Oil Prices Cause Thailand to Adjust Tourism Forecast

In recent years Thailand has weathered a variety of tourism setbacks, including the Indian Ocean tsunami and a military coup. The country is now facing challenges from surging oil prices, fuel surcharges and a reduction in long haul flights to the Land of Smiles.

The Tourism Authority of Thailand (TAT) is reporting that rising fuel prices have caused it to adjust previously forecast tourism arrival figures. TAT was predicting 17 million foreign visitors in 2008, but that figure has been reduced to 16 million. This still represents a rise of 5 percent over 2007. TAT intends to counter slower growth than expected by promoting high-spend segments such as medical tourism, spa and golf. 

Suggested Articles:

Victor Betro, who started his Kempinski career at the Aqaba hotel in 2011, returns as general manager. Read more here.

Rabot Eco-Escape, formerly the Boucan by Hotel Chocolat, will be reopening on September 1. Here's what guests can expect.

Domestic outdoor destinations are the most desirable for the remainder of 2020, according to recent research by MMGY Myriad. Read more here.