UTCC: Bombs' impact 'short term'

Business > Economics

Published: 16/02/2012 at 03:46 PM
Online news: Economics

The bomb explosions in the Sukhumvit area on Tuesday will have only a short term impact on the tourism sector, no more than two months, according to the Economic and Business Forecasting Centre of the University of the Thai Chamber of Commerce.

Centre director Thanavath Phonvichai said on Thursday it had sought opinions from business operators, but did not provide details on how many were questioned and when.

The number of foreign tourists visiting Thailand might well drop by about five to ten per cent, or 100,000 to 200,000 people, which would mean an estimated revenue loss of five to ten billion baht. This would trim gross domestic product growth by between 0.1 and 0.2 per cent, Mr Thanavath said.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

About the author

: Writer: Online Reporters; Position: Online Reporters

Keep this article in your social bookmark:

Latest stories in this category:

Your comments

lazar
Post : 1,272
Send message

Discussion 5 : 16/02/2012 at 06:00 PM5
Post this to my Facebook
True the service industry may recover, but it wont make up for the losses.
Like dislike 0 people liked / 0 people disliked this comment
Merlin
Post : 59
Send message

Discussion 4 : 16/02/2012 at 04:34 PM4
Post this to my Facebook
Just think about the money and not the people that may be hurt or killed.
Like dislike 0 people liked / 0 people disliked this comment
JP

Discussion 3 : 16/02/2012 at 03:40 PM3
Anyone found out where the C4 was purchased from yet ? No,,, well that's about right.
from iPhone application.
Like dislike 0 people liked / 0 people disliked this comment
khunbj
Post : 403
Send message

Discussion 2 : 16/02/2012 at 03:33 PM2
Post this to my Facebook
Unless something more dramatic happens then this is not likely to have any impact whatsoever at tourism in Thailand ... in foreign media it was never headline news ... and now does not even qualify as News.
Best thing would be to stop issuing unnecessary press commentaries to avoid confusion and get on with the investigation.
Thailand is, with it's well known flaws still the best place to be in this part of the world and that is not likely to change anytime soon.
Like dislike 0 people liked / 0 people disliked this comment
The Dark Side
Post : 212
Send message

Discussion 1 : 16/02/2012 at 03:16 PM1
Post this to my Facebook
Truly amazing that these numbers come so quickly. Too bad flood management takes so long.
Like dislike 0 people liked / 0 people disliked this comment

UTCC: Bombs' impact 'short term' | Bangkok Post: business