Airports of Thailand suffered a -22.21% fall in international passenger numbers in May compared with the same month last year.
Airports of Thailand operates six international airports – Suvarnabhumi and Don Muang in Bangkok, plus Phuket, Chiang Mai, Hat Yai and Chiang Rai. It handled 2,252,571 international passengers (embarking, disembarking and transit) in May.
The poor May figures are linked to the political instability in the country which has hit tourism hard, plus the global financial crisis and the Influenza A(H1N1).
It has been a bad year for travel and tourism in Thailand with year-on-year monthly international traffic falls of -17.97% in January, -21.15% in February, -15.47% in March and -12.91% in April. For the first five months, international traffic was down by -17.93% year-on-year. (Moodie)
Another tasty Green Shoots Salad.
Watch out however : AOT wants to hide behind a fog cloud… and is mixing all the data : embarking, disembarking and transit. 😉 Still we have -apparently- a valid year on year comparison. We would need the “international arrivals” data… But those data will be published in several months…
As for the “political crisis”… well… it was rather in april (with the “revolucion” and the thai army shooting in Bangkok’s streets)…
And you can see the trend is not improving, month after month… Of course the flu doesn’t help (albeit in may, there were no cases in Thailand)… The main explanation is of couse : the crisis.
Less money, more problems lead to less international visitors. It’s Economy 101.
Like we had Peak Exports (last july)… Peak Tourism is behind us… And we won’t see again those levels any time soon.
I wrote it many times : this is not a linear process. The longer the crisis lasts, the uglier the fallouts on the economy will be.
A proof : after several month of hard conditions… the tourism businesses in Thailand are calling for help.
Association of Domestic Travel (ADT), the Thai-Chinese Tourism Alliance (TCTA) and the Thai-Japan Tourist Association (TJTA) complained to the House committee on tourism and sports that the government was not doing enough despite the gravity of the situation.
“There have been empty promises. We just can’t wait for state agencies’ help, and the prime minister must take a leading role,” said ADT president Maiyarat Pheerayakoses. (Nation)
Of course, those lobbyists have the wrong reaction.
To give them “loans” won’t solve the issue ! It’s not a liquidity problem, like they say, just a big, very big demand problem ! Throwing money at those companies won’t help.
They have to downsize, lay off, cut their prices etc.
Too many hotels, too many restaurants, too many “spas (today, virtually all hotels in Thailand are “spas” too, what a joke), too many guides, too many minibus drivers, too many employees, too many of everything etc.
And governments around the world can’t give a bailout to every freaking business sector on this freaking planet !
People don’t want to understand this simple equation.
Too bad for them.