Coming long holiday this weekend will see Thais spending over 5.7 billion baht

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Coming long holiday this weekend will see Thais spending over 5.7 billion baht



BANGKOK: -- The coming long holiday over the weekend will see Thai people spending more than five billion baht in religious activities, travels and shopping, according to the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce.

Centre director Thanawat Polwichai said as Thai people will be enjoying a long holiday in the coming weekend with the arrival of the Buddhist Lent and Buddhist Lent Eve, he predicted that the holidays will generate the highest cash flows in the country for a period of 5 years.

The prediction was based on a recent survey made to gauge consumer spending behavior during the 5 day Buddhist Lent holiday.

Mr Thanawat said that the survey strongly suggested that there will be a dramatic increase in cash flows during the period of almost 5.78 billion baht.

This will represent a 7.6% increase and is the highest it has ever seen in the country in a 5 year period, he said.

Such a high spending will come from domestic tourism which expected to generate on average 4,156 baht per person, or a 62% increase from previous survey.

For religious purposes, consumers’ spending will increase by a dramatic 59% or an average of 4,571 baht per person.

Mr Thanawat said further that the high spending is entirely due to growing confidence in the economic recovery.

Source: http://englishnews.thaipbs.or.th/coming-long-holiday-weekend-will-see-thais-spending-5-7-billion-baht/

-- Thai PBS 2016-07-15

[ratcatcher]

And Thailand should pray that a large portion of that 5 billion baht is not on medical and hospital expenses following the hundreds of accidents about to happen.

[ezzra]

I have been always fascinated by all those imaginary and rectum's originated figures and numbers,

I mean, you have all those talking heads that just let loose such numbers as they see fit and to impress

their bosses, I would love to be privy to the methods they use to calculate all those fantastic numbers

and figures......

[nausea]

"You spend 5.78 billion baht, and what do you get, another 5 days older, and deeper in debt."

[Franky Bear]

And Thailand should pray that a large portion of that 5 billion baht is not on medical and hospital expenses following the hundreds of accidents about to happen.

Sadly we have had one already in our village. A middle aged guy drunk on his bike this morning died on SR. Really sad.

[anon467848]

Where are all the Thais getting the spare cash from? It's not the end of the month, so many won't have their salary in the bank. Also, I thought economy was in turmoil and there was record household debt... Perhaps they are using their credit cards if they are not already maxed out...

Edited July 15, 2016 by merlin2002

[american12bthai]

that about the same amount of money the government got for tackling corruption in phuket. NO BIG DEAL.

[MissAndry]

Where are all the Thais getting the spare cash from? It's not the end of the month, so many won't have their salary in the bank. Also, I thought economy was in turmoil and there was record household debt... Perhaps they are using their credit cards if they are not already maxed out...

Lottery day tomorrow, they're all winners.

[upena]

Absolutely impossible to know

[sahibji]

small booster for the economy.

alongside the revelries people should

also reflect on the virtuous Buddhism

religion and the teachings enshrined therein.

that will make the holidays more charishable.

[SABloke]

So does anybody know if alcohol is being sold today at 7/11 etc.

[saakura]

So does anybody know if alcohol is being sold today at 7/11 etc.

You should run now, it will be sold until midnight.

[sgtsabai]

My calenders show the long weekend starting next week on the 19th. Not this week.

[ozyjon]

long holiday this weekend will see Thais spending over 5.7 billion baht

I should open a hot dog stand

hot doggies, get your doggies here.

[Mook23]

80thb per person. wow!

[bbbbooboo]

Hmmmm......more wholesale senseless slaughter on Thai roads coming up.....hmmm.....5.7 billion......hic

[MaiChai]

Monks will rubbing their hands!

[NongKhaiKid]

So spending for ' religious purposes ' is to rise by 59% or more than Bt. 4,500 per person !

Looks like the temples will be making a killing.

[ratcatcher]

My calenders show the long weekend starting next week on the 19th. Not this week.

Your calendars are correct. Tuesday and Wednesday are the start of Buddhist Lent. So the government adds Monday as an extra holiday and add in Saturday (today) and Sunday and you have 5 days holiday.

How can a long weekend start on a Tuesday?

[DrTuner]

Yeah, buying into religious activities will ensure you're not reborn as a cockroach. One born every minute..

[NongKhaiKid]

This forecast comes from The University of the Thai Chamber of Commerce so just wait until the Minister of Tourism weighs in !

[ramrod711]

For religious purposes, consumers’ spending will increase by a dramatic 59% or an average of 4,571 baht per person.

Loan sharks ecstatic! In my village they announce the amount that every person donated to the Wat, no pressure there.

Edited July 16, 2016 by ramrod711

[NongKhaiKid]

For religious purposes, consumers’ spending will increase by a dramatic 59% or an average of 4,571 baht per person.

Loan sharks ecstatic! In my village they announce the amount that every person donated to the Wat, no pressure there.

Great advertising pitch for the 'sharks -

Are U a good Buddhist, will U be donating Bt. 4,571 to the wat this weekend ?

Oh, U don't have the money ! Don't worry we can help, U do want to make merit don't U ? !

[BuaBS]

80thb per person. wow!

I did my part : spend 400 B extra on my religion : food !

[mania]

So does anybody know if alcohol is being sold today at 7/11 etc.

You should run now, it will be sold until midnight.

Actually I *think* only Tuesday & Wed next week would be non alcohol days as those are the

Buddhist holidays

The weekend is just a weekend & Monday is just a gimme from the Head Cheese guy

[Mook23]

80thb per person. wow!

I did my part : spend 400 B extra on my religion : food !

i did my part too and went for 5 large leos instead of the usual 4. that's an EXTRA 55 thb spent. i'm soooooooooooo hiso!!!!

[dcnx]

Based on all the local Thai bars and clubs that are packed, I'd wager 1/2 of that is going to booze. Divide the rest up between smokes, food, gas, and making merit.

[Felt 35]

80thb per person. wow!

What number do you use on population then?

[Mook23]

80thb per person. wow!

What number do you use on population then?

er, can't u do the math yourself.... ??? around 70.000.000

[ddavidovsky]

Hasn't everybody got all the junk they need by now?

Presumably they're now busy buying all the junk they don't need.

Edited July 17, 2016 by ddavidovsky