Can Thailand tourism overcome crisis?

Thailand loses $700 million worth of tourism in January

Thailand lost around $700 million in tourism revenues in January due to the ongoing clashes and demonstrations in the capital Bangkok. The country saw around 50% fewer tourists in January, while many hotels in the capital are operating at just 30% occupancy.

However, experts are pointing to Thailand’s resilience in such situations. Crises have in the past had a relatively short-term effect on tourist arrivals.

Tourism in Thailand is not just about Bangkok, the World Travel and Tourism Council’s Toby Nicol pointed out on the BBC’s business program. The unrest is not being replicated elsewhere in the country, hundreds of kilometres away, he said.

Overall, travel and tourism in Thailand will be up this year, Nicol suggested.

Tourism accounts for 17% of Thailand’s gross domestic product and around 5 million jobs. The current demonstrations will affect the economy, Nicol said, but “it’s called Teflon Thailand for a reason – any crisis doesn’t stick.”

BBC

[pictured: Sheraton Hua Hin Resort & Spa]

x

Check Also

Kødbyen, Scandic, new hotels, opening, Nordic, Scandinavia, hotel market, planning, Motel L Älvsjö Centrum, stockholm, Sweden, Downtown Camper, marski, helsinki

Nordic hotel market set to grow

A number of new properties are preparing to open

Sheraton Grand, branding, luxury travel

Finest Sheraton hotels to rebrand to Sheraton Grand

Starwood Hotels & Resorts unveils Sheraton Grand premier tier

Maldives, tourism, tax

Hotel giant takes further steps to save water

Starwood reveals new water conservation strategy

Ethiopia, tourism, hotel

Ethiopia aims to triple tourist numbers by 2020

Ethiopia boasts magnificent terrain and a fascinating history

Arne Sorenson, Marriott, Starwood

Marriott surprises industry by buying Starwood

$12.2 billion deal to create the world’s largest hotelier Following a great deal of speculation ...

Sheraton, Marriott, Starwood, brand

Funny look at future of Marriott and Starwood brands

What changes may happen in Marriott and Starwood brand portfolio