The invoking of the emergency decree in Bangkok and vicinity on Tuesday could cost the tourism sector about 10 billion baht in lost revenue, according to Chidchai Sakornbordee, chairman of Thai Tourism Business Association.
He said number of foreign tourists visiting Thailand is dwindling and hotel reservations by foreign tourists have been cancelled since the beginning of anti-government protests in November 2013.
After the invocation of the emergency decree, the number of foreign tourists to Thailand during the fourth quarter of last year and the first quarter of this year, the tourism high season, is projected to drop by between 30% and 40% on the fourth quarter of 2012 and the first quarter of 2013, Mr Chidchai said.
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