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Pattaya: Grim picture for future of resort as post pandemic optimism dries up


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2 minutes ago, davemos said:

They were illegal in Aus but run by the mafia ..all underground .Legal ones are making heaps of money for infrastructure and projets .Sre there are underground one here ..Thinking it would give people a reason to stay there and benefit the locals .Most go to Cambodia or Manila anyway 

There are resorts and locations where casinos have been envisioned, here, but it seems to be contrary to Thai culture..even though they love to gamble.  The establishment will say that casinos attract crime, but reality is that Pattaya attracts crime already.  I don't think they are calling Sihanoukeville a success story, anymore, but OTOH, those in power have delusions of BKK being like Singapore, and the casinos have worked well for them.

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Most people with loans don't own anything for the banks to take. IMHO Banks are just as likely to fail as any other business. I really don't expect tourism to be profitable again in the near

If I was the Economics or Finance Minister of Thailand I would have trouble sleeping at night.   In my mind would be graphs of the rise in debt---corporate and household---over the last ten

Indentured servitude is on its way . You are most likely right that banks are going to fail but I’m sure there are some financial institutes that are going to prosper . I said it 6 months ago that the

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On 9/8/2020 at 9:24 AM, BritManToo said:

Most people with loans don't own anything for the banks to take.

IMHO Banks are just as likely to fail as any other business.

I really don't expect tourism to be profitable again in the near (5-10 years) future.

Lock-downs and border closures look like lasting for the rest of my life.

 

I'm really not optimistic for any miracle vaccine to solve the world's problems.

And as far as I can see, most governments seem to be enjoying their new found powers of oppression.

Fully agree with your views...it will take a generation and by that I mean 10 years for tourism to recover...there is a vaccine for flu,yet thousands die of flu each year..can't see Covid being any different...As for Pattaya and the other sex venues in Thailand, I suspect they are finished. It's well known that the government have wanted to clean up these places for a long time and now is that opportunity and it appears that they are taking it with both hands and I understand why. They are no doubt fed up of their country being regarded as the sex capital of the world...yes it will take several years to rid the country of that tag. Will probably tie in with it taking a generation for tourism to recover by which time the sex venues will have long gone and been replaced by more family oriented venues...

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Although Pattaya is in sad shape, and so are other cities and areas that depend on mostly foreign tourists, the rest of Thailand is generally financially ok. Bangkok is as busy as ever. Farming parts of the country are always slow, especially this time of year, and economically depressed.

 

Thailand GDP is forecast to be down only 8% this year, compared to last year. That's not bad compared to other countries. Plus Thailand is starting lots of infrastructure projects which will help get more people employed.

 

But can you believe the government's forecasts and statistics?

 

 

 

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9 hours ago, owl sees all said:

A lot of farangs were motivated to go to Pattaya because of the abundance of young, accommodating ladies. Are they still about, or have they returned to their villages?

There are still very many ladies standing around in the empty bars and in the meantime some look extremely horny. 

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of course projects will keep building as they have shedloads of hot dirty  money they need to cleanse on building projects so condos will still keep going up in naklua and wongamet..to be used by those who want to park some dirty money somewhere

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23 hours ago, scammed said:

yes for me personally as i do not need a job for income,

but i also got many thai friends that are really struggling now,

and for the first time in 15 years, i now meet random begging requests the moment i leave the hotel building

 

Good point . 

     I am now getting so many . requests  from thai friends , asking for money ..

      I have helped a few long term  friends , victims of Covid-19 , panic .

       Sadly , i fear the worse , is yet to come ..

 

 

Edited by elliss
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4 hours ago, moontang said:

There are resorts and locations where casinos have been envisioned, here, but it seems to be contrary to Thai culture..even though they love to gamble.  The establishment will say that casinos attract crime, but reality is that Pattaya attracts crime already.  I don't think they are calling Sihanoukeville a success story, anymore, but OTOH, those in power have delusions of BKK being like Singapore, and the casinos have worked well for them.

 

    Surely , there must be more too Thai culture , 

     than  prostitution , and casinos .. ?

   Please , keep us informed ...

 

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23 hours ago, fishtank said:

A business model of providing sex for foreigners and nothing else was always doomed.

 

 

    That said . 

    Pattaya / Thailand,  is a Special Site of Scientific interest .

     Why does the male species , travel half way around the world , for cheap sex .??

 

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3 hours ago, Banana7 said:

Although Pattaya is in sad shape, and so are other cities and areas that depend on mostly foreign tourists, the rest of Thailand is generally financially ok. Bangkok is as busy as ever. Farming parts of the country are always slow, especially this time of year, and economically depressed.

 

Thailand GDP is forecast to be down only 8% this year, compared to last year. That's not bad compared to other countries. Plus Thailand is starting lots of infrastructure projects which will help get more people employed.

 

But can you believe the government's forecasts and statistics?

 

 

 

'But can you believe the government's forecasts and statistics?'

 

No.

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The funniest part of it is that it’s a business model that’s bought millions of Thais out of extreme poverty . Cross the Cambodian border to Thailand and you can easily see what Thailand looked like 30 years ago . 

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On 9/8/2020 at 8:44 PM, fishtank said:

A business model of providing sex for foreigners and nothing else was always doomed.

Doomed, since ca. 200000BC. 

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1 hour ago, GAZZPA said:

i could very easily challenge all of your points but I cannot be bothered, you are making assumptions based on observations of some shops or businesses. I have been in business in SE Asia for nearly 20 years and I can tell you for sure the business in Thailand, particularly Pattaya is very bad, it has been declining for some years. I won't change my mind on that, I closed the majority of my business there and invested my time and effort in the Philippines and Vietnam where there is far more opportunity. I still have business dealings in Thailand but Vietnam and the Philippines are far more lucrative nowadays. I guess we will agree to differ and I am fine with that but it is clear to me you don't have any reliance on the economy in Pattaya for your own income. Enjoy your evening.

If you step back and look at the big picture, Thailand and Thais have survived for 1,000+ years, only in recent years the expat appeared wearing rice-sack with arm holes and spending his 30k Baht per month stipend.  Something tells me a one year gap in expats does not equal gloom and doom.  🧐

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1 hour ago, GAZZPA said:

i could very easily challenge all of your points but I cannot be bothered, you are making assumptions based on observations of some shops or businesses. I have been in business in SE Asia for nearly 20 years and I can tell you for sure the business in Thailand, particularly Pattaya is very bad, it has been declining for some years. I won't change my mind on that, I closed the majority of my business there and invested my time and effort in the Philippines and Vietnam where there is far more opportunity. I still have business dealings in Thailand but Vietnam and the Philippines are far more lucrative nowadays. I guess we will agree to differ and I am fine with that but it is clear to me you don't have any reliance on the economy in Pattaya for your own income. Enjoy your evening.

     Sorry your particular businesses didn't work out in Pattaya.  You didn't mention what your businesses were but perhaps they were victims of the changing tourist demographics the past four or five years with the massive shift to Asian and Indian tourists.  Pattaya in some cases ended up with too many of some businesses and not enough of others.  The result is the same thing that happens anywhere in the World--some businesses no longer attracting sufficient customers close and other different businesses open to serve new markets.    For you, business was bad but that doesn't automatically translate to business being bad overall.  Likewise, some areas declined with the demographic shift and other areas, such as north Pattaya, did much better.            

     Obviously, I'm not going to change your mind by giving you yet another example by mentioning there is a big, new project going up right across the street from Central Festival and you're not going to change my mind with your opinion that business in Pattaya was declining pre-covid--although I will certainly agree that some business segments in oversupply in Pattaya might not have been doing well.  Nothing new or earthshaking there; that's usually always the case anywhere at anytime--America currently with its oversupply of malls, for instance.   Good luck in your new endeavors.  

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9 hours ago, Chris657 said:

It's well known that the government have wanted to clean up these places for a long time and now is that opportunity and it appears that they are taking it with both hands and I understand why.

Cake and eat it! That prostitution is illegal in LOS then surely the lure of the lucre ensured its survival despite the government's half-hearted attempts to clean up. Once the tourists return then so will the sex trade as sure as night follows day.  

 

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