kasikorn research centre
- Tourism
Tourism seeing signs of recovery after Covid-19 pandemic
Thailand’s reopening hasn’t quite caused an avalanche of tourists pouring into the country, but the tourism industry is seeing some recovery from the Covid-19 pandemic with a steadily increasing stream of arrivals gaining momentum. The CCSA reports that nearly 60,000 international travellers have entered Thailand in the first 16 days of the reopening program. With the increasing daily arrivals, November…
- Economy
Prominent economic think-tank welcomes November 1 re-opening plans
A leading economic research body says a planned re-opening to international tourism from November will give the Thai economy the boost it needs. According to a Nation Thailand report, the Kasikorn Research Centre predicts further economic growth from next year, provided the government gets Covid-19 under control. It points out that the country’s tourism sector will only see a full…
- Tourism
Prediction for international travellers to Thailand lowered again
Tourism researchers have once again downgraded their expectations for the total number of international travellers in 2021 after Thailand has yet to recover from the third wave of Covid-19 starting in April that brought the Delta various and huge infection numbers across the country. The Tourism Authority of Thailand, known for its rose-tinted predictions and press releases, had predicted in…
- Phuket
Best-case for Phuket’s Sandbox: up to 1.2 million tourists, Kasikorn predicts
Up to 1.2 million foreign tourists could travel to Thailand through Phuket’s “Sandbox” travel scheme. That’s the best-case scenario, according to the Kasikorn Research Centre. They estimate that the scheme, which is planned to allow vaccinated tourists to enter the country and stay on the island without going through quarantine, could draw in 550,000 people to 1.2 million from July…
- Economy
Economic think-tank says the future of tourism in Thailand hangs on vaccination
The research division of Thailand’s Kasikorn Bank says everything hangs on vaccination strategies, both here and abroad. Kevalin Wangpichayasuk from the Kasikorn Research Centre says the rollout of Covid-19 vaccines globally will have a significant impact on the recovery of tourism in the Kingdom, with 2 million foreign tourists expected to arrive in the last quarter of the year. However,…
- Economy
Thai industry leaders warn economy on brink of collapse
Thai industry leaders are warning that if tourists don’t return soon, the economy will soon collapse with daunting consequences. And, as the Covid-19 vaccination programme is slow to take off, the window is closing for this year to make any kind of substantial recovery through reopening the country. Just this week, an opposition MP drew the government’s attention to the…
- Economy
Economy to lose billions of baht from Covid-19 lockdown – Kasikorn Research Centre
The economy will lose billions of baht following the Covid-19 outbreak in Samut Sakhon, just southwest of Bangkok, according to Kasikorn Research Centre. Shutting down the seafood industry in the province, calling off New Year parties in Bangkok and trips being cancelled due to virus fears will cost the economy a total of at least 45 billion baht over the…
- Economy
Economic think tank says shopping stimulus will only help in the short-term
The research division of Kasikorn Bank says while the government’s planned shopping stimulus has its advantages, the benefits will only be short-term. The Kasikorn Research Centre points out that the scheme, which it’s hoped will run from October 23 to December 31, will only provide a temporary boost to the economy. The stimulus measure, which is being put to the…
