Thai economic ministers approved plans to provide USD514 million to tourism businesses affected by Bangkok’s recent political protests (The Nation, 08-Jun-2010). The amount is to be proposed for Cabinet approval on 08-Jun-2010. The ministers also approved plans to provide Tourism Authority of Thailand (TAT) with USD11 million in funding to restore domestic tourism in the next three to four months. TAT had requested USD49 million. Federation of Thai Tourism Association welcomed the funding but stated it does not believe the industry will recover in less than three months. It added it hopes the government will provide more funding later.
Thai economic ministers approve USD514m in funding for tourism businesses
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Three Southeast Asian markets recorded double-digit passenger growth in 2015 – Thailand, Vietnam and Cambodia – while another three experienced high single-digit growth – the Philippines, Laos and Myanmar. Indonesia and Malaysia have struggled recently but should see faster growth rates again in the medium to long term. Indonesia, with its 200 million population, is perhaps the quiet medium term performer. Thailand and Vietnam, for now, remain the hottest markets in Southeast Asia. Myanmar is also intriguing, but much smaller.
Thai Airways falls behind Singapore Airlines Group with regional connectivity: Part 1
Thai Airways will enter a new phase over the next year as it completes its transformation plan and starts to consider potential options for resuming expansion. Regional international growth is the most logical area to focus on, using the group’s full service short haul subsidiary Thai Smile.
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