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Thailand to help tourism with tax cuts and loans

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Christian Fernsby ▼ | February 14, 2020
Thailand will introduce a package of measures next month to help its tourism industry, reeling from the outbreak of Wuhan coronavirus, Deputy Prime Minister Somkid Jatusripitak said today.
Somkid Jatusripitak
Tourism in Thailand   Somkid Jatusripitak
The package will include steps to help businesses to prevent layoffs and to promote domestic travel, Somkid told reporters.

Topics: Thailand tourism tax cut loans

The government expects the number of foreign visitors to fall 5 million this year to about 35 million owing to the outbreak. Spending foreign tourists accounted for no less than 11% of Thailand's GDP last year.

"The government is very worried about job cuts," Somkid said. "We will help ease the situation and will do it quickly".

China, the centre of the virus outbreak, accounted for 28% of Thailand's tourists and tourism revenue last year.

This year, the government expects the number of tourists from China alone to fall 2 million.