Where Are The Russian Tourists?

[Coss]

Source

 

 

BANGKOK, Thailand - With THAI having already cancelled direct flights to Moscow and analysts expecting 100,000 fewer Russians to Pattaya and secondary Thailand destinations, the future is looking challenging.

 

A crisis created by dramatic decrease in crude oil prices has plunged the Ruble into a 40% drop in value and still heading south. Many Russians are offloading recently purchased condos and that is placing an additional worry and strain on the area at this time.

 

Hotels and tourism businesses hoping to offset occupancy losses of upwards of 80% must avoid the possible terminal decision to fill beds with low spending Chinese tourists.

 

Bottom end Chinese tourists are lowering the bar and creating a serious situation affecting all other associated tourism.

This could bring down the future of Thailand tourism very quickly.

 

The money spend is not sufficient to recover refurbishment costs and increased maintenance. This leads to serious poor reviews, impacting future bookings due to the pace of the internet highlighting the trend.

 

Thailand's tourism, like the national airline (TG), needs a wake-up call.

 

There is absolutely no future in double digit growth of bottom end Chinese tourism. It's not a savior, it's a nail in the coffin.

 

Losses to tourism and property businesses in Pattaya could reach 1 trillion baht spend reduction in Pattaya/Jomtien by May 2016.

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<sound of bubble bursting>

[StoneSoup]

My friend who has run a business in Shanghai for many years describes Chinese tourists as swarms of locusts, who destroy in their path.

 

Good luck with that, Thailand.

 

SS

[jon46]

here in the states, it has been reported that Chinese tourists are big spenders, spending on average much more than tourists from other nations.

 

While a majority of them come in groups and their lack of manners presents problems for the host country, their

contribution to the economy is nevertheless appreciated.

[Flashermac]

They certainly aren't big spenders in Thailand. The budget crowd comes here, usually on prepaid tours. They don't have much to spend and seem to do little more than ogle.

[Mekong]

The Chinese are class compared to Northern Vietnamese, they despise each other in neighboring communes over here

[buffalo_bill]

More than lovely Pam , member of staff in Thailand`s only massage shop that exclusively offers medical treatment reports Chinese as almost only customers these days . Thought most hated ones due to constant complaining , rude behaviour and not 1 Satang tip ever .

[jon46]

 

As reported by CNBC (US cable network) in 2014

 

 

Chinese tourists have become some of the biggest spenders abroad, according to a new report, averaging over $1,000 a day.

 

According to Hotels.com's Chinese International Travel Monitor (CITM) report published Wednesday, the average Chinese overseas traveler spends a whopping 6,707 renminbi ($1,086) per day while on vacation, excluding accommodation costs.

 

However, in the data breakdown, the report, which surveyed 3,000 Chinese tourist and 3,000 hoteliers worldwide, showed that an extremely wealthy segment of traveler was responsible for pushing up the average.

 

 

 

Around 15 percent of respondents said they spent 10,000 renminbi ($1,619) a day, while 2 percent spent 50,000 renminbi ($8,095) a day.

 

But the bulk surveyed were at the lower end of the scale, with 28 percent spending between 2,001 and 5,000 renminbi ($324-810) and 36 percent spending between 500 and 2,000 renminbi ($81-324).

 

Chinese travelers have been the biggest spending group among the countries surveyed by Hotels.com surveys since 2012. Total spending by this group has increased to $129 billion in 2013 from $27 billion in 2012, according to data from the United Nations.

 

The CITM report didn't delve into the specifics as to what the travelers were spending their cash on, but according to analysts at research house CLSA, hitting the malls and casinos were largely to blame.

 

"We've done a survey of 41 cities in China and people say they want to go sightseeing or experience different cultures, but ultimately all they want to do is shop and gamble," said Aaron Fischer, CLSA's head of consumer and gaming research.