Chinese tourists desert Thai resorts as virus fear spreads

A shop owner arranges souvenir gifts as she waits for tourists at her shop in Phuket. The normally busy holiday destination is all but empty as alarm grows over the coronavirus outbreak. (Reuters)
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Updated 02 February 2020
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Chinese tourists desert Thai resorts as virus fear spreads

  • Travel restrictions and growing local unease leave domestic tourist industry facing a $1.5bn revenue hit

PHUKET: The narrow laneways and pastel-colored shophouses of Phuket Old Town are usually bustling with Chinese tourists during the lunar new year holiday, but travel bans and local fears about coronavirus have largely emptied the streets this year.

Just a handful of tourists, many wearing face masks, strolled through the area during daylight hours this week. In the evening, foot traffic increased a little under the glow of the red lanterns strung across the thoroughfare, but remained far below normal levels.
“The impact is tremendous,” 45-year old Ausana Akaradachakul said as she waited behind the counter for shoppers in her store selling postcards, straw bags, clothing and jewelry.
“Only a few days after the news broke about the virus, the Chinese tourists were visibly few,” Akaradachakul said. “I think about
70 percent of them are gone.”
The beach resort of Phuket is Thailand’s second most visited destination after Bangkok and is usually a big draw for tourists from China, who accounted for
11 million visitors last year, particularly around the lunar new year holiday.
But China this week imposed restrictions on all overseas tour groups because of the coronavirus that originated in the city of Wuhan and which has infected more than 11,000 people and killed more than 250.
Reduced travel from China alone could result in 50 billion baht ($1.52 billion) of lost tourism revenue, the Thai Tourism Ministry estimated.
The spread of coronavirus beyond China has also affected domestic tourism in Thailand, which has recorded more infections than anywhere but China with 19 cases. Thailand announced its first case of human-to-human transmission on Friday.

FASTFACT

11 million - Chinese tourists visited Thailand last year.

Shopkeepers in Phuket said that had left Thai tourists wary of venturing out to join what should have been an annual festival on Walking Street at the heart of
the town.
“There are barely any tourists around here. The people we are seeing now are just the locals,” clothes store vendor Parichart Chaengmanee told Reuters as she sat quietly on a stool outside her empty clothing stall, wearing a black face mask.
“Even the number of Thai tourists is low,” she added.
Shopkeepers are hoping the impact is shortlived, with one sign in a store window reading: “The Thai people pray for China and hope China will recover soon. China and Thailand are family.”


Closing Bell: Saudi main index closes in green at 10,917 

Updated 6 sec ago
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Closing Bell: Saudi main index closes in green at 10,917 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 4.86 points, or 0.04 percent, to close at 10,917.04. 

The total trading turnover of the benchmark index was SR3.95 billion ($1.05 billion), as 102 of the listed stocks advanced, while 147 retreated. 

The MSCI Tadawul Index increased, up 0.54 points, or 0.04 percent, to close at 1,467.06. 

The Kingdom’s parallel market Nomu lost 85.41 points, or 0.36 percent, to close at 23,357.50. This comes as 19 of the listed stocks advanced, while 46 retreated. 

The best-performing stock was Tourism Enterprise Co., with its share price surging by 10 percent to SR13.53. 

Other top performers included Al Yamamah Steel Industries Co., which saw its share price rise by 8.64 percent to SR39.22, and Anaam International Holding Group, which saw a 4.05 percent increase to SR12.59. 

Alramz Real Estate Co. saw its share price rising by 3.95 percent to close at SR61.85, while Umm Al Qura for Development and Construction Co. closed at SR18.08, marking a 3.67 percent increase in share price. 

On the downside, the worst performer of the day was Saudi Industrial Export Co., whose share price fell by 3.72 percent to SR2.59. 

ACWA Power Co. saw its share price fall 3.54 percent to SR177.20, while Naseej International Trading Co. declined 3.08 percent to SR29.56. 

Moreover, the share price of Rabigh Refining and Petrochemical Co. dropped 2.95 percent to close at SR6.57, while Nice One Beauty Digital Marketing Co. saw its share price dropping 2.65 percent to SR17.97. 

On the announcement front, Alinma Capital has declared a cash dividend distribution totaling SR6.55 million for unitholders of the Alinma Saudi Government Sukuk ETF Fund.  

The dividend, covering the period from July to December 2025, amounts to SR0.162 per unit and represents approximately 1.56 percent of the fund’s net asset value as of Jan. 15, 2026.  

Its share price closed at SR10.42 on the main market, marking a 0.10 percent increase. 

Also, Itmam Consultancy Co. has been awarded a significant project by the Digital Government Authority to develop digital investment skills within the public sector.  

The contract, officially granted on Jan. 19, is valued at more than 5 percent of the company’s total 2024 revenue.  

According to a statement, the program aims to equip government employees with the expertise needed to enhance digital government investment efficiency, focusing on software license development aligned with legal and technical standards.  

Its share price remained unchanged on NOMU at SR16.40.