Depending on what you read in the news and are lead to believe, tourism accounts for as much as 20% of GDP. Numbers vary from 10 to 25 percent. There is a lot of underground economy that may or may not be taken into account.
Is tourism a real driver in economic growth for Thailand? I work in manufacturing and we only received vaccines for 25% of our workforce.
Not to brag but our company posted nearly 300 Million in Baht profit last quarter. That’s just one factory. Multiply that with all the factories in this estate which is considerably smaller than Phuket and we’re practically a cash cow for the Thai economy. And yet we were never a priority in the vaccination rollout until they realized the dangers.
We’re still working, we’re still manufacturing, we’re still providing employment…but for how long. As soon as the virus hits our factory well shut down.