What happens when you set your capital on fire

Drop in hotel reservations due to chaos in Thailand

They say that a picture says a thousand words so I won’t waffle on about the about chart (bigger version here), other than to say it represents the rather precipitous fall in daily hotel reservations through Travelfish via one of our affiliate partners.

This is all reservation enquiries, so doesn’t take into account cancellations — meaning the fall is actually considerably worse than what the above illustrates. I should also note the airport shutdowns instigated by the yellow shirts had an equally destructive effect on reservations — I just don’t have time right now to make two charts!

Given that matters are sizing up for another meltdown around October/November this year (ie just in time for the peak tourist season) it is difficult to understate just how damaging all this is to the Thai economy. While it is clear Thailand has very serious societal issues that do need to be addressed, crucifying the travel and tourism industries seems hardly to be the way forward.

Who would have thought six years ago (when we started Travelfish.org) that today Indonesia would be seeing relatively progressive economic development accompanied by encouraging signs on the tourism side of things, while Thailand would be actively working to reinvent itself into the region’s new basketcase.

3 thoughts on “What happens when you set your capital on fire

  1. Pingback: Tweets that mention What happens when you set your capital on fire at Unwrapped travel -- Topsy.com

  2. Interesting but I suppose not too surprising. When I was traveling in Sumatra though, some people said tourism hasn’t recovered there since the Bali bombings.

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