TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Thai Baht Decline Worries Market

Category: Tourism, Posted:16 May 2015 | 08:11 am

This week the Thai baht sank to its lowest level in six years, as it flirted with the 33.80 marker to the US dollar.
What's concerning to the country's economic sector is the sharp rise in consumer and company debt.
For hoteliers and the property market the currency depreciation angle appears to be a mixed bag.
While hotels will be more affordable for foreign travelers, pressure will be exerted on those looking to increase average room rates and RevPAR.
More profound will be the certain impact on real estate, particularly the domestic sector with a tightening of loans to buyers and also development finance.
I was in Jakarta this week where the Indonesian's rupiah has pushed well past 13,000 to the US dollar and is continuing to be one of the region's most volatile currencies.
In a country that had just under 9 million international visitors and over 250 million domestic trips last year, the storyline is that more Indonesian's are now taking more domestic 'staycations' versus overseas trips.
Will Thai's follow suit? It remains early in the day but what most businesses are looking for is a sign of where the baht will stabilize by year end which looks to be in the band of 34 to 36 to the US dollar.
On the converse side, Thailand's exporters are seeing a renewed push with more competitive pricing on products sent overseas.
2015 continues to be the year of all things 'disruptive'.

Other News

Read more

It’s A Tuesday, What’s Up in Thailand

Category: Tourism, Posted:03 Aug 2021 | 10:49 am As the Thailand red zone closures mount, and domestic travel remains challenged, we take a few minutes to bring you some of our new feature videos. August looks to be challenging but vaccinations are continuing and there is light at the end of the tunnel, for now to our readers we say – keep the […]
Read more

Why Is The Phuket Sandbox Important?

Category: Tourism, Posted:02 Aug 2021 | 10:27 am As Bangkok grapples with rising numbers of Covid infections, leading tourism voice KP Ho, Executive Chairman of Banyan Tree Group, has told European envoys, airlines, senior officials and business leaders, that for Phuket Sandbox to succeed it is imperative for Phuket to be given “green” destination status. Speaking at the Phuket Sandbox Summit held at […]
Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]