Jump to content

Good news from airports as arrivals help offset damage from inflation and supply chain blocks


webfact
 Share

Recommended Posts

1 hour ago, Isaan sailor said:

OK, I’ll wait patiently for the Baht to depreciate to 36 on the USD.  But I won’t hold my breath…

You don't think well over 35 is good enough, or as good as it might get? I think it likely to roll back a little as tourism gets going again here. 

  • Like 1
Link to post
Share on other sites

2 hours ago, blazes said:

 

If I have to choose between Thailand (and all its remaining obstacles regarding visas) and Mexico, which has practically nothing obstructing the way of tourists for six whole months, which country am I going to visit when the rain and snow come along?

Well it won't be Mexico 

Edited by kwak250
  • Confused 1
  • Sad 1
Link to post
Share on other sites

3 hours ago, Dialemco said:

Regarding devaluation of Baht this in actual fact has occured against all major currencies

In actual fact it has not. From the article:

6 hours ago, webfact said:

the Thai currency has held its own or even gained against other currencies such as the Pound Sterling and Euro.

On a personal note, I now get over 1000 baht less when I transfer money from the UK than I did in February.

  • Like 1
Link to post
Share on other sites

3 hours ago, Dialemco said:

Obviously tourism will increase owing cancellation of entry conditions but more could be done such as extending visa exemption to 60 days and making it  easier to get short term visas. Regarding devaluation of Baht this in actual fact has occured against all major currencies and not a bad thing as will stimulate tourism and exports  inflationary pressures will continue owing high cost of oil.

All true, above. But took a long long long time for the Gov genius's to wake up! Thailand is a paradise of wonderful people, locations, weather, SMILES, etc. The 90 day reports could well go into the rubbish bin as well! 

3 minutes ago, IamNoone88 said:

GDP negative of -6.2% in 2020 with a growth from that decline in 2021 of 1.6% and a forecast now of 2.5% - still puts the economy well behind 2019 by 2.1% and this does not take into consideration that the country should have had growth under a normal functioning economy during 2020 and 2021 (which widens forecast vs actual). Increase revenue has nothing to do with offsetting national inflation which is outstripping growth by a long way. Bottom line, the economy is still behind 2019 levels, the Gov't borrowing and inflation is a major issue. Public debt has risen to 62% of GDP .... however, compare to the UK at 95.7% or US at 128.9% of GDP is "relatively" good. Dark days, nothing to celebrate yet.

 

Link to post
Share on other sites

5 hours ago, blazes said:

All well, until inflation catches up with tourists all over the world and airfares become unaffordable.

 

If I have to choose between Thailand (and all its remaining obstacles regarding visas) and Mexico, which has practically nothing obstructing the way of tourists for six whole months, which country am I going to visit when the rain and snow come along?

I know it's easier to enter Mexico.  But comparing the two countries is like Apples and Oranges.  

 

I'd take traveling to Thailand other than Mexico at 4 times the price.

 

I find Mexico even more corrupt and the women there usually bordering on obese.

 

It's nice if its a quick visit to a nice all inclusive resort.

 

Thats just my opinion visiting both countries though. 

 

 

  • Like 1
Link to post
Share on other sites

3 hours ago, blazes said:
3 hours ago, kwak250 said:

Well it won't be Mexico 

er, why not?

Too far from Australia

Link to post
Share on other sites

6 minutes ago, MrJ2U said:

I know it's easier to enter Mexico.  But comparing the two countries is like Apples and Oranges.  

 

I'd take traveling to Thailand other than Mexico at 4 times the price.

 

I find Mexico even more corrupt and the women there usually bordering on obese.

 

It's nice if its a quick visit to a nice all inclusive resort.

 

Thats just my opinion visiting both countries though. 

 

 

I think it depends a bit on your departure point. Sure, it's about equidistant and same flying time Heathrow to Mexico City/BKK. 12 hours minimum. For possibly 30% of US citizens, it's a short hop. And, can just drive there!

  • Like 2
Link to post
Share on other sites

4 hours ago, jacko45k said:

You don't think well over 35 is good enough, or as good as it might get? I think it likely to roll back a little as tourism gets going again here. 

With the way the federal reserve is aggressively planning on hiking up interest rates in the short term It wouldn't surprise me to see it reach 37 at some point this year. 

Edited by jwdub12
  • Like 1
Link to post
Share on other sites

20 minutes ago, bradiston said:

I think it depends a bit on your departure point. Sure, it's about equidistant and same flying time Heathrow to Mexico City/BKK. 12 hours minimum. For possibly 30% of US citizens, it's a short hop. And, can just drive there!

Cool.

 

One time I flew to Cancun and rented a jeep and drove to Belize.

 

Beautiful trip.

 

That was 30 years ago though. Border crossings were fairly simple back then. 

  • Like 1
Link to post
Share on other sites

4 hours ago, Bangkok Barry said:

How many people do you know that have vacation time extending beyond 30 days? I would guess that the vast majority of folk come to Thailand for a couple of weeks at most.

Just long enough to lose a necklace or two.

  • Haha 1
Link to post
Share on other sites

5 hours ago, IamNoone88 said:

GDP negative of -6.2% in 2020 with a growth from that decline in 2021 of 1.6% and a forecast now of 2.5% - still puts the economy well behind 2019 by 2.1% and this does not take into consideration that the country should have had growth under a normal functioning economy during 2020 and 2021 (which widens forecast vs actual). Increase revenue has nothing to do with offsetting national inflation which is outstripping growth by a long way. Bottom line, the economy is still behind 2019 levels, the Gov't borrowing and inflation is a major issue. Public debt has risen to 62% of GDP .... however, compare to the UK at 95.7% or US at 128.9% of GDP is "relatively" good. Dark days, nothing to celebrate yet.

You could be laying your figures ish on most countries because of the covid pandemic . One part you did not mention was the concerning  national household debt that is forecast to hit 95% of gdp this year . Any rise in interest rates will have a devastating effect on many families who must be living week to week .

Link to post
Share on other sites

1 hour ago, Tony125 said:

See also:

 

https://travel.state.gov/content/travel/en/international-travel/International-Travel-Country-Information-Pages/Thailand.html

 

and virtually every other country in the world.

 

One thing your govt does not warn you about re LoS is:

the extreme danger of fatality on the roads, especially (but not limited to)

at night.

Link to post
Share on other sites

9 hours ago, blazes said:

All well, until inflation catches up with tourists all over the world and airfares become unaffordable.

 

If I have to choose between Thailand (and all its remaining obstacles regarding visas) and Mexico, which has practically nothing obstructing the way of tourists for six whole months, which country am I going to visit when the rain and snow come along?

Thailand, any day.

Link to post
Share on other sites

4 hours ago, bradiston said:

The most visited country on earth is France. Approaching 100m pa. Yet the 2019 revenue from same represents only 2.6% of GDP.

Put it like that, doesn't mean anything. Most Europeans can "visit France" as a short weekend trip driving their car or on a low-cost airline, they pay one night hotel and couple of meals, that's it. So, the low GDP contribution is easily explained. Comparing with Thailand is impossible - well, except maybe the Malaysians hopping to S. Thailand for a wild casino-massage weekend.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...