Last updated: 06:00 PM ET, Tue August 23 2016

Tourism in Thailand Continues to Be Resilient Despite Unrest

Destination & Tourism | Janeen Christoff | August 23, 2016

Tourism in Thailand Continues to Be Resilient Despite Unrest

PHOTO: Patong Beach in Phuket, Thailand. (courtesy Thinkstock) 

Thailand is taking some bold moves after coordinated bombings took place in two of its top tourism meccas — Hua Hin and Phuket. 

The attacks on Aug. 11 and 12 cost the country nearly $294 million and more than an estimated 100,000 in cancellations, according to a report in Forbes

“That’s really small change for a destination that drew nearly 30 million visitors last year and is targeting 32 million arrivals and $69 billion in tourism revenues this year,” writes Raini Hamdi. 

Thailand is keeping in place plans to raise prices of visas for visitors. 

“The kingdom is even going ahead with a doubling of the Visa On Arrival fee to 2,000 baht ($58) which the Thai Cabinet had approved in January. Coming into effect on September 27, it applies to visitors from 19 countries, including China, by far Thailand’s largest source market with close to 8 million arrivals last year,” Hamdi notes. 

Companies are sticking to their projections. 

Minor Group Thailand chairman and CEO Bill Heinecke tells Forbes that they have experienced a 73 percent growth in profits over the first half of 2016. 

READ MORE: Can Pokemon Go Brighten Thailand's Tourism Future? 

“We do not plan to modify our full-year goals,” he added. “Thailand is a very resilient country and has overcome diverse challenges in the past.”

Other companies feel the same way, but will Thailand’s resilience last? Continue reading here

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