Article in the Bangkok Post Business Section needs explaining

[elgordo38]

Headlines Central on the hunt for assets.

I was reading this article and came across the following statement by the chief executive stating "Whenever the economy goes down the number of tourists will increase" I know I only have a grade 10 education but could someone please explain to me how this makes sense. Is it one of those the glass is half full or the glass is half empty statements. Sure beats me.

[Soutpeel]

"Whenever the economy goes down the number of tourists will increase"

it comes from the same Thai economics book which says when there are lessor tourists, increase the room rates to make up the short fall in income...

Edited February 26, 2015 by Soutpeel

[AlexRRR]

Ahh its called big buisness bulls**t speak just before they jack up prices.

[VillageIdiot]

"Whenever the economy goes down the number of tourists will increase"

it comes from the same Thai economics book which says when there are lessor tourists, increase the room rates to make up the short fall in income...

No, no, you misunderstand.

When there are 'lessor tourists' , you give them lessor services.

That will be sure to increase the revenue stream.

[CharlieH]

As this is "Business related" now moving it to the Business section for more focused response

[AlexRRR]

Im focused....and yes yes either raise prices or offer less how silly of me...

[HarleyKrishna]

I'm guessing the above posts are sarcasm, but what I think what he's saying is, if the baht is weak against the USD, Euro, CND, AUD, etc. it will attract more tourists because they get more for their money.

[Robert24]

Why not ask CPN directly? It may just be a translation issue from Bangkokpost. As an aside, CPN in my view is one of the better companies here with very strong management. Been holding their shares for a long time and see no reason to sell it.

[Berkshire]

I'm guessing the above posts are sarcasm, but what I think what he's saying is, if the baht is weak against the USD, Euro, CND, AUD, etc. it will attract more tourists because they get more for their money.

You are correct. The other posts could be sarcasm, but more than likely, just idiots.