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COVID19 v Thailand - $ 47 billion tourism loss: UN study
The corona pandemic has been affecting global life for months. Thailand is not spared from this. [Editor's note: reported and actual cases differ very likely] Despite the low number of infections, the tourism industry including the associated economy comes to an abrupt halt. COVID19 v Thailand - $ 47 billion tourism loss: UN study
In Thailand, one of the main sources of employment is the tourism sector. The dramatic drop in tourists resulted in an immediate rise in unemployment. Unemployment is expected to rise by 20% in Asian countries. Some areas that are exclusively dependent on tourism could be completely wiped out if the pandemic stops. It is seen as not unlikely that tourism will largely come to a standstill for a whole year (March 2020 to March 2021).

According to the WHO, 10 million people worldwide have already been infected with the coronavirus (COVID-19) by June 2020, of which 500,000 have already lost their lives. At this point, a decline is not expected, but a second wave. The borders worldwide were at least restricted if not closed. With the first openings of the borders this second wave of infection is feared. This directly endangers 300 million jobs worldwide.

In Thailand, cities such as Pattaya and Phuket had to cope with the consequences immediately and local companies had to use their savings. In this context, food donations were often distributed by private individuals and gladly accepted. Long queues in front of these food items shaped the cityscape. The Thai government is currently trying to compensate for this with domestic tourism (cooperation between Shopee and TAT - TAT hot deal Pattaya). Discounts for discounted hotel stays are intended to make trips within Thailand palatable. However, foreigners residing in Thailand continue to report an empty ghost town with almost all shops closed. With a few exceptions, such as the illegal gatherings of night owls in the TreeTown area, the streets are empty in the evening.

Thailand is particularly affected by the current situation based on GDP (gross domestic product). As the number 2 most affected Asian country in the tourism sector, an economic decline of 9% has already been calculated. Already 15% of the Thai population in the open market have lost their job [editor's note: Unskilled Employment]. A large part of the people who lost their jobs were unskilled women and young people.

A 47 billion US dollar (USD) loss from the COVID 19 crisis in the tourism sector is very likely. Tourism has so far no date for a new start. The fear of international travel is preventing major airlines from continuing to operate their aircraft. The national borders are still only open to a limited extent and quarantine measures in the holiday destination screw up a relaxing holiday. For this reason, international travel is not even considered and in turn is not offered at all.
Source: 2020, United Nations Conference on Trade and Development,
online at URL: https://unctad.org/en/pages/PublicationWebflyer.aspx?publicationid=2810
Retrieved online on July 02, 2020
Authors of the UNCTAD publication: Badri Narayanan Gopalakrishnan, Ralf Peters and David Vanzetti
under the overall guidance of Pamela Coke Hamilton, Director, Division on International Trade and
Commodities, UNCTAD.
This paper has benefited from the contributions of: Lien Huong Do, from the Australian National
University; Sumathi Chakravarthy, from Infinite Sum Modeling LLC, Seattle; and Jeanelle Clarke,
Graham Mott, Alessandro Nicita, Tansug Ok, Carlos Razo, Claudia Roethlisberger, and Simonetta
Zarrilli Traeger from UNCTAD

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United Nations Conference on Trade and Development Thailand GDP 2020 tourism economic crisis job loss international flights unemployment

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COVID19 v Thailand - $ 47 billion tourism loss: UN study

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