Day: June 16, 2020

Thailand to spend $707 million to boost domestic tourism

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BANGKOK — Thailand’s Cupboard on Tuesday authorised 3 initiatives with a mixed price range of much more than 22 billion baht ($707 million) to enable the country’s reeling tourism sector get well from the coronavirus crisis.

The deals are intended to market domestic travel from July to Oct. Tourism ordinarily accounts for much more than ten% of Thailand’s GDP. Global flight arrivals had been stopped in early April, drying up the sector for overseas tourists.

The largest bundle, with an estimated value of 18 billion baht ($579 million), will give travellers a 40% lower price to a

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New Coronavirus Outbreak, Second Wave Fear In China Prompt Travel Warnings But No Lockdown

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… return together with lockdowns and journey bans.
The Chinese cash … appear to be suspending journey.
Flights into Beijing on … a bit ahead of demand.
Vacation sentiment seemed to weaken … April.
Traders jittered, with journey and tourism shares hit the toughest, …

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