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Peace deal unlikely to revive tourism

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Tourists in traditional Thai costumes at the Temple of Dawn in Bangkok in April. (Photo: Varuth Hirunyatheb)

Hotels and airlines remain cautious about the potential end of the Middle East conflict as the positive impact could be delayed due to a steep slowdown in purchasing power, particularly among domestic tourists, during this low season.

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Nuntaporn Komonsittivate, head of commercial at Thai Lion Air, said the average load factor for June and July has fallen year-on-year, as travellers are exercising greater caution with their spending in the off-peak season after shelling out for holidays in April and early May.

Even though a brighter outlook is expected if the US and Iran sign a ceasefire on Friday, Mrs Nuntaporn said fuel prices will not immediately return to pre-war levels, unlike crude oil prices, which have fallen to nearly the same level as before the war.

Read full article at Bangkok Post →