economic slowdown in key trading partners, the tensions on trade protectionism policies. Tourism sector slowed down mainly from the decreased in Chinese and European tourist figures. However, the number of
from slow investment from private sector and export sector. Additionally, Thailand’s tourism has shown slow pace from a drop in international tourist arrival, especially Chinese tourists (Source: The
. Exports of services grew at a lower rate as the results of the number of Chinese tourists contracted, due to the Phuket tour boat sinking incident, and the number of Russian tourists declined, due partly to
5.8 percent while North Asia and European market dropped by 2.5 percent, and 1.4 percent respectively. Chinese tourist arrivals, accounting for 27.0 percent of all international arrivals, had indicated
), AUD (Australian Dollar), JPY (Yen), SGD (Singapore Dollar), HKD (Hong Kong Dollar), CNY (Chinese Yuan) and KRW (South Korean Won). LH Financial Group Public Company Limited Management Discussion and
factor of slower growth was The US-China trade war in February-June which had affected to China economy. Therefore, the number of Chinese tourist in February-June decreased by 7.7 percent. Although the
the winter and the high oil price level. Whereas the Chinese government announced its third and fourth export quota for 2018, an addition of 1,740,000 Tons (14.45 million barrels), leading to an