Tourism operators indicated a slowdown in forward bookings from China for the upcoming Golden Week holiday in October due to a challenging economic climate.
A representative from the Tourism Council of Thailand, Surawat Akaraworamat, revealed that a sluggish economic rebound and potential deflation are having far-reaching effects on disposable income for prospective tourists from the Chinese mainland.
“Travel agents have reported slower booking than usual for China National Day, one of the longest holidays in that country.”
In recent developments on the economic front, major property firm Country Garden defaults on bond repayment further fuelling worries about the state of the national economy.
As part of its efforts, the Chinese Government is promoting domestic tourism in a bid to activate local consumption.
