traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic
, helping to stimulate the air traffic demand ( Source: International Air Transport Association). For the Thailand tourism industry in the first quarter of 2018, the number of international tourist arrivals
demand (Source: International Air Transport Association). For the Thailand tourism industry in the first quarter of 2018, the number of international tourist arrivals to Thailand increased by 15.4 percent
. Worse, Brexit risks became heightened in the wake of political change in the United Kingdom. The World Economic Outlook of the International Monetary Fund cut its 2019 global economic growth projection to
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
Economic Outlook of the International Monetary Fund for October 2019 cut this year’s global economic growth projection to 3.0 percent from the previous forecast of 3.2 percent. The figure is the lowest
International Monetary Fund (IMF) thus revised downward its global economic growth projection for 2019 to 2.9 percent – the lowest level since the global economic and financial crisis in 2008- 2009. For the 2020
-China trade negotiations and Brexit risks. The World Economic Outlook of the International Monetary Fund revised downward its global economic growth projection for 2019, to 3.3 percent from the previous
- Pacific remains at the top with a growth of 8.4 percent following by 6.5 and 6.2 percent in Middle-East and European carriers. (Source: International Air Transport Association) Tourism industry in Thailand
reason is airlines were impacted by natural disasters in Sep-2018, including typhoon “Jebi” in Japan and hurricane “Florence” in the US (Source: International Air Transport Association: IATA). A statistic