Virus crisis to cost Thailand’s tourism dearly

The coronavirus crisis is likely to cost Thailand at least 50 billion baht ($ 1.63 billion) in lost tourism income as a result of China’s ban on tourists leaving its affected cities, according to the Tourism Council of Thailand. The estimated losses are based on the average spending of 50,000 baht per Chinese tourist visiting Thailand and an estimated drop of one million in the number of Chinese arrivals due to the virus, council chairman Chairat Trairatttancharatphon said.

If the virus outbreak persists longer than expected, its impact on Thailand’s tourism industry will be more substantial, he said, adding that small and medium-sized tourism businesses would be more severely affected by the health crisis because they have less capital than large tourism business operators.

Over the past few days, hoteliers in Bangkok and other popular tourism destinations such as Chiang Mai, Phuket, Krabi, Pattaya and Koh Samui were reporting a significant number of cancellations, not only of Chinese groups but also independent travelers.

Another key segment that is likely to suffer an impact is the island’s conference and exhibition business, as many large events and meetings are held in the low-season. According to reports, some event organisers are delaying events until there is greater certainty over the current crisis.

Mainland Chinese account the lion’s share of international travelers to Thailand. Last year, they counted nearly 11 million, more than a quarter of total international visitors to the country.

Overall, foreign tourist arrivals hit a record 39.8 million last year after a rise of seven percent to 38.2 million in 2018. This year, the target of 41.8 million tourists set by the Tourism Authority of Thailand may be difficult to reach with the dip in Chinese arrivals.

The coronavirus crisis is likely to cost Thailand at least 50 billion baht ($ 1.63 billion) in lost tourism income as a result of China’s ban on tourists leaving its affected cities, according to the Tourism Council of Thailand. The estimated losses are based on the average spending of 50,000 baht per Chinese tourist visiting Thailand and an estimated drop of one million in the number of Chinese arrivals due to the virus, council chairman Chairat Trairatttancharatphon said. If the virus outbreak persists longer than expected, its impact on Thailand's tourism industry will be more substantial, he said, adding that...

The coronavirus crisis is likely to cost Thailand at least 50 billion baht ($ 1.63 billion) in lost tourism income as a result of China’s ban on tourists leaving its affected cities, according to the Tourism Council of Thailand. The estimated losses are based on the average spending of 50,000 baht per Chinese tourist visiting Thailand and an estimated drop of one million in the number of Chinese arrivals due to the virus, council chairman Chairat Trairatttancharatphon said.

If the virus outbreak persists longer than expected, its impact on Thailand’s tourism industry will be more substantial, he said, adding that small and medium-sized tourism businesses would be more severely affected by the health crisis because they have less capital than large tourism business operators.

Over the past few days, hoteliers in Bangkok and other popular tourism destinations such as Chiang Mai, Phuket, Krabi, Pattaya and Koh Samui were reporting a significant number of cancellations, not only of Chinese groups but also independent travelers.

Another key segment that is likely to suffer an impact is the island’s conference and exhibition business, as many large events and meetings are held in the low-season. According to reports, some event organisers are delaying events until there is greater certainty over the current crisis.

Mainland Chinese account the lion’s share of international travelers to Thailand. Last year, they counted nearly 11 million, more than a quarter of total international visitors to the country.

Overall, foreign tourist arrivals hit a record 39.8 million last year after a rise of seven percent to 38.2 million in 2018. This year, the target of 41.8 million tourists set by the Tourism Authority of Thailand may be difficult to reach with the dip in Chinese arrivals.

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