Chinese tourists boost Thailand’s hotel sector with rapid recovery

[webfact]

The number of Chinese tourists visiting Thailand is on a rapid recovery trajectory this month, a trend analysts predict will continue into the Chinese New Year on February 10. This resurgence is expected to provide a much-needed boost to local hotels during this peak season.

 

Statistics from December have shown a revival in visitors from key markets such as China, Russia, South Korea, and India, according to official data. In the first half of this month, average daily arrivals from China surged to 47% of the daily average during the same period in 2019, reported Boonyakorn Amornsank, an analyst at Maybank Kim Eng Securities (Thailand).

 

This analyst predicts that this upward trend will continue through to the Chinese New Year. However, he also points to the slow resumption of flight capacity for Chinese flag carriers as a potential risk to the Tourism Authority of Thailand’s target of 8.2 million Chinese visitors in 2024, compared to the 3.5 million projected for this year.

Maybank anticipates that key international tourist markets such as Europe, South Asia, Oceania, and the Middle East will fully recover in the fourth quarter of next year. Furthermore, the slow recovery of Chinese group tours is not expected to significantly impact hotels’ earnings forecasts.

 

by Alex Morgan

Photo courtesy of iStock

 

Full story: The Thaiger 2023-12-27

 

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[petermik]

B/S I say...B/S.

[BayArea]

The incessant news on tourism numbers is reeking of pure desperation!! If you didn't know any better,  one would think tourism accounts for 50% of the GDP of Thailand. 

[Will B Good]

The BP......(Beijing Post)......never give up reporting on how the Chinese are Thailand's saviour's.....pathetic kow-towing in the extreme.

[DPKANKAN]

So why did the Chinese Airlines recently announce a sharp reduction in flights here and cancelled so many landing slots for the new year???? 😏😏😏😏

[daveAustin]

Up, down, up, down...

 

Quote

revival in visitors from key markets such as China, Russia, South Korea, and India

 

How wonderful!

[hotchilli]

3 hours ago, webfact said:

The number of Chinese tourists visiting Thailand is on a rapid recovery trajectory this month, a trend analysts predict will continue into the Chinese New Year on February 10. This resurgence is expected to provide a much-needed boost to local hotels during this peak season

More optimism... 

[blazes]

6 hours ago, webfact said:

reported Boonyakorn Amornsank, an analyst at Maybank Kim Eng Securities (Thailand).

 

as much authenticity to this name as Joe Sixpack of Nakhon Nowhere....

[DonniePeverley]

Why do we get a day by day account on Chinese tourism? This is insane. 

 

Chinese tourism will return slowly. Most countries are seeing less Chinese tourists. But why are Thailand specifically almost in a begging state for Chinese tourists? 

 

A tourist is a tourist ... what's the difference between 5 million Chinese tourists and 5 million European tourists? Yet they don't really have a begging bowl approach to other countries. 

 

 

[Emdog]

Government news releases remind me of the bible: look around and you can find a verse or two to support any view you may have: Chinese not coming but they are leading the hotel recovery sort of "huh?" moments

[Will B Good]

20 hours ago, DPKANKAN said:

So why did the Chinese Airlines recently announce a sharp reduction in flights here and cancelled so many landing slots for the new year???? 😏😏😏😏

In "TAT world" up is down, down is up, left is right and right is left.....555

[peter zwart]

And my sister is the President of the European union.

[blazes]

2 hours ago, peter zwart said:

And my sister is the President of the European union.

 

Tell me, Black Peter:  is your sister's name Ursula, the Mama Bear who likes to be Laid on?