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Saves Everyone A Few Baht

Alex the Hedonist

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Bangkok, February 2010 [PDN]: Thailand’s cabinet meeting on Tuesday announced the extension of a tourism stimulus package which was due to expire on the 31 st of March. Thai Minister of Tourism and Sports claimed that the extension was aimed at continuing to persuade and influence foreign tourists into visiting the Kingdom. Deputy Government Spokesman Mr. Watchara Kannika informed the press that measures approved for extension included the exemption of fees on tourist visas, reduction in aircraft landing and parking fees, cutting of electricity consumption guarantee fund for hotel operators and the continuation of an insurance coverage program for tourists. Thailand’s Minister of Tourism and Sports also presented the latest tourism figures to the cabinet, which stated that in 2009 some 14.09 million tourist visited the Kingdom. Those tourists are estimated to have injected an estimated 527.3 billion baht into Thailand’s economy for the year. Compared to the figures for 2008, tourists were down by 8.21% and revenue by 3.38%, however; due to the global economic crisis and continuing political instability this drop was somewhat anticipated. Concluding the cabinet meeting, the Tourism ministry projected that between 15.3 and 15.6 million tourist will visit the Kingdom during 2010 bring in over 600 million baht revenue.

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They will probably want to increase prices to cover the lower numbers of tourists - they need to keep their revenue up to previous levels.

I'm back

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