Thailand tourism to contract by 1.69 trillion baht this year – Kasikorn Research

1 Oct 07:00 Key points summarised by AI

Thai tourism faces a projected 1.69 trillion baht revenue loss this year, primarily due to the COVID-19 pandemic and diminished tourist purchasing power.
Despite a potential recovery next year, the sector will struggle to return to pre-pandemic levels as strict public safety measures, including screenings and social distancing, remain in effect.
Tourism operators must adapt by prioritizing safety protocols, implementing online check-ins, temperature screenings, and minimizing physical contact in all services.
A proactive approach is crucial, requiring operators to actively engage potential customers, offer comprehensive package tours in collaboration with airlines, and facilitate online sales of local products.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.