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Economic downturn in China = fewer holiday bookings for Phuket


webfact

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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?

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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

 

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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 by Deli
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