Tour operators Thailand massively out of business amid pandemic

Thai tour operators massively out of business amid a sharp reduction of the world market as a result of the pandemic COVID-19 and measures adopted by many countries, reports the Bangkok Post.

More than 30 percent of firms working in the field of reception of foreign guests, including tour operators, souvenir shops, and restaurants that accommodate groups of tourists, companies that own tour buses in April-June, ceased operations. Many began to sell their assets and launched the liquidation procedure. Such data are cited, referring to statistics of the Thai tourism Board.

According to the Association of tour operators of Thailand, from January to June this year, more than a thousand companies, that is, the half of having the license, returned it to the state.

Forecast of the annual amount of inbound foreign tourism in Thailand closed the border on March 26 as a measure against the spread of coronavirus infection, fell by 80 percent compared to the same period last year.

To the greatest extent the problem affected firms, specifically oriented to the mass reception of tourists from China, the report said.