Thailand Officials Concerned About Tourism Industry Following Attacks
Photo: Patong Beach, Phuket, Thailand (Photo Credit: Thinkstock)
On Monday, Thailand’s tourism authority said that a recent string of attacks in the country could result in the loss of up to 200,000 foreign visitors and $293 million in tourism revenue this year alone.
According to Reuters.com, Tourism Authority of Thailand head Yuthasak Supasorn said that recent attacks in Hua Hin and Phuket have put strain on the economy, as an estimated 100,000 to 200,000 travelers could cancel trips to the nation.
The cancellations could also cause between $146 million and $293 million worth of tourism losses.
Supasorn also voiced his concern about the attacks resulting in long-term losses for the country as travelers could potentially choose other Asian countries for their trips. Tourism accounts for 10 percent of Thailand’s gross domestic product, and estimates to start the year had the nation expecting 32 million visitors and $70 billion in revenue for 2016.
Thai Airways chief financial officer Narongchai Wongthanavimok said that the attacks “would hurt business and consumer confidence,” especially since several of those injured in the recent bombings were tourists.
In addition to the impact on tourism, embassies in Thailand have issued warnings for locals and travelers to stay vigilant in case of more possible attacks.
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