Banks say it like it is - TAT's figures for Thailand reopening don't match their forecasts

[webfact]

Picture: Brand Inside Asia

 

A report on Brand Inside Asia on the state of foreign tourism in Thailand presented a stark contrast to TAT chief Yutthasak Suphasorn's latest prediction about a million visitors to Phuket in the high season.

 

By the end of the year TTB Analytics said they expected only 100,000 foreign tourists to have visited Thailand in 2021. Krung Sri went for around 150,000.

 

Yutthasak was predicting 5,000 a day in the high season.

 

TTB said that tourism was 79% down on 2019 figures and 3.55 trillion baht had gone missing.

 

Two out of every three baht is down to the lack of foreigners.

 

This amounted to 2.38 trillion for foreigners and 1.17 trillion in the domestic market.

 

The slow vaccine rollout, confusion among potential tourists and fears about the Covid numbers in Thailand all contributed to the bad forecasts.

 

One area the media highlighted was the need for quality vaccine in Thailand.

 

They took a snipe against Chinese vaccines noting how easy it had been for them to come in and get approval as opposed to other vaccines seen as better. 

 

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[Geoffggi]

It is usually out of the mouths of babes, but at last the truth come out

[connda]

1 hour ago, webfact said:

By the end of the year TTB Analytics said they expected only 100,000 foreign tourists to have visited Thailand in 2021. Krung Sri went for around 150,000.

I absolutely respect honesty.  I loath lies. 

[petermik]

No it must be wrong....the Government forecasts never lie.....

[Emdog]

Money (Banks) talk and BS (TAT) walks

[metisdead]

A post with a vulgar comment has been removed. 

[Pinot]

Wait, wait, wait a second. Are you saying TAT lies? 

[RafPinto]

Fake news.

Soon, some banks will be sued.

[Pedrogaz]

Most of the "tourists" are people who have ties here, like children or a wife and want o get back.

[hotchilli]

4 hours ago, webfact said:

A report on Brand Inside Asia on the state of foreign tourism in Thailand presented a stark contrast to TAT chief Yutthasak Suphasorn's latest prediction about a million visitors to Phuket in the high season.

TAT chief is becoming a bit of a laughing stock with his predictions, problem is nothing is said to him to keep quiet.

[Sydebolle]

100K to 150K is realistic; take away all those returning home to families and/or work - go figure! All those visiting foreigners I usually see in winter half have chosen different destinations of Sri Lanka, Turkey, Caribbean etc. - all of them. 
Nobody spends a day in a overpriced quarantine with swabs, being welcomed by locals wrapped in transparent garbage bags after being vaccinated, COEs, Visa, insurance of far-above anything a local could cough up ....... go figure! 

[CartagenaWarlock]

5 hours ago, webfact said:

One area the media highlighted was the need for quality vaccine in Thailand.

What is quality vaccines? USA, UK, and Israel are registering record numbers of average 7-day infection and death in contrast to Chile and Cambodia. Western media propaganda just amazes me. 

[MrJ2U]

All that could have been avoided if they ordered 200-300 million quality vaccines.

 

Extras could be donated to there neighbors creating good will

 

Now its costing them in lost revenue a lot more than those vaccines would have cost.

 

Utterly irresponsible and Dinasor like government.

 

 

[Scrotobike]

1 hour ago, CartagenaWarlock said:

What is quality vaccines? USA, UK, and Israel are registering record numbers of average 7-day infection and death in contrast to Chile and Cambodia. Western media propaganda just amazes me. 

A quality vaccine is defined as anything not from China

Actually a quality (fill in the gap) is anything not from China - that didn't quite work but you get the idea

[bangon04]

"and 3.55 trillion baht had gone missing."   but did that have any connection with the slump in tourist numbers?  or S.O.P.

[Stargeezr]

I believe the banks. TAT is still in fantasy land with their big predictions. One would think that

by now TAT would be more realistic.

  Geezer

[Albert Zweistein]

9 hours ago, Sydebolle said:

100K to 150K is realistic; take away all those returning home to families and/or work - go figure! All those visiting foreigners I usually see in winter half have chosen different destinations of Sri Lanka, Turkey, Caribbean etc. - all of them. 
Nobody spends a day in a overpriced quarantine with swabs, being welcomed by locals wrapped in transparent garbage bags after being vaccinated, COEs, Visa, insurance of far-above anything a local could cough up ....... go figure! 

Turkey in the winter ? You mean for a ski holiday ?

[bojo]

3 minutes ago, Albert Zweistein said:

Turkey in the winter ? You mean for a ski holiday ?

Quite possibly a reactionary typo.....................unless there's something we should know...........

[Albert Zweistein]

2 hours ago, bojo said:

Quite possibly a reactionary typo.....................unless there's something we should know...........

About the climate perhaps ?

[zzaa09]

3 hours ago, Stargrazer9889 said:

I believe the banks. TAT is still in fantasy land with their big predictions. One would think that

by now TAT would be more realistic.

  Geezer

I believe both are covering their backsides for the obvious reasons.

[zaZa9]

13 hours ago, CartagenaWarlock said:

What is quality vaccines? USA, UK, and Israel are registering record numbers of average 7-day infection and death in contrast to Chile and Cambodia. Western media propaganda just amazes me. 

Anything not Chinese if you care to look into it.

Here in Phuket , my Thai wife said yesterday that she  has been contacted and she  is to receive a 3rd vax next month.

And  she stated  loudly  that it wont be Chinese !

Its all good and well for the CCP to convince itself that its the first kid on the block , and that everything Chinese is  bigger , better and cheaper.

But they have done a great deal of  subtle damage to the reputation of Chinese produce over Sinovac and Sinopharm amongst everyday people here in Thailand.

To the point that Im observing a lot more  sarcasm from Thais about , "Made in China" - even open ridicule.

This is because they have had no choice but to consume Chinese in the form of a vax  , and they cannot avoid the fact that the product is clearly lacking.

[soalbundy]

4 minutes ago, zaZa9 said:

Anything not Chinese if you care to look into it.

Here in Phuket , my Thai wife said yesterday that she  has been contacted and she  is to receive a 3rd vax next month.

And  she stated  loudly  that it wont be Chinese !

Its all good and well for the CCP to convince itself that its the first kid on the block , and that everything Chinese is  bigger , better and cheaper.

But they have done a great deal of  subtle damage to the reputation of Chinese produce over Sinovac and Sinopharm amongst everyday people here in Thailand.

To the point that Im observing a lot more  sarcasm from Thais about , "Made in China" - even open ridicule.

This is because they have had no choice but to consume Chinese in the form of a vax  , and they cannot avoid the fact that the product is clearly lacking.

The UK has just recognized Sinovac as a vaccine.

[zzaa09]

11 hours ago, Scrotobike said:

A quality vaccine is defined as anything not from China

Actually a quality (fill in the gap) is anything not from China - that didn't quite work but you get the idea

Considering everything you know has it's origins in China [and other Asian locales].

[sammieuk1]

3.55 trillion gone missing just ask Joe to fess up ???? 

[Benmart]

17 hours ago, Pinot said:

Wait, wait, wait a second. Are you saying TAT lies? 

Afterall, it is an arm of government.

[Sydebolle]

7 hours ago, Albert Zweistein said:

Turkey in the winter ? You mean for a ski holiday ?

What's wrong with beautiful Turkey? Fact is that you enter without any avalanche of bureaucracy and enjoy skying or beach leisure - depending on the time of the year! 

[robertson468]

Failure to order recognized vaccines, failed to order sufficient, too late ordering TAT coming out with outrageous projections of Tourist arrivals, making them a laughing stock, plus it would seem the Thais themselves no longer trust Sinovac or Sinopharm.  Life is certainaly interesting in LOS.  Oh just had my third vac yesterday which was Astro Zenica.  Had a fever for 24 hours, but now find and dandy.

[mikebell]

21 hours ago, webfact said:

tourism was 79% down on 2019 figures and 3.55 trillion baht had gone missing.

 

Two out of every three baht is down to the lack of foreigners.

Now imagine these figures without the mobile ex-pats who have been trapped here & can soon take their 800K to a country where they are valued; with no bent cops; no wild dogs; no litter; no carcinogenic air yet with safe roads where you can own your own house.

[Gsxrnz]

I have recorded below the comprehensive list of accurate forecasts ever made by TAT:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Albert Zweistein]

5 hours ago, Sydebolle said:

What's wrong with beautiful Turkey? Fact is that you enter without any avalanche of bureaucracy and enjoy skying or beach leisure - depending on the time of the year! 

Fully agree, nothing wrong but it's not a destination to escape from winter like Thailand.