A recent crisis in tourism in Thailand - Essay Example

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A recent crisis in tourism in Thailand

Center of discussion in this paper is Thailand 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. In 2010, 15.8m foreign tourists visited Thailand. However, the arrival of the foreign tourist sharply declined by 12.9% in May 2010 as contrasted the corresponding period in 2009. In the last two decades, Thailand had witnessed one after another worst crisis. 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. 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. Tourism has been regarded as one of the largest sectors of the Thailand’s economy and a major foreign-currency earner. ...Show more

Summary

The paper tells that in the last two decades, Thailand had witnessed one after another worst crisis. As per Fouchier et al, in 1996, Thailand was impacted due to Asian Financial Crisis, and then its tourism industry was affected by the Bird Flu in 2004 and also by SARS in 2004…
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