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Thailand to move away from foreign tourism and rely more on home travellers in the latest TAT masterplan


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It’s not just external, or internal, problems. The TAT always comes out with lofty grandiose schemes to rake in ‘trillions of baht’ but flip-flops every 5 minutes and never tells it how it is. “We expect record breaking visitors”, “visitor number are down but will treble by the end of the year”, “millions will come from China”, “there is a downturn in visitor numbers”, “no there isn’t, we’re gonna have a bumper high season”, “screw foreigners, locals will make up the shortfall!”  
 

The whole thing should be disbanded and run by someone competent, like an 8th grade school kid!

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Is it those domestic tourists who now are burdened with record levels of Household Debt that are going to drive the revival?

 

I might have left some out, but since Covid, TAT and other officials have announced these plans for tourism:

 

1) It will be the IT Center of SE Asia

2) It will be the Hollywood/Bollywood of SE Asia

3) It will entice digital nomads

4) Visa free and extended stay visas will bring in free-spending Indians, Chinese & Russians in droves (when instead it's brought in lots of fake watch sellers, TikTokers and mafia/triads)

5) Thailand will draw 'quality tourists', whatever that means today

6) Thailand will attract snowbirds

7) Thailand will allow casinos, making it the Las Vegas of SE Asia

8) Letting bars and clubs to stay open until 4am will (somehow) increase revenue by 30-50%

 

 

 

 

 

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5 minutes ago, stoner said:

 

you mean the ones carrying almost a 100 percent debt to gdp ratio ? 

You don't know any more than I do, which segment of the Thai population is most over indebted but we can guess. Is it the rural poor or is it the middle classes that have jobs and assets, hmmm, tricky that one! 

 

Here's the breakdown on that Consumer debt, note that which is not collateralized:

 

https://app.bot.or.th/BTWS_STAT/statistics/BOTWEBSTAT.aspx?reportID=891&language=ENG

Edited by Mike Lister
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2 minutes ago, Mike Lister said:

You don't know any more than I do, which segment of the Thai population is most over indebted but we can guess. Is it the rural poor or is it the middle classes that have jobs and assets, hmmm, tricky that one! 

 

its not tricky at all. the stats are there to see. most of them are swimming in debt. 

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4 minutes ago, Mike Lister said:

You don't know any more than I do, which segment of the Thai population is most over indebted but we can guess. Is it the rural poor or is it the middle classes that have jobs and assets, hmmm, tricky that one! 

 

correction its about 62. 

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Just now, stoner said:

 

its not tricky at all. the stats are there to see. most of them are swimming in debt. 

See the BOT link above, just because loans are 100% of GDP, doesn't mean that 100% of the population is indebted. There is also a big difference between collateralised and uncollateralized loans.

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8 minutes ago, bob smith said:

Thailand really needs to fully comprehend it's place on the world stage. It is middle of the road at best. People used to come here because it was cheap but that is no longer the case. Places like Phuket and Samui are comparable price wise with London and New York now...

 

It's just a lot easier these days to nip across to spain or portugal for most people than bother with the expensive long haul flight here.

You need to realise that UK visitors to Thailand aren't even part of the equation, their numbers are so small as to be economically irrelevant.

 

  1. Malaysia: 367,530 visitors
  2. China: 328,375 visitors
  3. India: 131,230 visitors
  4. Russia: 115,743 visitors
  5. South Korea: 95,229 visitors
  6. Vietnam: 84,221 visitors
  7. United States: 70,977 visitors
  8. United Kingdom: 70,089 visitors
  9. Laos: 68,204 visitors
  10. Hong Kong: 67,771 visitors

 

https://www.thailand.go.th/issue-focus-detail/009_165

 

In 2020, UK tourists accounted for 2.4% of total visitors.

 

https://trail.bananabackpacks.com/thailand-tourism-stats/

Edited by Mike Lister
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2 hours ago, jacko45k said:

Bar owners too are saying that although claiming it is 'picking up'......Plenty of traffic on the streets though, and out on major roads around town. 

Yes plenty of traffic and this proposal is just going to make all the jammed up roads even worse in places like Pattaya where there will  be even more of these happy s*** events along the beach

Edited by morrobay
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Just now, bob smith said:

UK visitors actually spend money here in hotels, restaurants and nightlife.

 

How many Laotian nationals do you see living it up on Pattaya's walking street? How many vietnamese are staying in 5 star hotels ?

See my late edit in previous post, UK tourists represent 2% of all tourists. 

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