Breaking News
LAST CHANCE for Cyber Monday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

A month after reopening, Thailand sees gradual tourism recovery

Stock MarketsNov 25, 2021 06:46AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
5/5 © Reuters. An AirAsia airplane is seen at the airport of popular tourist destination Chiang Mai, as the country reopens its borders to vaccinated tourists in Bangkok, Thailand November 16, 2021. Picture taken on November 16, 2021. REUTERS/Soe Zeya Tun 2/5

By Chayut Setboonsarng and Jiraporn Kuhakan

BANGKOK (Reuters) - Thailand was among the first countries in Asia to reopen for foreign arrivals, and it is seeing a slow recovery, including new hotels touting longer stays for individual travellers.

In the first 10 months of 2021, Thailand saw 106,117 foreign tourists https://www.reuters.com/markets/rates-bonds/thailand-has-over-20000-foreign-visitors-oct-after-gradual-reopening-2021-11-23, a drop from 6.7 million in 2020. Before the pandemic, Thailand saw about 40 million visitors a year.

Hospitality firms like Asset World Corporation Pcl, which opened its 19th property https://www.reuters.com/markets/asia/thailands-awc-targets-luxury-long-stays-tourism-recovery-2021-11-22 this month, saw the majority of its bookings come from Western countries and the Middle East.

"About 70% of total bookings came from Europe, including Germany, UK, Scandinavian countries, followed by the U.S., Middle East, and Asia," chief executive Wallapa Traisorat told Reuters, adding that domestic travel helped. "For November, we should see 30% occupancy, and in the fourth quarter we hope to see better momentum from the reopening."

Thailand, one of the region's most popular destinations, is heavily dependent on tourism. In 2019, 40 million arrivals spent 1.91 trillion baht ($57.3 billion).

Centara Hotels and Resorts is moving ahead with plans to open a 1.1 billion baht hotel on the island of Samui in December.

Initially the property expects most guests to be locals on longer stays, said Centara Hotels chief financial officer Gun Srisompong.

"Demand patterns have changed. Individual travellers on longer stays and 'workations' need more personalisation," Srisompong said.

Thailand expects only 200,000 foreign tourists this year, and 5 million in 2022.

Thinner crowds and discounts made for a more pleasant experience, said German tourist Markus Klarer.

"It's a good time to come back to Thailand again," Klarer said.

Despite the reopening, some businesses said COVID rules still made some things hard.

"Tourists are not fully confident and still confused with government regulations," said Chitchai Senwong, a restaurant manager in Bangkok, citing a government rule that prohibits alcohol consumption after 9 p.m.

($1 = 33.34 baht)

A month after reopening, Thailand sees gradual tourism recovery
 

Related Articles

ECB puts on brave face as new virus variant spreads
ECB puts on brave face as new virus variant spreads By Reuters - Nov 29, 2021

PARIS (Reuters) -European Central Bank policymakers sought to reassure investors rattled by a new variant of the coronavirus on Monday, arguing that the euro zone's economy had...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Alan Rice
Alan Rice 15 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yeah. It is fun to jet about the world. But planetary, life extinctions, - not so much.
Bubba Born
Bubba Born Nov 25, 2021 8:02AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Government regulations are a tourist nightmare for visitors to Thailand. Thailand will take another 5 years to see tourism numbers match the pre-covid ones.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email