collapse doesn’t seem to be on the cards because there isn’t a sudden shock to the financial system, as happened in 1998. Everyone knows about Covid, so it’s more a process of a slow grind downward and financial systems can cope with that more easily than sudden shocks. 2 Link to comment Share on other sites More sharing options...
MrJ2U Posted July 31, 2021 Share Posted July 31, 2021 (edited) "More lockdown measures will lead to record low tourism revenue figures, TAT chief" Nobody wants to come here anyway in this awful situation. EX pats wanting back in to see there families I can understand. Fire the lot and use the money to buy vaccines. Edited August 1, 2021 by metisdead Oversize font reset to normal. 1 Link to comment Share on other sites More sharing options...
Golden Triangle Posted July 31, 2021 Share Posted July 31, 2021 This guy must have been to university and gotten a double A 1st in stupidity. 1 Link to comment Share on other sites More sharing options...
Darkside Gray Posted July 31, 2021 Share Posted July 31, 2021 Typical TAT. Think of the money not the people! 2 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted July 31, 2021 Share Posted July 31, 2021 2 hours ago, wensiensheng said: secondly manufacturers are producing. Some factories are closed, but relatively few. And those that close, reopen in a couple of weeks. Toyota has stopped all vehicle production due to a shortage of parts. Loads of factories are closed in Chonburi. 1 Link to comment Share on other sites More sharing options...
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