Economic downturn in China = fewer holiday bookings for Phuket

[webfact]

The downturn in the Chinese economy is having a knock-on effect on Thailand’s tourism outlook, according to a Bangkok Post report. In particular, tourism operators say forward bookings for October’s Golden Week holiday are down.

 

Chinese travellers have been both the national and Phuket leader in tourist arrivals over the past few months, overtaking Russian arrivals since those number have started to dwindle.

 

The vice-president of the Tourism Council of Thailand says travel agents have confirmed bookings are slower than usual for the China National Day, one of the biggest holidays in the Chinese calendar.

 

By Peter Roche

Flickr/Dawn in Phuket, Thailand

 

Full story: https://phuket-go.com/phuket-news/phuket-news/economic-downturn-in-china-fewer-holiday-bookings-for-phuket/

 

-- PhuketGO 2023-08-18

 

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[Lucky Bones]

And our TAT didn't see this coming,????????

[stoner]

i am about to move to phuket. 

[BarraMarra]

This weekend's upcoming statement from TAT " Although there is a smaller amount of Visiting Chinese numbers a TAT spokesman has confirmed higher numbers are expected with higher bookings than expected.

[ikke1959]

TAT members are being stressed... They need new calculators, as the ones they have now will not work as they wanted...

[hotchilli]

17 hours ago, webfact said:

The downturn in the Chinese economy is having a knock-on effect on Thailand’s tourism outlook, according to a Bangkok Post report. In particular, tourism operators say forward bookings for October’s Golden Week holiday are down.

Ohhh dear the mass bookings of Chinas tour groups seem to be diminishing.

And Chinas wealthy tourist is going elsewhere?

[RichardColeman]

You mean the 5.5% growth figures coming out of China are not real ? 

[spidermike007]

Hold on a minute. This news is not fair. Truth cannot possibly be truth. And the TAT cannot possibly be wrong about their prediction of 30 million. Not fair! 

[Cake Monster]

18 hours ago, webfact said:

The downturn in the Chinese economy is having a knock-on effect on Thailand’s tourism outlook, according to a Bangkok Post report. In particular, tourism operators say forward bookings for October’s Golden Week holiday are down.

I am wondering jut how big the impact will be on Thailand as a whole

For sure the Country will have exposure to the Chinese property Market as well as the Money Markets, and any effect on Tourism could possibly be a minor issue going forward

 

[Deli]

I just hope the commies will all go broke and back to Maoism. Those were the good days. Evergrande has thrown the towel already in the US, let's see who's next.

Edited August 19, 2023 by Deli

[Adumbration]

China is done for.

 

Unsolvable problem with inverted population pyramid.

 

Australian dollar is done for also.

[BarraMarra]

22 hours ago, ikke1959 said:

TAT members are being stressed... They need new calculators, as the ones they have now will not work as they wanted...

Yes some of the colored Beads have fallen off there Abacus so now they have to guess

[Irish star]

The Buffets are Safe for the time being 

[Irish star]

12 hours ago, RichardColeman said:

You mean the 5.5% growth figures coming out of China are not real ? 

Unemployment could be as high as 25 to 40% in China so they are not releasing figures 

[Ben Zioner]

Good.

[SoilSpoil]

On 8/19/2023 at 7:32 PM, Ben Zioner said:

Good.

Never heard of the domino effect I guess?

[Ben Zioner]

12 minutes ago, SoilSpoil said:

Never heard of the domino effect I guess?

I did, that's how I got to Nam.