Airport closure 'cost B290 bln'
- By: Bangkok Post and Agencies
- Published: 7/01/2009 at 04:07 PM
The People's Alliance for Democracy (PAD)'s closure of Bangkok's two airports last year have cost the country 290 billion baht, according to a study conducted by the Bank of Thailand.
Entitled Thailand's Tourism Industry After The Closure of Airports, the study said the political crisis not only affected tourism industry but also other related industries.
"Based on analysis, total losses were 290 billion baht, equivalent to 3.0 of nominal GDP (gross domestic product)," the study said.
According to the study, the losses included 120 billion baht in the service industry, 90 billion baht in logistics and 60 billion baht in industry.
The closure of Suvarnabhumi and Don Mueang airports took place between Nov 25 and Dec 4, as the PAD demanded the removal of a government led by Somchai Wongsawat.
