With tourism on the ropes, long-term visas can pep up economy, experts say
Moves by Thailand to offer long-term visas to wealthy foreigners as part of its economic recovery plans have been endorsed by figures in the hospitality industry and academia.
They say a focus on richer foreigners will help spur investment flows and boost an economy hit hard by the coronavirus-induced shutdown of the vital tourism industry.
“The easiest way, if you are undercapitalized right now, is to attract foreign investment,” said Bill Barnett, a Phuket-based Asian hospitality expert.
“You are fishing where the fish are,” said Barnett, managing director of consultancy…
