The FPO has revised down its forecast of Thailand’s growth to 2.8 per cent from its previous projection of 4.5 per cent. This is in line with a new prediction that tourist arrivals will fall from 8 million to 5 million with total tourist revenue down from Bt330 billion to Bt260 billion.
Thailand’s tourism sector has been hit hard by the Covid-19 fallout.
The agency has revised upward the forecast of export growth this year to 6.2 per cent from 6 per cent in line with expected economic expansion of Thailand’s trading partners.
Meanwhile, the Association of Domestic Travel (ADT) estimates the fresh Covid-19 outbreak has hit at least 2 million of the 4.4 million workers in the tourism sector.
ADT secretary-general Adith Chairattananon urged the government to launch bold new measures to mitigate the impact, including a scheme to co-pay workers’ wages for two to four months and a fund to help the sector.
Published : January 28, 2021
By : The Nation