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Although floodwaters from a recent deluge in Bangkok have largely receded, economists warn the impact on the Thai economy could be greater than initially expected because of forecasts of more rainfall and rising financial burdens on affected households.
Trat: Operators and local officials on Koh Kut expect tourism to recover towards the end of this year and into next year, but remain wary of traveller confidence, the border situation and the island's limited infrastructure.
Bangkok governor Chadchart Sittipunt has defended the city's flood-management strategy, rejecting claims that Bangkok had abandoned its royal "monkey-cheek" water-retention projects.
The Greater Bangkok housing market is entering a structural shift, with developers cutting new supply while condo sales recover and accumulated unsold inventory declines, according to the Real Estate Information Center (REIC).
More than 5,400 room nights were cancelled or postponed between Sept 27 and Oct 4 nationwide, according to the Thai Hotels Association (THA), due to severe floods in Bangkok and the central and eastern regions, resulting in weak tourism confidence.
There will be no heavy rain in the Central Plains, including Bangkok and surrounding provinces, over the next 10 days, but communities in the Chao Phraya basin should prepare for a water runoff influx from northern Thailand, says natural disaster specialist Seree Supratid.
Thailand’s capital is the world’s most visited city, a place where monks in saffron robes rest in the shade of towering malls, and heritage-inspired meals are served in former family shophouses.
The Thai Travel Agents Association (TTAA) is urging the government to amend passenger protection regulations to extend coverage to associated costs beyond airfares in the event of flight disruptions, as massive flight cancellations by Thai Airways (THAI) are estimated to cost tour companies more than 10 million baht in damages.
The Bangkok Metropolitan Administration (BMA) has assured residents that Chao Phraya water levels remain manageable, as they are already falling in Klong Chan and other flooded areas.
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