60% of tourism businesses in Thailand face closure, workforce’ income slashed by 47%
Around 60 percent of businesses operating in the travel and tourism sector in Thailand
could be forced to close permanently due to the impact from COVID-19, according to a new study by the Asia Foundation.
The Thai economy is showing early signs of a
severe and prolonged contraction that will rival the Asian Financial Crisis of the late 1990s ...
(
тот самый "
Tom Yam Kung crisis", который потом аукнулся в РФ кризисом 98г )
A
report by Sophon TV revealed that scores of business had shut and that for sale/rent signs were all over the resort ...
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Condo market devastated by pandemictravel restrictions meant that 98% of potential buyers couldn't get to Thailand. Most of these were Chinese people from the mainland and investors from Hong Kong.
10,000 units had only been partially paid for and instalments had ceased during the pandemic.
In many cases 30% had been paid and 70% was due but not coming.