Thailand Tourism Analysis

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Introduction-

Tourism is one of the most important sector in the world economy and particularly many developing countries. Developing countries have been fast growing in tourism industry terms in the world over the last decade. Many developing and develop countries are trying to increase their economy by boosting the tourism and hospitality. “Hospitality and tourism property are considered by the continuous flow of people and their property are increasingly seen as “soft” target for potential harm to the safety of people” (Henelly, 2009). According to Enz (2010) “suggests that it is often difficult to make a distinction legitimate visitors from people who are potential threats”. Tourism destinations too can be affected by actual,

Thailand has a major hub for air trvel into and out of Southeast –Asia. Tourism was expanded rapidly here after the VietnamWar. But few years back it has also affected bye the political instability in 2009 and 2010. In both the second quarter of 2009 and the second quarter of 2010 show the influences of political riots and uncertainty. It has been state out that durion those periods of time Thailand missed out between one and two million potential extra visitors in the both year 2009 and 2010 respecttively.

Number of international tourist arrivals in Thailand: April 2009 - April 2010 ’000

Annual growth in real GDP in Thailand: Q1 2008 - Q1 2010

Cyprus- Cyprus is a small Island in the Mediterranean sea, The 1974 war devastated the Cypriot economy. Following military defeat, the Republic of Cyprus lost 37% of its area to the invading Turkish army. One-third of the island’s population became refugees following the exchange of population between the two areas (Greek Cypriots moving south and Turkish Cypriots north).

And The south had to deal with many problems including rehousing a substantial part of

Safety and security are important aspects of travel destination choice, as risk perception can influence tourist decision-making and destinations can be severely affected, with substantial negative economic consequences as tourists substitute their vacation destinations or regions. The articles are also emphasizes the disruptive power of terrorism to achieve political change and the openness of hospitality and tourism properties and destinations to attacks. In the past, actual terrorism attacks have caused a short-term decline in national tourism revenues. One article desrcribe an over all political instability impact on tourism (panel data) political instability has an adverse effect on tourism at any level of terrorist threat suggesting that, ceteris paribus, political instability (terrorism) has a negative effect on tourism, and the magnitude of the effect is considerable. This effect is robust after using several indicators, specifications and estimation techniques. The results for control variables are also consistent with the theory; that is, a higher real GDP per capita, tourist attraction, and historical and natural heritage increase number of tourists and the revenue from tourism. On the other hand, a low level of initial exchange rate and increase in exchange rate in terms of the U.S. dollar (depreciation of other countries’ exchange rate) encourages more tourist arrivals to a country. There is an article describe the nature of the attacks and