Thailand’s government lists some of the ways it has ‘rushed’ to help the tourism industry
The Thai government said it has “rushed” to help tourism operators financially and introduced travel subsidy schemes during the Covid-19 crisis, as the companies are a key factor in boosting economic recovery.
It listed the ways it has helped businesses:
1. Improved liquidity with low-yield loans with total lines of credit exceeding 150 billion baht, such as the GSB Soft Loan project.
2. Provide measures to reduce the burden of collateral deposits by tour operators to 30 per cent, resulting in a return of collateral to 6,639 operators, amounting to more than 498 million baht.
3. Re-opening the country to international visitors and boosting domestic tourism. This includes helping to restart the tourism industry, organizing seminars, developing policies to revitalize the industry, introducing the Health Safety Standards (SHA) certification and promoting domestic tourism by offering subsidies for hotel rooms, flights and food.
The government hopes to attract some five million foreign tourists this year, with a turnover of more than 350 billion baht. It is also aiming for 90 million domestic trips, generating more than 299 billion baht in tourism revenue.
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