Friday, September 29, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Thailand

Nearly one-third of tourism-related businesses in Thailand ‘may shut down permanently’

July 13, 2020
in ASIA, Thailand
0
Nearly one-third of tourism-related businesses in Thailand ‘may shut down permanently’
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter

About one-third of tourism business operators in Thailand will run out of liquidity to keep their businesses afloat in the second half of 2020, Tourism Council of Thailand president Chairat Trirattanajarasporn has warned.

“The impact of Covid-19 will become most serious in the third quarter this year after many operators had tried to cut costs by letting some of their employees go, but after more than a million positions cut the situation still hasn’t improved, as no foreign tourists are allowed into the country yet,” he said.“ The council estimates that in the next three months up to 30 per cent of tourism-related businesses in Thailand are at risk of shutting down permanently.”

Chairat added that some operators are starting to sell their establishments, such as hotels, resorts, restaurants and gift shops to investors who wish to turn them into other business.

“However, since the real estate business is also affected by the economic crisis, the hope of selling their properties is still bleak for these owners,” he added.

“The council had a meeting with Prime Minister Gen Prayut Chan-o-cha on Friday (July 10) and proposed five measures to help tourism business operators,” said Chairat.

“These measures are: providing soft loans to tourism entrepreneurs; considering moving the schedule up to open the country to foreign tourists under a practice similar to the travel bubble scheme; offering discount on electricity bills, one of the main costs of hotel operators; having the Social Security Office extend the compensation payment to temporarily unemployed staff from June to December, and reducing the employer’s contribution to Social Security Fund from 4 per cent to 1 per cent.”

Chairat also added that the Tourism Council of Thailand has predicted the income from foreign tourists in 2020 will drop significantly from Bt2.2 trillion (S$98 billion) last year to only around Bt600 billion.

For the latest updates on the coronavirus, visit here.

This article was first published in Asia One . All contents and images are copyright to their respective owners and sources.

Tags: #coronavirus#COVID-19businesses in ThailandThailandtourism
Previous Post

Officials hope ‘Siem Reap Tourism Development Master Plan’ will return tourists to Siem Reap

Next Post

Asian-Australians hold protests as community faces rise in racist attacks

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
17

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
16

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Indonesia Constitutional Court dismisses petition to change voting system

Indonesia Constitutional Court dismisses petition to change voting system

by AsiaOne
June 15, 2023
0
6

JAKARTA - Indonesia's Constitutional Court on Thursday (June 15) rejected a lawsuit seeking a change to the country's election ballot system, a...

Most Popular

Cambodia’s vehicle industry grown nearly 24% in nine months in 2021

Cambodia’s vehicle industry grown nearly 24% in nine months in 2021

January 1, 2022
109
At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

October 30, 2022
135
Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

June 14, 2023
38
Toyota’s Cambodia vehicle assembly plant likely to be completed by July 2023

Toyota’s Cambodia vehicle assembly plant likely to be completed by July 2023

May 30, 2023
11
Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

July 3, 2023
17
PTT (Cambodia) Ltd launches three EV charging stations in Cambodia

PTT (Cambodia) Ltd launches three EV charging stations in Cambodia

March 4, 2023
15

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!