POST Online Media Lite Edition



 

Thailand to help tourism with tax cuts and loans

Christian Fernsby |
Thailand will introduce a package of measures next month to help its tourism industry, reeling from the outbreak of Wuhan coronavirus, Deputy Prime Minister Somkid Jatusripitak said today.

Article continues below



Topics: THAILAND    TOURISM    TAX    CUT    LOANS   

The package will include steps to help businesses to prevent layoffs and to promote domestic travel, Somkid told reporters.

The government expects the number of foreign visitors to fall 5 million this year to about 35 million owing to the outbreak. Spending foreign tourists accounted for no less than 11% of Thailand's GDP last year.

"The government is very worried about job cuts," Somkid said. "We will help ease the situation and will do it quickly".

China, the centre of the virus outbreak, accounted for 28% of Thailand's tourists and tourism revenue last year.

This year, the government expects the number of tourists from China alone to fall 2 million.


What to read next

Thailand and Pakistan to sign trade deal this year
Thailand to boost tourism during low season
Thailand plans to strengthens its tourism industry even more