Thailand News

Breaking news headlines

Central bank admits crackdown on zero-dollar package tours has greater impacts than earlier projected

1 min read
A tuk tuk in Bangkok

A tuk tuk in Bangkok. Photo: Gezginrocker.


The government’s crackdown on zero-dollar package tours from China may have greater impacts on tourism business than earlier projected but whether the impacts will affect the GDP or not is yet to be assessed together with the overall economic performance, said Mr Don Nakornthap, senior director of Macro-economic Policy Office of the Bank of Thailand, on Wednesday.

Tourism sector accounts for 11-12 percent of the GDP and the number of tourist arrivals for the month of October has dropped to 2.26 million compared to 2.41 million in September representing 10.1 percent drop, said Mr Don, adding that this has weakened the consumption of tourism-related private sector.

Read more: thaipbs.or.th


Leave a Reply

Copyright © 2020 Thailand News. The content of this website does not necessarily reflect the opinion of Thailand News. All photos and articles are copyright to their respective owners.

By using the site you agree and accept the terms of this Privacy and Cookies Policy. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close