Recently, there has been a serious decrease in tourism revenues in almost all countries around the world. The decline has brought the economies of many countries to the end. The resulting outcomes give hints that not only economic systems but also health systems will collapse in a very short time. One of the countries with the highest tourism income source in the world is Thailand. The consequences of Thailand’s serious decline in income along with the devastating impact of the Coronavirus could be severe. According to reports from the Thai government, this effect was greater than expected.

What Happened in Thailand?

Thailand has also witnessed a rapid decline in tourism since the end of March. Most of the tourists coming to the region are Germans. It is known that the most popular area in the region is Phuket. Chinese, the Russians, and Australians are also the most visited people in the region. In the countries where these nations live, Covid-19 has increased significantly.

There had been a tsunami disaster in Thailand before. The total cessation of tourism in the tsunami areas and the automatic expenditure of the country’s general economy on improvements in the region had completely affected the distribution of revenues. This situation happened in 2004. According to statements made by the Thai government, the Coronavirus has caused economic consequences even worse than the tsunami disaster. 14 million tourists arrived in Thailand in 2019, although in 2020 this rate dropped significantly.

In the first half of 2020, the economy in Phuket suffered a loss of 180 billion baht (€ 4.84 billion / $ 5.72 billion) due to a decline in tourism activity, according to official statements. According to the experts’ research made so far, 3,500 infections and 58 related deaths have been reported in Thailand.