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Thai Restaurant Industry Faces Crisis, Urges Government Action


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The Thai Restaurant Association has cited a troubling downturn in consumer spending, with sales plummeting below 50%, an issue raised on 9th September 2024 by Mrs. Thaniwan Kulmongkol, the association's president. She has called for more detailed explanation and concrete steps in the government’s 10 urgent policies to address the crisis.

 

The restaurant industry has been battered by multiple challenges, including stiff competition from cheap imported goods and foreign businesses facilitated by the TEMU Chinese application. Thaniwan stressed the importance of government support for SMEs and a more stringent execution of the laws that protect local enterprises.

 

The association has presented three immediate requests:

1. Reassess the planned nationwide minimum wage hike to 400 baht, set to take effect on 1st October, to mitigate additional strain on businesses.

2. Implement measures to cap or reduce energy costs, such as electricity bills.

3. Fast-track the disbursement of the 2024-2025 budget to inject funds into the economy, thus boosting consumer spending.

 

Particularly hard-hit regions like the North and Northeast are experiencing even more severe declines. The association supports the government's upcoming initiative to distribute 10,000-baht digital wallets in September but insists that these funds should be usable in all types of eateries, including small, family-run restaurants, not just major chains.

 

Thaniwan aims for a holistic response from the government, hoping to revitalise the sector and support struggling businesses. The association's plea underscores the need for immediate and effective actions to safeguard the future of Thailand’s vibrant restaurant industry, reported The Pattaya News.

 

Photo: The Pattaya News

 

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-- 2024-09-10
 

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Why do businesses always fight min wage increases?   

This 10k vote buying scheme needs to die or be available to spend at any food eatery but not booze or cigarettes. 

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12 hours ago, snoop1130 said:

She has called for more detailed explanation and concrete steps in the government’s 10 urgent policies to address the crisis.

Short term stimulus policies are all they have.

No long term strategies to increase the economy.

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23 hours ago, snoop1130 said:

Reassess the planned nationwide minimum wage hike to 400 baht,

 

How many restaurants have over 200 employees? Seems like the restaurant association only represents the big chains.

 

Also, if your business is a restaurant, and you list imported food as competition, I suggest you food must be really crap if people are willing to wait days to eat 555

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Thailand has opened the flood gates to cheap mass tourism from India and China ... which in turn has driven away quality tourists (who do not want to spend time with mass tourism). 

 

Vast majority of indians do not go shopping in malls or eat in restaurants. 

 

So when you direct policies to attract cheap tourists, you should not be surprised when you see cheapness around you.

 

Why not attempt to clean up the tourism industry by attracting quality? More numbers is not always better. 

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17 hours ago, Woke to Sounds of Horking said:

Are you suggesting that there are no "quality tourists" from India and China? How do we define "quality tourist"? Maybe it should be part of the TV application process...

 

 

Go look at the spending average per visitor. Indians are the lowest spenders. 

 

Even African countries have tighter restrictions on allowing Indian visitors than THailand. 

 

What's also a smack in the face, is that India don't let in Thai's without a strict visa !!!! Yet Thailand this year has just waved the red carpet for them.

 

When there GDP per person is 3 tiimes less than a Thai's ... they will start coming here to work, just watch. 

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Yes but Thailand opened the gates to Russian tourists, who have done a really good job so far at starting up businesses and contributing to the local economies. More than offsets the cheap Indians. Regarding the Chinese tourists you go to King Power on Rangnam Rd and its packed to the gills, those tourists throwing cash around like confetti. So Thailand wins some, loses some. Cant win em all buddy!!

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