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Thailand: Government urged to solve tourism-related woes to boost shopping

The government should step up efforts to cope with many tourism-related problems to boost revenue earned from shopping by foreign tourists…

The government should step up efforts to cope with many tourism-related problems to boost revenue earned from shopping by foreign tourists, according to KASIKORN Research Center.

In an analysis report on Impacts from Tsunami on Shopping in 2005: Slow Growth of Only 4%, the leading think tank disclosed annual tourism revenue of 400 billion baht at present stemmed from spending on various activities by foreign tourists during their stay in Thailand.

Of this, up to 28-29% are spending on shopping of various souvenirs by the tourists.

But since 2001-2003, the shopping by tourists from Japan, Malaysia, Korea, Hong Kong, Singapore, China and Taiwan, which made up 90% of total foreign arrivals from East Asia, had declined because of several untoward incidents.

Included are terrorist attacks on the World Trade Center in the United States, US-Iraq war, and outbreak of the severe acute respiratory syndrome (SARS).

KRC said revenue earned from tourists` shopping in the country was expected to sharply drop for this year due to the tsunami disaster late last year and persistent violence in the deep South.

However, it is projected the number of tourists from Europe would increase markedly in the fourth quarter of this year, which is a high season of tourism in the country.

So, it is likely foreign arrivals throughout the whole of 2005 would rise by around 2% to 11.93 million. It would bring about tourism revenue of around 400 billion baht, up 6% from last year.

Of the total revenue, around 114 billion baht or 28.5% are from shopping by foreign tourists, up 4% from last year.

So, KRC said, it was vital for all parties concerned to help seek ways to boost currency revenue from tourists` shopping.

For instance, they should attempt to increase the purchase of goods by foreign tourists by offering attractions of shopping in the country, encouraging value-added tax refund, and organizing shopping festivals.

More importantly, the government must try to accelerate solving many problems affecting local tourism to enhance revenue earned from tourists` shopping.

Co-Founder & Chief Editor - TravelDailyNews Media Network | + Articles

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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