The pandemic has changed the way Thais shop. Ipsos market research polled 3,000 people in six Southeast Asian nations and found Thais ranked second, with household spending decreasing 80%, following Indonesia which had the largest drop at 82%. While people from Singapore, Malaysia, Indonesia, the Philippines and Vietnam are confident about the improving economy, Thais […]
Read MoreThe resurgence of Covid-19 is forcing hoteliers to consider temporarily closing down given the low income and poor demand from tourists. Marisa Sukosol Nunbhakdi, the president of the Thai Hotels Association (THA), said non-chain hotels without adequate cash flow are choosing to cease operations from April to October or until tourism demand resumes instead of […]
Read MoreHe predicted that in the short term the baht would weaken due to several factors, including the Covid-19 crisis in Thailand and other countries. Poon explained that the crisis has forced people to hold onto their safe-haven assets – the dollar, for example. He predicted the baht throughout the week would come under pressure from […]
Read MoreThe research centre said the downgrade came despite positive factors such as the upswing in exports as well as current and future government remedial measures. KResearch said the third wave of Covid-19, which emerged late last month, would impact previous predictions of 2 million foreign tourist arrivals this year. It pointed out that Thailand’s vaccination […]
Read MoreBangkok has fallen 19 places to the 49th most expensive location worldwide for international executive-standard accommodation, according to ECA International, a provider of information and software for the assignment of employees around the world. The decline reflects the severe impact that the Covid-19 pandemic has had on the rental market in the tourism-reliant Thai economy, […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said that Thailand can expect a drop in GDP of 0.5% to 1% if the government is able to control the new Covid-19 wave by April or May, respectively. Despite a slight decrease of daily infections from the record-high 1,767 cases last Sunday to […]
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