Central bank admits crackdown on zero-dollar package tours has greater impacts than earlier projected

The government’s crackdown on zero-dollar package tours from China may have greater impacts on tourism business than earlier projected but whether the impacts will affect the GDP or not is yet to be assessed together with the overall economic performance, said Mr Don Nakornthap, senior director of Macro-economic Policy Office of the Bank of Thailand, on Wednesday.

Tourism sector accounts for 11-12 percent of the GDP and the number of tourist arrivals for the month of October has dropped to 2.26 million compared to 2.41 million in September representing 10.1 percent drop, said Mr Don, adding that this has weakened the consumption of tourism-related private sector.

Read more: thaipbs.or.th