Based on the calculation of the Federation of Thai Tourism Associations, the number of foreign tourist arrivals this year is estimated to drop to 12 million people from the original estimate of around 15 million tourists. The tourism industry is estimated to overdrawn up to 70 billion baht, equivalent to U.S. $ 2.2 billion (Rp 20.1 trillion).
"This loss does not include trade," said Atthachai Burakamkovit, Secretary Ministry of Tourism and Sport. To restore the tourism industry, the government plans to submit the budget packet recovery rate of 5 billion baht (U.S. $ 154 million).
But the government plans to use the state budget to help the private sector has not fully welcomed. "It's a difficult situation that we had to face," said Bill Heinecke, Director of Minor International, which operates 16 hotels in Thailand, including a luxury hotel Four Seasons Hotel Bangkok.
Hotel in front of the Red Shirt protest zone is most affected. During the six weeks to close, the total loss is 100 million baht (U.S. $ 3 million). "We never found this bad incident," said Prakit Chinamornpong, President of Thai Hotels Association.
According to Prakit, since demonstrations took place, the hotel occupancy rate is only 10 percent. Association asked the government to give aid and soft loans from the hospitality tax could be 3 percent this year.
Translated from: http://www.tempointeraktif.com/hg/bisnis/2010/05/31/brk,20100531-251648,id.html
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