Monday, February 6, 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

Omicron stymies tourism recovery in Thailand and probably Cambodia

January 13, 2022
in ASIA, Lifestyle, Thailand, Travel
0
Omicron stymies tourism recovery in Thailand and probably Cambodia
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

Bangkok Post — Even though the tourism industry has started to see optimism from Thailand’s reopening on November 1 last year, a fresh whiplash in travel sentiment from the Omicron variant has put the brakes on recovery prospects in 2022.

There remain challenges for business to quickly adapt to in order to weather the storm.

The most likely scenario for Thai hospitality business is U-shaped gradual recovery until 2024, starting with domestic leisure travel which has already resumed, said Boriwat Pinpradab, Managing Director and partner at Boston Consulting Group (BCG).

Lina Abdullah, Regional General Manager for Cambodia, Myanmar and Thailand at Oakwood, said the suspension of the Test & Go scheme is the most worrying threat for the hotel business.

Abdullah said the outlook for this year will see moderate recovery from 2021 as the number of tourism arrivals is estimated to increase by 30 percent.

However, the country should attract potential segments such as international film crews and medical tourists which have a longer length of stay to help support tourism recovery.

Oakwood will highlight the extended-stay segment to reduce risks from the volatile situation which could be driven by expatriates and emerging remote work.

Bookings for Oakwood’s portfolio in Thailand in the first quarter are anticipated at 60 percent, thanks to its long-stay model despite the possible tourism slowdown from the new virus wave.

However, business travel is expected to face slower recovery from the trend of remote working and sustainability which targets reducing the carbon footprint from frequent business trips.

Boriwat said there are changing consumer behaviours in hospitality including rising consumer profiles from the luxury segment as well as generations Y and Z who seek travel experiences and love to share via social media.

Tourists will be more aware of health and wellness which offer opportunities for medical tourism in Thailand with a compounded annual growth rate (CAGR) of 13 percent expected from 2019-27.

Meanwhile, hoteliers need to upskill and reskill on analytics to optimise data for planning business amid uncertainties and keeping up with emerging trends.

“There will be new Covid variants which are unavoidable, but travel restrictions and Covid-related policies from source markets are the most critical concern to hoteliers this year,” said Ravi Chandran, Chief Executive of Laguna Phuket.

He said Laguna Phuket has to be flexible amid the pandemic. It has to diversify to other market segments and the domestic market to make up for the loss of the Chinese market.

Laguna Phuket also plans to host several international sports events this year to lure more locals as well as foreign tourists and represent Phuket as a global hub for sports tourism, including Asian Tour golf tournaments, Laguna Phuket Marathon and Laguna Phuket Triathlon.

Yachting is considered as one of very few travel segments that remain unfazed by the pandemic as tourists with high purchasing power have to assure their safety and opt for more private choices from luxury travel services, said Vrit Yongsakul, Group Managing Director of Boat Lagoon Yachting.

Demand from key targets for yachting in Phuket, including Singapore and European countries, has started to gradually pick up
after the country’s reopening last year.

He said the company’s revenue has increased by three times during the outbreak as more Thais invested in yachts for rental service.

Phuket welcomed 40-50 super yachts per year with an average length of stay of 1-2 months with US $1-2 million per trip, while the rental cost for a yacht at 15-30 million baht per week gained popularity.

“Targeting the wealthy segment helped recover the battered industry faster without losing many environmental resources,” said Vrit.

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

Tags: #asiaCambodiaomicronThailandtourism
Previous Post

WHO body says Covid-19 vaccines may need to be updated for Omicron

Next Post

What’s Indonesia’s border dispute with Malaysia and the Philippines about?

Related Posts

Cambodia confirms readiness to exit the Least Developed Countries (LDC) status

Cambodia confirms readiness to exit the Least Developed Countries (LDC) status

by Khmer Times
February 3, 2023
0
7

Cambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the...

Ick! Man licks utensils in Japan sushi restaurant, sparks public outrage

Ick! Man licks utensils in Japan sushi restaurant, sparks public outrage

by AsiaOne
February 3, 2023
0
12

A sushi chain in Gifu prefecture in Japan has filed a complaint with the police against a man who posted...

China asks Japan to stop ‘right-wing’ provocations on East China Sea islands

China asks Japan to stop ‘right-wing’ provocations on East China Sea islands

by AsiaOne
February 3, 2023
0
4

BEIJING — Chinese Foreign Minister Qin Gang and his Japanese counterpart Yoshimasa Hayashi discussed disputed islands in the East China Sea...

Most Popular

Passenger in Nepal plane crash livestreams last seconds of his life on Facebook

Passenger in Nepal plane crash livestreams last seconds of his life on Facebook

January 18, 2023
31
Nepal plane crash searchers rappel, fly drones to find last passengers

Nepal plane crash searchers rappel, fly drones to find last passengers

January 18, 2023
26
Prince William feared Prince Harry was being ‘brainwashed’ by his therapist

Prince William feared Prince Harry was being ‘brainwashed’ by his therapist

January 9, 2023
17
Japanese firm to study urban, provincial railways in Cambodia

Japanese firm to study urban, provincial railways in Cambodia

January 11, 2023
16
Cambodia to build $300 million International airport on Koh Rong Island

Cambodia to build $300 million International airport on Koh Rong Island

January 19, 2023
16
UK paper group bids to throw out Prince Harry and others’ privacy lawsuits

UK paper group bids to throw out Prince Harry and others’ privacy lawsuits

January 14, 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 !!