Tourism sector predicts B10bn loss

The invoking of the emergency decree in Bangkok and vicinity on Tuesday could cost the tourism sector about 10 billion baht in lost revenue, according to Chidchai Sakornbordee, chairman of Thai Tourism Business Association.

He said number of foreign tourists visiting Thailand is dwindling and hotel reservations by foreign tourists have been cancelled since the beginning of anti-government protests in November 2013.

After the invocation of the emergency decree, the number of foreign tourists to Thailand during the fourth quarter of last year and the first quarter of this year, the tourism high season, is projected to drop by between 30% and 40% on the fourth quarter of 2012 and the first quarter of 2013, Mr Chidchai said.

The loss in tourism revenue is projected at 10 billion baht, he added.

A large number of Chinese tourists visit Thailand at the end of each year and during the Chinese New Year festival, but they had cancelled their trips to Thailand because the Chinese government had issued a warning not to visit Bangkok for safety reasons, he said.

About 30 flights to Bangkok from China and at least 10 flights from Russia had been cancelled, he said.

Foreign tourists have been caught in the middle of anti-government protests in Bangkok. (File Photos)

Share your thoughts

Discussion 1 : 22/01/2014 at 06:42 PM
Well rents will go down at least Soon low traffic
Discussion 2 : 22/01/2014 at 06:06 PM
It clearly states it is the comparison based on the figures from last years high season (2012/13) to this years high season (2013/14)
Discussion 3 : 22/01/2014 at 05:48 PM
I have a feeling the losses will be greater than 10 billion baht if you consider the money that cannot be counted in the statistics due to it being spent by tourists at businesses that don't declare some or all income ie. food stalls, markets, transport...
Discussion 4 : 22/01/2014 at 05:33 PM
I think a lot of BKK middle class need a really good hard hit in the pocket to shake them out of this current round of stupidity. Are we to believe there are no potential good leader with the courage to stand out from this idiocy? Or are we seeing Thais complying with the wishes of their elders to the extent they will ruin the country. They seeing this as on last push to get Suthep in... But into what? There will be nothing there to Govern and no chance of over half the country taking part. Up to you now Educated middle class. Can you rise to the challenge of your generation? looking unlikely
Discussion 5 : 22/01/2014 at 05:22 PM
This is not surprising. Who would want to visit at this time. Personally, I think Thailand has had its day.
Discussion 6 : 22/01/2014 at 05:18 PM
We are in the 1st Quarter of 2014 not 2013!
Discussion 7 : 22/01/2014 at 04:56 PM
That is just this year, how about some projected figures for the next few years....now that people have found other destinations equally as good as Thailand...
Discussion 8 : 22/01/2014 at 04:56 PM
10 billion loss? That's peanuts compared to the 105 billion that the Government owe to the rice farmers who are sill waiting ...
Discussion 9 : 22/01/2014 at 04:25 PM
Much of this loss could have been avoided if the Govt. had agreed to postpone the election date !
Discussion 10 : 22/01/2014 at 04:04 PM
About 30 flights to Bangkok from China and at least 10 flights from Russia had been cancelled. WOW, that's a lot! What a shame!

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