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| May 20, 2010 | Thailand's tourism sector loss put at 120 billion baht | | Bangkok: Thailand's tourism industry experts have claimed that the Red-Shirts' anti-government rally could cause the sector about 120 billion baht in lost revenue. "The political turmoil will drive away foreign tourists. The number of foreign
arrivals this year is expected to drop by 10 per cent to between 12.7 million
and 14.1 million," The Bangkok Post quoted Kongkrish Hiranyakij, Chairman Federation
of Thai Tourism Industries, as saying. He further said the number of foreign tourists
was expected take a 20 percent dip in the second and third quarters of the year,
bringing projected revenue down from 600 billion baht to only 480 billion baht
this year. The industry, which supports six percent of Thailand 's economy and
employs 15 percent of the country's workforce, has been hammered by the nine-week
political turmoil and rioting. Nearly 1,800 people have been wounded in the period
as the government, backed by Thailand 's royalist establishment, and the protesters
with their support from the rural masses and ousted premier Thaksin Shinawatra,
failed to find common ground. | |
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