Turmoil in Thailand threatens lucrative tourism industry

There are now very real questions as to "how long Thailand's vast tourism industry can withstand the political pressure ahead of what could be some of the largest protests the country has seen thus far," the WSJ says.

Demonstrators loyal to opposition leader Suthep Thaugsuban took to the streets in Bangkok Sunday and are reportedly planning their most ostentatious rally yet later this month.

Although tourism in the country has proven resilient, the Journal notes that this time may indeed be different: "Singapore Airlines ... said it would cancel 19 flights to [Bangkok] between Jan. 14 and Feb. 25 as demand dwindles [and] hotel occupancy [is expected] to fall to 70-75% in Q1 compared with a more usual 80%."

Meanwhile, Thai stocks (THD, TF, TTF) are off to their worst start for a year since 1988.

Comments (4)
  • Bouchart
    , contributor
    Comments (1162) | Send Message
    There's always political instability and coups in Thailand...nothing out of the ordinary.
    5 Jan 2014, 11:56 AM Reply Like
  • rajmadan
    , contributor
    Comments (32) | Send Message
    They need to do something to make it extraordinary. They need to start a new "Tom Yam Goong" party to make it fragrant, spicy, colorful and hot.
    5 Jan 2014, 07:16 PM Reply Like
  • Roger C. Wren
    , contributor
    Comments (260) | Send Message
    I live in Pattaya, about an hour south of Bangkok. This crisis, the same as previous ones, has had no (zero) impact outside of Bangkok.
    5 Jan 2014, 10:43 PM Reply Like
  • themarketnews
    , contributor
    Comments (42) | Send Message
    Yes big deal. Connections to ASEAN neighbors and opening up of Myanmar all bode well for THD in the future whatever these political arguments yield. '06 tanks in the streets, '10 main airport shut down and occupied by same people protesting now. 2011-2012 THD new highs
    7 Jan 2014, 10:09 AM Reply Like
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