Thai tourism is still worrisome Reduce entrepreneurial confidence – Businesstoday

The Tourism Authority of Thailand revealed that the tourist confidence index Q3 / 62 at 91 is reduced from 100 in Q2 / 62 and is expected to recover to 95 in Q4 / 62.

Mr. Chairat Triratanatcharaphon Chairman of the Tourism Council of Thailand (TAT) Revealed that the tourism business sentiment index in the 3rd quarter of 2019 was at 91, decreasing from the quarter 2/2019 which is in the level of 100, reflecting the concerns of the operators. Especially the tourism situation which is slow Resulting in a greater proportion of entrepreneurs considering reducing investment plans And consider increasing employment cuts and lower wages

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But during the tourist season, some operators have plans to increase the prices of goods and services Most businesses say that it has benefited from the visa extension free visa measure until April 2020. Most foreign and Thai tourists agree to promote the platform to call public buses to be legal. (Ride-Hailing), with the assessment that it will help the tourism industry as a whole And will benefit both the main city or new tourist spots Since it is convenient for tourists in all groups

Forecast for the quarter
4/1962 Confidence level is at 95.
Which is expected to have 10.41 million foreign tourists
An increase of 7.21% over the same period of 2018 and the whole year 2019 is expected to have a total of 39.73 foreign tourists
Million people, an increase of 4.06% from 2018 and 1.95 trillion baht in tourist revenue

Hard Baht Press Thailand Tourism

Mr. Chairat
Said that because the global economy is slowing and there is a risk of entering a crisis
From various negative factors Escalating Both the trade war between the United States and China
And Japan and South Korea Including demonstrations in Hong Kong
Which has caused concern in the global economy and finances as interest rates around the world tend to decrease rapidly

At the same time, the Bank of Thailand has lowered the policy interest rate.
Causing the exchange rate to appreciate Coupled with concerns over the trade war
As a result, capital flows are highly volatile and flow into emerging markets.
Thailand is one of the countries that investors are interested in investing because of the strong foreign stability.
Therefore making the baht appreciation, Thai economy is likely to slow down
Due to the high value of exported goods

Including the tourism sector which was affected by the trade war, causing the Chinese economy to slow down and Chinese tourists visiting Thailand decreased from the previous year.
While domestic spending continued to expand due to various government measures
Including car sales that are still expanding during the speeding up of promotions

Ranking of competitiveness in tourism of various countries
In the world by the latest World Economic Forum in 2019 found that
Thailand is ranked 31st out of 140 countries, ranking 9th in Asia and 3rd
In ASEAN, with areas of high competitiveness including
Natural resources Labor and human resources Giving importance to tourism
Value for money Air travel infrastructure
And tourist service infrastructure
The areas with low competitiveness are environmental sustainability.
Safety and cleanliness

Suggesting a private partnership with the government Empower

TAT therefore suggests that the government cooperate to promote the ability of entrepreneurs to compete in various businesses.
Such as personnel development Promoting digital knowledge and capital markets
And promote tourism through various benefit and benefit measures Including promoting the business platform to call public buses to be legal
Covering all areas By supervising services and prices to meet standards
And should promote the tourism of domestic tourists during the holiday in order to attract Thai tourists to travel in the country

On the part of entrepreneurs, should follow the global situation both in economic and social
And working as a network between operators in the same area
As well as neighboring provinces, IT systems should be developed and the readiness of personnel to oversee the system as a two-way communication channel.
As well as promoting public transportation in the area
That is diverse and covering various tourist attractions