Classifieds 50% off, use promo code FBkpkPromo The Phuket News Kata Rocks The Phuket News Outrigger Koh Samui Beach Resort
The Phuket News Business News
The Phuket News Phuket | Thailand | World | Business | Q&A | Weird World XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

Strong baht tipped to hurt tourist stays

BANGKOK: A strong baht is expected to hurt inbound tourism by driving up the cost of travel and narrowing industry margins, say public and private players in the tourism sector.

tourism, economics,


Bangkok Post

Tuesday 13 June 2017, 04:01PM


Passengers throng at Don Mueang airport. The Tourism and Sports Ministry says the baht’s appreciation will weigh on inbound tourism. Photo: Bangkok Post / Pattanapong Hirunard
Passengers throng at Don Mueang airport. The Tourism and Sports Ministry says the baht’s appreciation will weigh on inbound tourism. Photo: Bangkok Post / Pattanapong Hirunard

The Tourism and Sports Ministry revealed on Monday (June 12) the baht in the year to date has appreciated by 14% against the pound sterling, 8% against Malaysia’s ringgit, 5% against the euro and 2% against the US dollar.

Bucking the trend was the Russian ruble, up by 20% against the baht during the first five months of the year as arrivals from Russia grew by 31%.

The ministry expects the ruble to continue climbing during the second half of the year.

The baht’s appreciation has been driven by internal factors.

The export sector, for example, jumped by 5.7% between January and April to a total value of US$73.34 billion.

External factors, however, like Brexit, a sluggish Malaysian economy and US policies under President Donald Trump, have also played a part.

“Appreciation increases the price of staying in Thailand, which may make some foreign tourists hesitant about booking trips,” said Pongpanu Svettarundra, Permanent Secretary of the Tourism and Sports Ministry.

Compounding the strong baht is the ongoing air traffic blockade on Qatar, which may halt tourism from the Middle East, and affect many connecting flights from Europe.

17th Architect and Engineering Exhibition 2017

The ministry says, however, that travel between Thailand and the Middle East may remain unchanged, as major airlines -- including Qatar Airways – are still operating as usual.

Some 4.4% of tourists to Thailand arrived on a flight from the Middle East.

Visitors from Arab countries usually travel with family and seek out medical treatment in Thailand.

Ittirit Kinglake, President of the Tourism Council of Thailand (TCT), said that despite the former factors he is “optimistic that Thailand will attract the 34 million tourists which the council projects for this year”.

During the first five months, 14.61mn foreign tourists visited Thailand – a 3.2% increase from the same period last year. Visitors have spent B747.07bn in the country so far this year.

By contrast, locals made 45.14mn domestic trips and generated income of B305.38bn for the economy in the same interval.

Hotel operators in Bangkok said the high season will likely begin in late November or early December, judging from advance booking made from overseas markets.

Read original story here.

 

 

The Phuket News
The Phuket News
Comment on this story
* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.
Comments Here:
Username:
Password:
E-mail:
Security:
    Forget your password?

Be the first to comment.

The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments


Fears for thousands of tower block residents after London inferno

Let's hope that Thai Government also looks into cladding ( outer coverings) of high rise buildings. It will give peace of mind when the thai Gove...(Read More)


Phuket officials to patrol Rawai pier to check for begging sea gypsy kids

Sounds noble. Could it be though that these officially non-thai citizens / children... are not sharing a cut of thier earnings with..... Aaaaah. ...(Read More)


Tons of rubbish cleared in Phuket airport beach clean-up

Kurt; I'm well aware of the antics but have to correct him. Jor 12; your assertion that is must be a foreigner whom can't read the Thai langua...(Read More)


Apisak tries to deflate windfall tax fears

In Australia (WA) there is no capital gains tax on your own residence with up to 4 acres/ 12 rai of land providing you live there and do not rent it o...(Read More)


‘I was framed,’ school chief swears

Jor12,clearly a case of not reading/understanding an article well.And because of that rumors/lies get spread....(Read More)


Phuket officials to patrol Rawai pier to check for begging sea gypsy kids

Jor12, perhaps it is the parents you need to employ, they are the ones who know how to exploit children. It's not the kids who are "enterpris...(Read More)


‘I was framed,’ school chief swears

Kurt...where in the article is it stated - as you allege, "The school director said it clearly: His deputy accepted ( was ordered?) the 400,000 o...(Read More)


Tons of rubbish cleared in Phuket airport beach clean-up

I like the comment made by"concerned"A few words only but it says it all,contrary to someone who makes a doctoral-thesis out of it again....(Read More)


School director accused in ‘tea money’ scandal

Jor12, the probe is into the accusation of taking tea money. The article is very clear, in black and white, but hey, you can have the last say, I can&...(Read More)


Phuket officials to patrol Rawai pier to check for begging sea gypsy kids

What great enterprising kids! Excellent. Shows great initiative. They know where the money is and actively go out and get it. In 10 years time I'd...(Read More)

The Phuket News
Bangkok Hospital Phuket
PHUKET NEWS
Phuket
Thailand
World
Business
Q A
Weird World
ARCHIVE
POLL
CURRENCY
WEATHER
PHUKET TIDE TABLE
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Technology
Phuket Travel
Photo Galleries
COLOURING BOOK
The Phuket News PHUKET SPORT
Phuket
Thailand
World
SURF REPORT
PREDICTIONS
The Phuket News PHUKET CLASSIFIEDS
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
SEARCH CLASSIFIEDS
POST CLASSIFIED
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
POST EVENT
The Phuket News PHUKET DIRECTORY
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
POST LISTING
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Subscribe
Advertise with us
Pay for advert
Contact us
CONTESTS
Content Google Map
Site map
Australian Visa Services
 
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2017 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.