Thursday, July 3, 2025
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
100

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
80

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
25

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 rice production losses caused by droughts about $100 million

Cambodia rice production losses caused by droughts about $100 million

October 1, 2021
16
Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

May 27, 2020
38
New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

July 17, 2020
496
Phnom Penh Water Supply Authority capacity to be extended to meet growing demand of Clean Water in Phnom Penh

Phnom Penh Water Supply Authority capacity to be extended to meet growing demand of Clean Water in Phnom Penh

July 18, 2020
69
Four Companies team-up to turn Sihanoukville into a Fintech hub in Cambodia

Four Companies team-up to turn Sihanoukville into a Fintech hub in Cambodia

December 2, 2021
33
Ezecom, ISP in Cambodia, 14 years of operations to bring World-Class Digital Service for Cambodians

Ezecom, ISP in Cambodia, 14 years of operations to bring World-Class Digital Service for Cambodians

March 26, 2022
26

© 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 !!