Published on : Saturday, January 18, 2014
Thailand is rapidly losing tourist dollars, due to its political unrest, and far reaching impact on the wider region. January is usually a peak season for tourists in Malaysia, but the unending protests and uncertainty in Bangkok have affected tourist influx. Some travel agencies are experiencing last-minute cancellations, as many programme itineraries cannot be changed without incurring costs.
Thailand and Bangkok needs to worry about, as Tourism sector and foreign direct investment is affecting due to its political turmoil. Thailand is the seventh major car manufacturer in the world, churning out almost 2.5 million units a year. But it is losing speed, as its ASEAN neighbors revving up competition.
“This is all about business, spreading the business risks, not to put all the eggs in one basket. Some are deciding even going into other ASEAN countries, some into Malaysia. We have enough platform now to receive whoever who wants to divest into Malaysia,” said CEO of Malaysia Automotive Institute, Madani Sahari.
Tags: thailand tourism