TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

PATA Forecasts 10% Visitor Decline

Category: Tourism, Posted:22 Jul 2009 | 09:49 am

Leading industry organization Pacific Area Travel Association (PATA) is forecasting a 10% decline in visitors for the year 2009. Aside from the existing factors such as reduced long haul airlift, a continued global recession and rising unemployment additional concerns on the H1N1 virus has caused a further downgrade for the prospects of recovery this year.
Tourism Authority of Thailand (TAT) has downgraded its projection for tourism down to 13.2 million though most industry insiders are benchmarking the years figure close to 12 million. While the recent events in Jakarta may see a redirect of some traffic into Thailand as Australia has already issues some travel advisories the Bali market summer season is well underway and it's doubtful to see a larger scale impact for the moment.

Other News

Read more

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
Read more

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
Read more

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]
SiaJai logo

Thailand's Leading Homecare Marketplace