(LINK) Popular Thai Beaches Pricier Than European Resorts: It’s Not Just About the Higher Baht – Skift

Popular Thai Beaches Pricier Than European Resorts: It’s Not Just About the Higher Baht – Skift

Awesome to see someone tell it like it is for once. I have been saying it for years – the quality is down, pricing is up and some places are completely over done.

Some choice quotes:

A Thai holiday pricing has increased by about 30 percent in U.S. dollar terms and 40 percent euros over the last five years due to the appreciation of the baht and inflation, Diethelm’s Group CEO Stephan Roemer pointed out.

“Hotels at the well-known resort areas in Thailand are more expensive than comparable resorts in Europe. I fear a negative impact in the medium to longer term [six to 18 months) particularly for the leisure market to Thailand,” he said.

However, a guest mix heavily slanted towards Asia has become an issue for some upmarket European guests for whom Thailand also appears to be losing a bit of amazingness. This is due to its political situation and overdevelopment, aside from the structural change in market mix.

“Some of the hotels have shifted their guest mix and sell a bigger percentage to the Chinese market. So the atmosphere in the hotel can change to the point where clients tell us they will not go back. This is a very important issue,” said Ruth Landolt, general manager of Asia365, a tour operating company based in Zurich that crafts tailor made tours to Asia for German-speaking markets.

This is best part:

His top grouse with Thailand — and with neighboring destinations such as Vietnam and Cambodia — is overdevelopment.

Kevan foresees many hotels in Bangkok, Pattaya, Hua Hin, and Phuket, in particular, being turned into condos in the next few years due to oversupply and owners wanting a quick capital return. In Vietnam, certain resort destinations are “unrecognizable” from five years ago, he said, while Sihanoukville in Cambodia “is just a disaster on every level unless your focus is solely on low-end Chinese sex and gambling tourism.”

(LINK) Police Shut Down Thailand’s Most Popular Pirate Site Following Hollywood Request – TorrentFreak

Jon covered this in the newsletter – http://atr.asiatechreview.com/issues/asia-tech-review-11-november-2019-209768

One of the video pirate sites was shut down.

Police Shut Down Thailand’s Most Popular Pirate Site Following Hollywood Request – TorrentFreak

What I am always surprised is how this is allowed to keep running – and it makes money too.

http://seesantv.com

One trick they employ is you can’t see it in Thailand.

😉

Asia Tech Podcast – Episode 44 – Michael Smith Jr – Partner at SeedPlus – Project Alpha Bangkok – Asia Tech Podcast

Awesome to be back on Michael’s podcast!

https://alpha.seedplus.com/#bangkok

Sign up and meet us at True Digital Park on July 18.

Asia Tech Podcast – Episode 44 – Michael Smith Jr – Partner at SeedPlus – Project Alpha Bangkok – Asia Tech Podcast
— Read on asiatechpodcast.com/2019/07/06/asia-tech-podcast-episode-44-michael-smith-jr-partner-asia-at-seedplus-project-alpha-bangkok/

Teflon Thailand

Linked to this yesterday :: https://seedvc.blog/2019/04/01/thai-election-gives-businesses-incentive-to-invest-abroad-bloomberg/

This is another good one :: https://asia.nikkei.com/Opinion/Teflon-Thailand-feels-the-heat

As stated yesterday – Thailand is underperforming and it could soon affect all aspects of Thailand.

This is the most alarming stuff:

Domestic strains abound, too. Household debt is, officially, an alarming 78% of gross domestic product. Officially, because this figure only reflects money owed to financial institutions. It does not account for a sprawling “gray economy” awash in curb-side lending that often comes with extortionate interest rates. Indonesia’s ratio, by comparison, is about 17%. In South Korea, a byword for household debt, it is 100%, but Korea is a much richer and more developed country.

As of August, roughly a quarter of households had trouble making repayments on car loans, credit-card debt and in other areas. This ranks among the most obvious barriers to Thailand raising GDP growth rates to the 5%-6% needed to reach middle-income status. Domestic consumption drives more than 50% of GDP. The more debt households take on, the greater the drag on growth.

Another problem the junta has not addressed: a demographic clock that is speeding up. Last month, the Bank of Thailand warned its “aging society” could be one of the first developing nations with an over-65 population of 14% or more by 2022.

As long as I have been in Asia Thailand has had and largely acted like Teflon.

It may not last folks.