What did we know?
Thailand’s resilience has been proven in the past more than once.
We survived and very quickly recovered from Bird flu (1997), SARS (2003), Swine flu (2009), Ebola
(2014), as well as from the horrible Tsunami in 2004.
Seems Thailand has a Teflon coating to protect us and recover fast from almost anything.
How does an attack on Thailand’s tourism industry (17.9% of its GDP) impact us?
Time will tell.
To date (June 2021) – we are amidst the 3 rd wave.
Restaurants buckle under fresh curbs as Covid cases soar again…
It is very sad to see – but it is the reality we are facing.
When will we recover and resume “back to normal”?
Estimates vary from October 2012 to more conservative estimates 2023-2025.
And what is “normal”?
It is our prediction that Thailand (Pattaya) will not be the “same” again.
Future traveling will pair with a vaccination passport. No vaccine – no entrée.
Travel in the New Normal
We predicted Thailand — and Pattaya — would not be the same again. Future travel would pair with a vaccination passport: no vaccine, no entry. Nothing new — most of us have had at least one of these: hepatitis A/B, typhoid, cholera, yellow fever, Japanese encephalitis, rabies, meningitis, polio, MMR, Tdap, chickenpox, shingles, pneumonia, influenza… now add COVID‑19 to the list. Face masks and social distancing will fade, and hugging, kissing, and gathering will return.
So, what will change in the future?
As for the tourism industry in Thailand (Pattaya), we think, in the short term, that mainly the
demographics will change. With that, certain lifestyle and habits etcetera.
The first markets to resume traveling Asia, are Asians themselves.
Thailand has always been favorable to Asian tourists such as Chinese, Koreans, Taiwanese, Singaporeans and, Malaysians.
“Western” tourist traffic will resume, albeit in dribs and drabs.
Wasn’t the pandemic borne in the east? Why should we travel there unless it is fully controlled and back
to normal? Just guessing of course but let us see.
Pattaya’s New Normal
Catering for short‑term tourism — 4–5‑day weekend trips, a few times per year. Entertainment tailored to Asian tastes: shows, karaoke. Cuisine adapted for Asian palates. More oriental‑style accommodation — hotels and residential projects. We also expect large investments in infrastructure, industry, and the Pattaya property market.
As we know there is a lot of money in China, Hong Kong, Singapore, and Malaysia… And many of its
residents are eager to diversify their investment portfolio. Thailand is shortlisted to receive those
kinds of (institutional-) investments.
Doom & Gloom?
Not at all. We think that a lot is about to happen, very soon.
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Author: Mr. KC Cuijpers For more information: Please contact Town & Country Property – [email protected]