Thai Tourism Expected to Experience Severe Downturn in Wake of Military Coup
CNN - In most capital cities, waking up to images of armed soldiers, military vehicles and blockades on the streets, as the army gears up for what it would later declare a coup, might be cause for alarm.
But Bangkok isn’t your average city.
Since 1932, the year Thailand became a constitutional monarchy, there have been at least 18 actual or attempted military takeovers.
Since November 2013, widespread protests and the threat of violence have been a constant presence in Bangkok, as two divided sides passionately battle over the country’s future leadership.
But for international tourists looking to visit Thailand for a seasonal winter getaway, it’s hard to be blase about the situation.
Street protests, grenade attacks, martial law and military coups just aren’t part of their daily vernacular and the recent months of political conflict have taken their toll on Thailand’s tourism industry.
International bookings for inbound Thailand vacations are down 17% year-on-year (YOY) for the November 1, 2013 to March 18, 2014 period, and 21% since January 1st (YOY), says Olivier Jager, CEO of travel data intelligence firm ForwardKeys.
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