Long Buddhist holiday to see over 40 percent reduction in domestic tourism
The long Buddhist festival holiday, which starts today, is set to see over a 40% reduction in domestic tourism. The Tourism and Transport Authority of Thailand has made the estimation which tallies around 1.09 million domestic trips, a number that is down 44% from last year’s Makha Bucha Day.
The 2nd wave of the Covid pandemic this year has made potential tourists cautious about spending money, with the holiday forecasted to yield 3.9 billion baht. That number is 38% lower than the same period last year. Hotel occupancy rates are also expected to only be 50% of last year’s tally on average.
Other venues that are normally open for tourists on this holiday, such as the ancient Buddha’s footprint at Khao Khitchakut in Chanthaburi, have been closed out of fears for Covid spreading through mass gatherings. As one of the country’s top 10 religious events, it is indicative of how the 2nd wave has taken a toll on the country’s tourism. The event’s closing is attributed to the forecasted 74% drop in trips to Thailand’s northeastern region, otherwise known as Isaan. And, if there are less tourists, then there is less revenue. The cancellation is expected to decrease expenditures by 68% on average.
Meanwhile, the 2nd wave is also affecting airlines as Thai AirAsia has reported only 9.49 million passengers with an average load factor of 75% for 2020, posting a net loss of 4.76 billion baht with a total revenue of 16.3 billion baht.
Thai VietJet’s marketing manager says before the 2nd wave hit late last year, the airline was on the upswing, operating 120 domestic flights per day. Recently, top economic leaders have warned that Thailand’s tourism industry will fallout soon if it is not revived. The 60 plus year industry is in dire trouble with slow vaccine rollouts, country travel restrictions, and virus variants all being major factors in Thailand’s slow reopening of tourism.
With the vaccine set to be issued to tourism hotspots first, PM Prayut has stated that the government is mulling whether to allow tourists to skip quarantine requirements if they can show that they have received the Covid vaccine.
SOURCE: The Phuket News
