Results 1 to 3 of 3
  1. #1
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online

    Locust Decline Worries Greedy Merchants

    Punched in the Face: Plunge in Chinese Tourists Rattles Thailand
    By Randy Thanthong-Knight (Bloomberg)
    October 3, 2018, 4:00 AM GMT+7

    Chinese tourist arrivals in Thailand are tumbling, dragging down overall visitor growth in the Southeast Asian nation and dimming the outlook for an economy that relies on spending by holidaymakers.

    Travelers from China slid 12 percent in August, the biggest drop in more than a year, keeping the overall pace of visitor growth near a 16-month low. Thai officials are rattled as Chinese visitors are the top source of foreign receipts in an industry that makes up about a fifth of the economy.

    The trigger for the drop was a tour boat accident off Phuket in July that killed dozens of Chinese holidaymakers, sparking safety concerns. Thailand’s image in China has also been hurt by a dengue outbreak, the strength of the baht and, most recently, a viral of an airport guard apparently punching a Chinese tourist.

    Ambulances at Chalong pier after a tourist boat capsized in Phuket, on July 6.
    Photographer: Mohd Rasfan/AFP via Getty Images

    "The negative growth in Chinese arrivals is a downside risk in the second half of 2018," said Kampon Adireksombat, the chief economist at Kasikorn Securities Pcl in Bangkok. The tourism slowdown and the impact of global trade disputes will cut Thai economic growth to 4.2 percent next year from an estimated 4.5 percent in 2018, he said.

    The Thai military government this week moved to limit the damage from the video of the attack on the Chinese tourist, saying on Twitter that Prime Minister Prayuth Chan-Ocha regrets the incident -- underlining the administration’s sensitivity to bad press on the mainland.
    Majestically enthroned amid the vulgar herd

  2. #2
    Thailand Expat

    Join Date
    Mar 2015
    Last Online
    Quote Originally Posted by tomcat View Post
    underlining the administration’s sensitivity to bad press
    Period. Full stop.

  3. #3
    Thailand Expat cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    Today @ 09:29 AM

    Their own graph shows a steep drop around about June/July for the previous four years. Obviously this drop was likely to be even steeper after a record high.

    Do these people look at their own graphs?

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts