Empty hotels
The head of Thailand's Eastern Region Hotels Association called on the government to revive its so-called "travel bubbles" plan and allow foreign tourists in before hotel owners start selling their assets to foreign investors.
President Phisut Sae-Khu told the July 24 annual meeting at the Cape Dara Resort that a lot of government support is needed before the end of the year for tourism businesses to survive.
In June, it appeared Thailand was ready to exchange tourists with countries that had the coronavirus under control, including Japan, China and South Korea. But following new outbreaks in those countries, Chula Sukmanop, director general of Thailand's Civil Aviation Authority, said negotiations to finalize travel bubbles would be postponed "indefinitely".
On July 19, Foreign Minister Don Pramudwinai confirmed that foreign tourism would not resume anytime soon, saying the travel bubbles “can wait”.
Phisut disagrees. He says the government has worked hard and spent tens of billions of baht to boost domestic tourism. However, hotels and tourist attractions cannot live on Thai travelers alone, as two-thirds of all revenue comes from foreign visitors.
Foreign investors are already looking around large hotels and resorts in the Eastern Seaboard. Without help from the Thai government, many of these hotels will fall into the hands of foreigners.
Phisut says the government has more tools at its disposal to help the hotel industry, such as:
- Organizing government seminars and meetings across the country to boost domestic tourism.
- Add holidays to the calendar to make longer weekends.
- Offer the public a tax break of 15.000 baht for spending on hotels, attractions and restaurants.
If no measures are taken, the hotels will have to be sold or forced to close. In both cases, it will cost tens of thousands of jobs, according to Phisut.
Source: Pattaya Mail
If you think this can be solved by stimulating domestic tourism, you also believe in fairy tales
I think that view is very correct.
With only domestic tourism, one will not be able to “survive”, and then everything can be bought for a “price”.
It will be a choice between own economy or economy in foreign hands. And China already wants to buy everything…
Many hotels and resorts will then probably be taken over by Chinese investors who want to focus on Chinese tourists who came to Thailand in increasing numbers and will come back to Thailand after the corona crisis.
In recent years, a number of hotels have already been taken over. For example, one of my regular hotels in Bangkok has had a new Chinese owner for about 2 years and almost the entire staff has been replaced, because every employee must now also be able to speak Chinese. There were always two rooms available for us (two couples) when we called for a reservation and they knew us too. Last year we first heard on the phone from one of those new employees that the hotel was fully booked and only Chinese group tours were welcome.
As long as the price is low enough, there are always (large) hotel chains that now see their opportunities. I have no idea how much the average price has already dropped, but if this were to be around 50%, I think you have a bargain (assuming there is a vaccine for the corona virus).
Well,
To be able to buy a hotel or whatever in Thailand, you will have to do so together with a Thai or Thai company on the 49/51% arrangement. So Phisut Sae-Khu, just talking out of his ass.
Is it also for business objects that you cannot become the full owner?
Het antwoord is beste Laksi, dat er veel Chineze families al jaaaaren wonen in Thailand en ook Thais staatsburger zijn.
And they again have acquaintances and relatives who live in Mr. Li's China.
So they get everything in their name and the money, if not already there, comes from the circle from China.
Because the average Thai Chinese that I know in my immediate vicinity are hard workers thrifty and are financially not without means.
Jan Beute.
With us in the moo track, everything is bought up by the thai-chinese families.
Have built a gigantic Chinese temple just outside the moo track.
When the borders are open again for the Chinese, the temple and the moo track are stormed again.
The houses are frequently used by traveling Chinese.
Wife once commented on it but are all friends and family they say.
Do you really think that large international hotel chains or industrial companies would invest in Thailand if they did not own it for 100%?
There is a special BOI law in Thailand for these types of companies. If you meet the BOI criteria, you can set up a BOI company in certain sectors. In my opinion, the agricultural sector and mining are excluded. Criteria include personnel and investment capital. If you meet BOI conditions, you can own 100% of the shares, land, etc.
“know that in the best case scenario, tourism can only start carefully again from 2022 ” please more about it, source please
Moderator: We do not post such claims without a source.
Ok, here's a source: De Standaard 25 July 2020: According to Stephene, the vaccine expert with the longest track record in Belgium, a vaccine will be ready in the second quarter of 2021 at the earliest.
Dan moet het nog op massaschaal geproduceerd worden, verdeeld en de bevolking nog ingeënt, tegen die tijd is 2021 voorbij.
Only then will travel restrictions be reduced and tourism can really get going again.
Worldwide there is a grand prize to be won and we go by Stephene's opinion?
Rather a drug than a vaccine I think.
Still nice if people think they can have the vaccine in the 2nd quarter of 2021 or a little later.
I don't believe any of it because the virus is constantly mutating.
Er is nog steeds na 100 jaar geen vaccin tegen griep of 30 jaar tegen aids, ook malaria schiet niet echt op, dus als het nu dan wel in een record tijd lukt ga ik mij afvragen wat ze in het verleden hebben uitgespookt. stof voor complot denkers? 🙂
Furthermore, I fear that the thailand party could be over for a very long time for the white man, and that it will be (on a limited scale) Asian tourism and investments (penny on the dollar), but well this is a guess and I hope i'm wrong.
Regards Karel2
There is a vaccine for flu, but because there is a new mutation of the flu virus every season, those who belong to the risk group must be vaccinated annually at the start of the new flu season.
There is indeed no vaccine for AIDS yet, but there are medicines so that the virus no longer has fatal consequences.
Actually, I meant a medicine that really heals and not just gambling what kind of virus strain is coming and then injecting some junk into someone.
Moreover, I think the name medicine is often used incorrectly, because medication that one has to use annually or for the rest of one's life I do not exactly call someone cured.
Meanwhile, more people have died from economic damage and limited access to health care than from the virus itself. Let's wake up, especially in Thailand where the total number of deaths from the virus does not even reach the DAILY toll on the roads.
The world has created an absurd hysteria around a minimally deadly virus, the how and why is not clear to me.
Lift travel restrictions at the end of 2021? I think that if it takes so long that there will be no more hotels in Thailand, let alone any form of tourism. I'm afraid (what I read in an earlier Thailand blog) that it's just over with tourism to South East Asia for many years. I don't want to be pessimistic, but people over the age of 60 will not experience it anymore for the simple reason that tourism, which it was built up in say 25 years, will be broken down within 2 years, so before it gets that far again, it can still be over for a long time to go. Thailand would do well that when it is possible again to focus on China, South Korea, Japan, etc. The Europeans will focus more on holidays (with their own transport) within Europe in the next 10 years, the trend has already been set.