Cheaper Prices

[h90]

After all the wining that no tourists anymore.

Did anyone see better prices? Any good deal?

When I look around there is either no impact at all or it get complete ignored?

Or everyone wait for the competitor change the price and everyone will drop at the same time?

[robblok]

After all the wining that no tourists anymore.

Did anyone see better prices? Any good deal?

When I look around there is either no impact at all or it get complete ignored?

Or everyone wait for the competitor change the price and everyone will drop at the same time?

They wont drop prices more likely to raise them. (thai logic)

[h90]

After all the wining that no tourists anymore.

Did anyone see better prices? Any good deal?

When I look around there is either no impact at all or it get complete ignored?

Or everyone wait for the competitor change the price and everyone will drop at the same time?

They wont drop prices more likely to raise them. (thai logic)

to raise prices seems to be complete nonsense unless we are in Thailand

So most probably you are right

[geriatrickid]

I used to buy a bottle of whiskey regularly at a friendly bar where I could hang with my friends and not be bothered by the "entertainment" staff. I've known the operator since he was a manager at another place. A bottle with all the mixers was 1800 baht last April. By Christmas it was 2000. In March it went up to 2500. I stopped going there. I can still get a private table and be left alone elsewhere for 1800 baht. This is basically a conversation I had with him a few weeks ago.

TBO: Hey, long time no see. How come you don't come around.

Me: I can't afford to drink here. I'm poor.

TBO: Hahah, no problem you can pay when you have money next year.

Me: Umm, I'd still be poor. So how's business?

TBO: Slow. No customers.

Me: So I see. Maybe it's the pricing?

TBO: No customers. Need to pay the rent.

Me: So you raised the prices? Umm, ok. (Bite lip)

I like this guy but he doesn't get it. You don't increase prices when there's a financial crunch. You cut them to attract clients. Better a small profit than nothing. Not understood here.

[JR Texas]

I used to buy a bottle of whiskey regularly at a friendly bar where I could hang with my friends and not be bothered by the "entertainment" staff. I've known the operator since he was a manager at another place. A bottle with all the mixers was 1800 baht last April. By Christmas it was 2000. In March it went up to 2500. I stopped going there. I can still get a private table and be left alone elsewhere for 1800 baht. This is basically a conversation I had with him a few weeks ago.

TBO: Hey, long time no see. How come you don't come around.

Me: I can't afford to drink here. I'm poor.

TBO: Hahah, no problem you can pay when you have money next year.

Me: Umm, I'd still be poor. So how's business?

TBO: Slow. No customers.

Me: So I see. Maybe it's the pricing?

TBO: No customers. Need to pay the rent.

Me: So you raised the prices? Umm, ok. (Bite lip)

I like this guy but he doesn't get it. You don't increase prices when there's a financial crunch. You cut them to attract clients. Better a small profit than nothing. Not understood here.

Having lived here for 23 years, I can safely say that Thais do not understand basic economics.......especially supply and demand. The almost never lower prices.........when things get bad they raise them. Later you see these shops boarded up. And the owners simply think they were unlucky. Amazing Thailand!

Interestingly enough, a growing number of foreigners in the real estate business are adopting this same business logic. They can't sell or rent out their condos, so they raise the prices. Amazing Real Estate Hounds!

[h90]

I used to buy a bottle of whiskey regularly at a friendly bar where I could hang with my friends and not be bothered by the "entertainment" staff. I've known the operator since he was a manager at another place. A bottle with all the mixers was 1800 baht last April. By Christmas it was 2000. In March it went up to 2500. I stopped going there. I can still get a private table and be left alone elsewhere for 1800 baht. This is basically a conversation I had with him a few weeks ago.

TBO: Hey, long time no see. How come you don't come around.

Me: I can't afford to drink here. I'm poor.

TBO: Hahah, no problem you can pay when you have money next year.

Me: Umm, I'd still be poor. So how's business?

TBO: Slow. No customers.

Me: So I see. Maybe it's the pricing?

TBO: No customers. Need to pay the rent.

Me: So you raised the prices? Umm, ok. (Bite lip)

I like this guy but he doesn't get it. You don't increase prices when there's a financial crunch. You cut them to attract clients. Better a small profit than nothing. Not understood here.

Having lived here for 23 years, I can safely say that Thais do not understand basic economics.......especially supply and demand. The almost never lower prices.........when things get bad they raise them. Later you see these shops boarded up. And the owners simply think they were unlucky. Amazing Thailand!

Interestingly enough, a growing number of foreigners in the real estate business are adopting this same business logic. They can't sell or rent out their condos, so they raise the prices. Amazing Real Estate Hounds!

Well not all, my wife (but not tourism branch) after she saw the Jan + Feb figures lowered all prices by 10 %.

(but she is half chinese)

[phetaroi]

Just for the sake of debate, many airlines, particularly in America, continue to keep fares relatively low despite rising fuel costs. Their proposition -- increased competition will lead people to their company. Unfortunately not true, and several have gone belly up or been bought out. American carriers were probably healthier before deregulation.

[tartempion]

"continue to keep fares relatively low despite rising fuel costs"

And I thought fuel came down from 150USD/barril to 50USD???

[peter991]

It's not all doom and gloom, although I tend to agree with what I have read so far about Thai logic.

I recently bought a set of seat-covers for a relative's pick-up in Khon Kaen as they were on 'promotion' - with a saving of about 40%. Not only did the salesman sell them to me, he insisted on coming outside to the pick-up and fitting them personally and checking we were all satisfied with them.

I asked him why the 'promotion.' He replied that sales had slumped and he needed the business. I congratulated him on his (non-Thai) thinking.

Peter

[phetaroi]

"continue to keep fares relatively low despite rising fuel costs"

And I thought fuel came down from 150USD/barril to 50USD???

I'm looking at it very long term, and many American carriers have had pretty marginal profits for years.

[BigSnake]

Nothing cheaper in my neck of the woods.

[noahvail]

"continue to keep fares relatively low despite rising fuel costs"

And I thought fuel came down from 150USD/barril to 50USD???

I'm looking at it very long term, and many American carriers have had pretty marginal profits for years.

True enough...and a lot of them have stopped flying, having been bought out by other carriers - normal capitalism at work. I think you'll find that the ones that went belly-up did not provide the level of service that their competitors did - an insight that ThaiAir seems unable to grasp. Didn't the government say that ThaiAir was going to lower its prices? And now their last quarter was the worst ever - but I haven't seen fare decreases, but increases. I used to like ThaiAir, but I'm now voting with my feet.

[Dwitch]

"continue to keep fares relatively low despite rising fuel costs"

And I thought fuel came down from 150USD/barril to 50USD???

I'm looking at it very long term, and many American carriers have had pretty marginal profits for years.

True enough...and a lot of them have stopped flying, having been bought out by other carriers - normal capitalism at work. I think you'll find that the ones that went belly-up did not provide the level of service that their competitors did - an insight that ThaiAir seems unable to grasp. Didn't the government say that ThaiAir was going to lower its prices? And now their last quarter was the worst ever - but I haven't seen fare decreases, but increases. I used to like ThaiAir, but I'm now voting with my feet.

Thai Airways have just given us ( In New Zealand ) lower airfares !! On sale now until 12th May for travel 27th April thru to 30th November And I took them up ontheir offer

[paulspad2002]

yeah but as i said earlier its only for flights going for up to 3 months......im going for 4months and guess what the price goes up to...yup u guessed it another 500 buks......<deleted> just plain <deleted>

[swain]

I have seen price drops in staples, maybe not real price drops but specials that add up to real savings instead of the normal 2 baht off a 60 baht purchase. I anticipate even greater savings in the near future as competition heats up over less demand.