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Thai tourism ‘will be hit badly’ by Hong Kong airport closure

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Thai tourism ‘will be hit badly’ by Hong Kong airport closure

By The Nation

 

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The shutdown of Hong Kong airport could cost Thailand Bt1.4 billion in lost income, Kasikorn Research Centre said.

 

The centre estimates the Thai tourism industry will be adversely hit if flights from Hong Kong are disrupted for more than seven days. This is high season for Hong Kong tourists to visit Thailand, because school closes for summer in August there. Thailand has been getting anything from 4,200 to 5,000 visitors from Hong Kong daily this month.

 

“If the airport is shut for seven days, we will lose up to 30,000 visitors,” the research centre warned. 

 

Last year, 1.02 million people from Hong Kong visited Thailand, representing 2.65 per cent of the market share, resulting in an income of Bt42 billion.

 

Flights from Hong Kong were cancelled for a second day when protesters took over the airport on Tuesday afternoon, after it had opened earlier in the day to start rescheduling flights.

 

Source: https://www.nationthailand.com/news/30374704

 

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-- © Copyright The Nation Thailand 2019-08-14

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If that calculation is right, that means every visitor from Hong Kong in general should have been spending over 41k baht.

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Well, time for TAT to hit on the Mongolians, then!

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The good news is some chinese are stuck in Thailand indefinitely...let the good times roll..

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this can't be true. air travel is a very insignificant industry, and this is only one airport... although a big "hub"..... example... air travel only causes 2 per cent of future "ice melting" in 2100 something... so it should not be unfairly blamed for hurting tourism or the economy at all. maybe only 2 per cent.

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.-thai-commerce-ministry-optimistic-of-export-growth-hk-unrest-has-little-effect/

3 hours ago, webfact said:

Thai tourism ‘will be hit badly’ by Hong Kong airport closure

Pick a card.....any card! If bullshit was music...………............….!

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Interesting article picked up by the local papers yesterday, which explains why this is such a problem in relation to Cathay Pacific (HK's national carrier), who I would assume carry a fair few of the Chinese tourists who visit. A quarter of Cathay's business requires use of Chinese airspace, since flight schedules include mainland China or Europe. Flights to and from Hong Kong aren't typically some local inter-regional hop between HK-BKK such as those provided by the low budget airlines, but often part of a longer haul sector that stretches to Europe and maybe as far as the US. I also used Cathay a couple of years ago to Bangkok from London and it was clear the final leg (which was jam packed) was also a connecting flight for travellers from mainland China. Closure of Chinese airspace would send their ticket prices from Europe into the stratosphere, killing the profitability of these routes - they don't get much of their profit through passengers who hop on the last sector only. The writer draws parallels to the devastating effects the closure of Saudi airspace had on Qatar Airways' business in recent years, and sets out how much worse this would be for the HK airline:

https://www.bloomberg.com/opinion/articles/2019-08-12/china-clips-cathay-s-wings-over-staff-backing-hong-kong-protests

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Watching the Thai news this morning, Chinese tanks are already at the border. 

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2 hours ago, Somtamnication said:

Well, time for TAT to hit on the Mongolians, then!

free  visas  for Inuits  next!

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1 hour ago, Isaanbiker said:

Watching the Thai news this morning, Chinese tanks are already at the border. 

Big brother is on the move !!!!

The showdown is on the brink of open warfare.

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This is gold for TAT,they can draw the focus away from the fact that due to many factors not least the strength of the Baht,tourism is down just about everywhere here,i was recently in Kanchanaburi,i go there a fair bit and have never seen it so dead,my girlfriend and i hired a boat up the river,we were the only ones at the peir and had the boat to ourselves,other mates have recently been to Pattaya and one to Phuket,he could not believe the prices for beer.

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