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Thailand's economy is taking a battering1, especially the vital tourism industry as the latest protests in Bangkok have frightened off visitors to the country. Tensions have escalated2 as protesters moved to force military units to stand down amid minor3 grenade explosions in the capital.
Thailand's tourism industry has taken a hit as thousands of anti-government protesters have taken to the streets over the past few weeks to try to force fresh elections.
The so-called Red Shirts, supporters of former prime minister Thaksin Shinawatra, have mounted a series of targeted demonstrations4, ranging from ritualistic blood curses to head-shaving to noisy parades through the streets of the capital.
Although their rally has been somwhat peaceful so far, many remember the Red Shirts' protests last year that turned violent.
Impact
The Association of Thai Travel Agents said international visitor arrivals fell between 20 and 30 percent in March, when the protests began. Tourists coming from such key markets as Japan, China, Hong Kong, Taiwan and South Korea cancelled their plans.
Andrew Cornelio, director of sales and marketing5 at the Dusit Thani Hotel, said the travel advisories6 from more than 30 countries also contributed to the dip in tourism.
"For the Dusit Thani we have seen many cancellations, he said. "In terms of numbers we've lost quite a lot. Right now we have about I would say 15 to 20 percent down from what we expected to be. It's cost our first quarter figures to be below what we have budgeted for."
The tourism industry had been forecasting tourist arrivals of over 15 million for 2010. But analysts7 say the target is now not expected to be met. Tourism accounts for about six percent of Thailand's economy.
Arporn Chewrekrengkai, chief economist8 with the Government Pension Fund, has revised her optimistic outlook for tourism this year.
"This political uncertainty9 will definitely have a very adverse10 impact on the tourism sector11," she said. "Originally I thought the tourism sector would pick up very well in the last quarter of last year. That's why in earlier forecasts we can get around 15 to 15.5 million foreign visitors. So if these kind of demonstrations continue we believe that it will hurt the remaining of this year."
But Arporn says that Thailand's overall economy will get a boost from strong export growth - up between three-point-five to four percent compared to 2009.
More confrontational12 stance
Saturday's protest took a more confrontational stance as Red Shirt protesters demanded troops stationed close to the rally site in central Bangkok to stand down.
Security officials reported two separate grenade attacks that injure one soldier and two civilians13.
The protesters accuse Prime Minister Abhisit Vejjajiva of taking power through illegitimate means with the support of the military and are demanding he dissolve Parliament and call new elections. The prime minister has repeatedly rejected the calls.
Leaders of the protest movement have been portraying14 the demonstrations as a struggle between Thailand's poor, mainly rural masses and the Bangkok-based elite15.
The group largely consists of supporters of former prime minister Thaksin, who was ousted16 by a 2006 military coup17 for alleged18 corruption19, and pro-democracy activists20 who opposed the army takeover. Thaksin remains21 in exile in the face of corruption charges.
1 battering | |
n.用坏,损坏v.连续猛击( batter的现在分词 ) | |
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2 escalated | |
v.(使)逐步升级( escalate的过去式和过去分词 );(使)逐步扩大;(使)更高;(使)更大 | |
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3 minor | |
adj.较小(少)的,较次要的;n.辅修学科;vi.辅修 | |
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4 demonstrations | |
证明( demonstration的名词复数 ); 表明; 表达; 游行示威 | |
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5 marketing | |
n.行销,在市场的买卖,买东西 | |
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6 advisories | |
n.(有关进展、动向、建议等的)报告( advisory的名词复数 );公告;通告;通报 | |
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7 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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8 economist | |
n.经济学家,经济专家,节俭的人 | |
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9 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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10 adverse | |
adj.不利的;有害的;敌对的,不友好的 | |
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11 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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12 confrontational | |
adj.挑衅的;对抗的 | |
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13 civilians | |
平民,百姓( civilian的名词复数 ); 老百姓 | |
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14 portraying | |
v.画像( portray的现在分词 );描述;描绘;描画 | |
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15 elite | |
n.精英阶层;实力集团;adj.杰出的,卓越的 | |
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16 ousted | |
驱逐( oust的过去式和过去分词 ); 革职; 罢黜; 剥夺 | |
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17 coup | |
n.政变;突然而成功的行动 | |
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18 alleged | |
a.被指控的,嫌疑的 | |
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19 corruption | |
n.腐败,堕落,贪污 | |
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20 activists | |
n.(政治活动的)积极分子,活动家( activist的名词复数 ) | |
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21 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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