The majority of more than 300,000 laid-off industrial workers from recent factory closures are flocking to the services sector, particularly the hospitality industry, according to the Tourism Industry Council of Thailand's most recent Tourism Confidence Index report.

The economic impact of the growing coronavirus outbreak is shifting from service-driven industries like hotels and restaurants to the manufacturing sector on both sides of the Atlantic, leading to a synchronized shutdown of heavy industry that historians and industry experts say is unlike any seen since the 1940s.