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A recent crisis in tourism in Thailand
Pages 10 (2510 words)
A recent crisis in tourism in Thailand A recent crisis in tourism in Thailand Student’s Name College Name Professor Name Subject Abstract Thailand stood as the second –largest player in the tourism sector in the region and one of the top 30 destinations in the globe both in indirect and direct contributor to GDP and in absolute terms.
The decline in numbers in 2010 was due to long-run street protests in Bangkok that dispirited the foreign tourists. In the fag end of the year 2011, Thailand met with another crisis – unprecedented flood, which devastated its economy and tourism sector. This research essay will analyse the various crises witnessed by the Thai’s tourism industry and recent havoc flood in 2011 and how it has impacted the tourist industry of Thailand and suggest means to devise suitable strategies to mitigate the future crises from impacting the Thailand’s tourists industry. Introduction Thailand has been regarded as one of the South-East Asia’s largest economies and has been reckoned as one of the regions’ preferred destination for investments. In the background of global economic downturn and political turbulence it witnessed in 2010, the country is slowly recovering on strong phases. While the tourism industry prolongs to contribute a major part of its export revenues and is set for further growth in 2012 as well and there has been a visible increase in its export revenues but in the fag end of the year 2011, Thailand met with another crisis – unprecedented flood, which devastated its economy and tourism sector (Oxford Business Group, 2011, p.2). Tourism has been regarded as one of the largest sectors of the Thailand’s economy and a major foreign-currency earner. ...
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