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Thai tourism in trouble: And competitor Vietnam is "scary" for Pattaya

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4 hours ago, Metapod said:

Exchange rate is bad, costs are going up, visas are getting a lot harder to get, and more competitive alternatives are arising.

 

it isn't really surprising stuff. Thailand ain't that cheap anymore. Aussie dollar is like 21.7 thb these days. A lot of things are cheaper back in Aus now,

Thai prices in Baht are still cheap . It's other issue they make it expensive like a retires having to deposit  800,000 B in the Thai Bank with very little return. The Government is using it as foreign capital reserve which is keeping its head above water. The Baat will lose its value with a drop in tourists.

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2 hours ago, Geoffggi said:

Well the people who are in charge cannot say they have not been warned, enough comments have been made and repeated several times but it seems to no avail, are they waiting for the final horse to find the exit before closing the gate and making some sensible adjustments to the current policy....????

The powers that be, most certainly, never read Thai Visa Forum

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6 minutes ago, Thaidream said:

It may not have changed for you- but it has changed for mostly everyone else.

 

Not many people will put 800K in a Thai Bank and then leave it there for 5 months so the bank can use it at their discretion and then leave 400K permanently .  The whole purpose of the money in the bank is to use if for one's living expenses not to enrich the banking industry.

 

Retirees want long term stability

Everyone I know did, years ago.  You mention retirees want long term stability - that equals money in the bank. 

 

Do retirees have money in the bank at home where they live?  Of course they do. So, when they move to Thailand they put a sizeable chunk of money in a dependable Thai bank.  Same as home because Thailand is now home. 

 

The whole purpose of money in the bank is stability and security and interest.  I get 2% same as I'd get at home.  I pay the bank a commission same as in America to keep my money safe. 

Edited by marcusarelus
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4 hours ago, Lucius verus said:

ANZ bank this morning offering 20.9 baht for your hard earned dollars.

You may as well just toss your money over the counter and go home.

PI's and Vietnam with weak currencies are going after the Aussie market as well as new direct  destination sri Lanka. Throw cheap Bali into the mix and others and Thailand is in trouble.

It's your own currency what is to blame. Thailand does not fix the rate . It's done on the money markets. Try Visa, Master card.

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12 minutes ago, Dogmatix said:

Thai government officials really have only the foggiest notion why foreign tourists come to Thailand and will be equally puzzled when they stop coming. 

With 20 million Chinese coming here I think they have an idea - cheap vacation. 

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