TAT predicts 80% plunge in arrivals

A new forecast by the Tourism Authority of Thailand (TAT) says the number of foreign tourists this year may plunge 80% to 8.2 million as revenue slides to 396 billion baht, with international air traffic regaining just 10% of the pre-pandemic schedule. The latest forecast issued on July 1 is based on the current situation […]

Thailand’s economic outlook ‘worst in Asia’: analysts

Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia. Gross domestic product is forecast to contract 8.1% this year, according to the Bank of Thailand. That’s worse than official forecasts […]

BUBBLE BURSTS: AVIATION CHIEF BALKS AT VIRUS TRAVEL ZONES

The Civil Aviation Authority of Thailand on Wednesday postponed the much publicized proposal to allow foreign tourists to visit the country during the pandemic without having to go through quarantine. Agency director Chula Sukmanop said the government is concerned about the possible “second wave” of coronavirus if the border is open. Officials have been placing […]

As Domestic Tourism Reopens in Myanmar, Businesses Struggle to Get Back on Their Feet

Domestic travel in Myanmar began to reopen this month, with tourism businesses working to revive the industry as the sector is among those most affected by the COVID-19 pandemic. After Myanmar confirmed its first COVID-19 cases in late March and the government imposed restrictions on travel, the tourism sector saw revenues plummet to zero in […]

Tourist arrivals to ‘plunge 80% this year’

Thailand is expected to see at most 8 million foreign tourists this year, down 80% from a year earlier, as the coronavirus pandemic cuts global travel, a tourism body said on Tuesday. The tourist sector, a key driver of growth, is expected to recover in 2021, Chairat Triratanajaraspon, president of the Tourism Council of Thailand, […]

Tourism in Thailand to lose up to $47bn from Covid-19: UN study

Global tourism revenues are expected to fall by up to US$3.3 trillion due to Covid-19 restrictions, with Thailand standing to lose $47 billion, according to a UN study published on Wednesday. The ‘Covid-19 and Tourism’ report released by the United Nations Conference on Trade and Development (Unctad) is based on three scenarios for the industry, […]

Airports of Thailand forecasts 50% fall in revenue, passengers

Airports of Thailand (AoT) said it expects passenger numbers and revenue to fall by 50% in 2020 as a result of the coronavirus crisis. AoT, which manages six airports including Bangkok’s main Suvarnabhumi, on Wednesday forecast a 50.7% year-on-year drop in revenue for its 2020 fiscal year and a 42.2% fall in 2021. If a […]

Cambodia risks being left behind while other Asean members announce reopening of economy

As the number of unemployed climb day by day and with limited employment opportunities, mounting debts and lack of economic opportunities, Cambodia risks being left behind by its bigger Asean partners. Bigger nations within Asean such as Singapore, Malaysia, Vietnam have announced measures to re-open their battered economies and businesses with various control measures in […]

Coronavirus brings curtain down on Cambodia shadow puppet theatre

In recent years, however, local interest in the art that was designated a UNESCO intangible cultural heritage in 2005 has dwindled, with foreign tourists and funding becoming its main supporters. Cambodia’s shadow puppet tradition goes back to the 7th century and has survived the collapse of empires, wars and the Khmer Rouge reign of terror […]

World tourism faces worst crisis since records began, says UNWTO

International tourism faces its worst crisis since records began, with up to 1.1bn fewer people taking trips globally in 2020. The scale of the coronavirus pandemic’s impact is outlined in a report by the World Tourism Organization (UNWTO), which predicts a decline in international arrivals of between 58% and 80% this year. This is due […]