Thailand’s deputy PM says that relying too much on tourism is “unacceptable.” In Supattanapong Punmeechaow’s speech, he said that the tourism industry will never be allowed to recover to its previous levels.
For years, Amazing Thailand was the nation’s slogan, which brought in $56.2 billion in 2019 alone, but after Covid struck, it is clear that there has been a major policy shift in thinking by PM Prayut’s cabinet.
As the nation’s travel and tourism industry accounts for up to 20% of GNP and around 10% of all jobs, the revelation is troublesome for the country’s investors and property developers, which may see no point in continuing to build up Thailand with more hotels, if the industry may never see a repeat of the 39 million+ tourists that arrived in 2019.
The deputy PM admitted that the Covid outbreak exposed cracks and flaws in the economy.
“The Covid-19 outbreak…
