The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry

Johan Van Rooyen

doi:doi:10.11648/j.jbed.20180302.11

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The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry

Johan Van Rooyen

Published in Journal of Business and Economic Development (Volume 3, Issue 2)

Received: 28 March 2018 Accepted: 21 May 2018 Published: 28 June 2018

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Abstract

The purpose of this research was to study the economic effect of a Coup de Tat on Thailand’s Tourism Industry and whether there was growth thereafter. Tourism has become a critical economic sector and a major driving source of the global economy. Thailand’s vibrant tourism sector has played an increasingly important role in the economy in recent years. Although the tourism sector balances the country’s economic growth, it is argued that there are some negative impacts of tourism industry which affect the growth of the economy. Hence, this paper was conducted to investigate the actual positive and negative effects of tourism on the economic growth in Thailand from the perspective of general tourism. This empirical study used secondary sources. The findings from the practical study reported in the correlation table demonstrated that there is a very strong positive relationship between the number of tourist arrivals to Thailand and two of GDP’s affecting factors (consumption and employment).

Published in	Journal of Business and Economic Development (Volume 3, Issue 2)
DOI	10.11648/j.jbed.20180302.11
Page(s)	30-42
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Positive and Negative Impact of Tourism, Economic Growth, Tourism Industry

References

[1]	Lind, D. A., Marchal, W. G., Wathen, S. A. (2011). Statistical Techniques in Business and Economics. McGraw Hill Education
[2]	Amazing Thailand Tourism Year 2018. (September 2017). Retrieved from http://thailand.prd.go.th/ewt_news.php?nid=5649&filename=index
[3]	Economic Impact of Tourism in Thailand. (September 2017). Retrieved from https://tourthaitour.wordpress.com/pages/economic-impact-of-tourism-in-thailand/
[4]	GDP in Thailand. (September 2017). Retrieved from http://www.theglobaleconomy.com/Thailand/data_gdp_current_local_currency/
[5]	Healthy outlook for Thai medical tourism demand. (August 2017). Retrieved from https://www.thenational.ae/business/travel-and-tourism/healthy-outlook-for-thai-medical- tourism-demand-1.153848
[6]	Impacts of Tourism: Phuket, Thailand. (September 2017). Retrieved from https://www.patana.ac.th/Secondary/Geography/IB/Globalisation/Impacts%20of%20 Tourism%20Phuket%20Thailand.htm
[7]	SCB Outlook Quarter 1/2017. (August 2017) Retrieved from https://www.scbeic.com/en/detail/file/product/3140/emidpoevy0/Outlook_EN_Q1_2017.p df
[8]	Shifts in medical tourism. (September 2017). Retrieved from http://www.ttrweekly.com/site/2017/08/shifts-in-medical-tourism/
[9]	TAT’s marketing plan 2018 to heighten Thailand as a preferred destination. (September 2017). Retrieved from http://www.tatnews.org/tats-marketing-plan-2018-to-heighten-thailand-as- a-preferred-destination/
[10]	Thailand: Adventure Travel in Thailand. (September 2017). Retrieved from https://www.tripadvisor.com/Travel-g293915- c16433/Thailand:Adventure.Travel.In.Thailand.html
[11]	Thailand tourism healthy. (September 2017). Retrieved from https://www.bangkokpost.com/travel/tourists-and-expats/1319947/thailand-tourism-healthy Thailand Tourism Statistics. (September 2017) Retrieved from https://knoema.com
[12]	Travel and Tourism Economic Impact 2017 Thailand. (September 2017). Retrieved from https://www.wttc.org/-/media/files/reports/economic-impact-research/countries-2017/thailand2017.pdf
[13]	The perks of retirement in Thailand and the Philippines. (September 2017). Retrieved from https://money.usnews.com/money/blogs/on-retirement/2014/09/30/the-perks-of-retirement- in-thailand-and-the-philippines
[14]	Tourism growth in Thailand gets back on track. (September 2017). Retrieved from https://www.oxfordbusinessgroup.com/overview/resilient-rise-return-strong-growth-visitor- numbers-after-modest-decline
[15]	Tourism leakage: Does your money contribute locally? (October 2017). Retrieved from http://beachmeter.com/tourism-leakage-does-your-money-contribute-locally/
[16]	Tourism statistics Thailand 2000. (September 2017). Retrieved from http://www.thaiwebsites.com/tourism.asp.

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Johan Van Rooyen. (2018). The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry. Journal of Business and Economic Development, 3(2), 30-42. https://doi.org/10.11648/j.jbed.20180302.11

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ACS Style

Johan Van Rooyen. The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry. J. Bus. Econ. Dev. 2018, 3(2), 30-42. doi: 10.11648/j.jbed.20180302.11

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AMA Style

Johan Van Rooyen. The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry. J Bus Econ Dev. 2018;3(2):30-42. doi: 10.11648/j.jbed.20180302.11

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@article{10.11648/j.jbed.20180302.11,
  author = {Johan Van Rooyen},
  title = {The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry},
  journal = {Journal of Business and Economic Development},
  volume = {3},
  number = {2},
  pages = {30-42},
  doi = {10.11648/j.jbed.20180302.11},
  url = {https://doi.org/10.11648/j.jbed.20180302.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20180302.11},
  abstract = {The purpose of this research was to study the economic effect of a Coup de Tat on Thailand’s Tourism Industry and whether there was growth thereafter. Tourism has become a critical economic sector and a major driving source of the global economy. Thailand’s vibrant tourism sector has played an increasingly important role in the economy in recent years. Although the tourism sector balances the country’s economic growth, it is argued that there are some negative impacts of tourism industry which affect the growth of the economy. Hence, this paper was conducted to investigate the actual positive and negative effects of tourism on the economic growth in Thailand from the perspective of general tourism. This empirical study used secondary sources. The findings from the practical study reported in the correlation table demonstrated that there is a very strong positive relationship between the number of tourist arrivals to Thailand and two of GDP’s affecting factors (consumption and employment).},
 year = {2018}
}

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TY  - JOUR
T1  - The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry
AU  - Johan Van Rooyen
Y1  - 2018/06/28
PY  - 2018
N1  - https://doi.org/10.11648/j.jbed.20180302.11
DO  - 10.11648/j.jbed.20180302.11
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 30
EP  - 42
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20180302.11
AB  - The purpose of this research was to study the economic effect of a Coup de Tat on Thailand’s Tourism Industry and whether there was growth thereafter. Tourism has become a critical economic sector and a major driving source of the global economy. Thailand’s vibrant tourism sector has played an increasingly important role in the economy in recent years. Although the tourism sector balances the country’s economic growth, it is argued that there are some negative impacts of tourism industry which affect the growth of the economy. Hence, this paper was conducted to investigate the actual positive and negative effects of tourism on the economic growth in Thailand from the perspective of general tourism. This empirical study used secondary sources. The findings from the practical study reported in the correlation table demonstrated that there is a very strong positive relationship between the number of tourist arrivals to Thailand and two of GDP’s affecting factors (consumption and employment).
VL  - 3
IS  - 2
ER  -

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Author Information

Johan Van Rooyen

Department Business and Technology, Webster University, Webster Groves, Thailand

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APA Style

Johan Van Rooyen. (2018). The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry. Journal of Business and Economic Development, 3(2), 30-42. https://doi.org/10.11648/j.jbed.20180302.11

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ACS Style

Johan Van Rooyen. The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry. J. Bus. Econ. Dev. 2018, 3(2), 30-42. doi: 10.11648/j.jbed.20180302.11

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AMA Style

Johan Van Rooyen. The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry. J Bus Econ Dev. 2018;3(2):30-42. doi: 10.11648/j.jbed.20180302.11

Copy | Download

@article{10.11648/j.jbed.20180302.11,
  author = {Johan Van Rooyen},
  title = {The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry},
  journal = {Journal of Business and Economic Development},
  volume = {3},
  number = {2},
  pages = {30-42},
  doi = {10.11648/j.jbed.20180302.11},
  url = {https://doi.org/10.11648/j.jbed.20180302.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20180302.11},
  abstract = {The purpose of this research was to study the economic effect of a Coup de Tat on Thailand’s Tourism Industry and whether there was growth thereafter. Tourism has become a critical economic sector and a major driving source of the global economy. Thailand’s vibrant tourism sector has played an increasingly important role in the economy in recent years. Although the tourism sector balances the country’s economic growth, it is argued that there are some negative impacts of tourism industry which affect the growth of the economy. Hence, this paper was conducted to investigate the actual positive and negative effects of tourism on the economic growth in Thailand from the perspective of general tourism. This empirical study used secondary sources. The findings from the practical study reported in the correlation table demonstrated that there is a very strong positive relationship between the number of tourist arrivals to Thailand and two of GDP’s affecting factors (consumption and employment).},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - The Economic Impact of Geopolitical Unrest on Thailand's Tourism Industry
AU  - Johan Van Rooyen
Y1  - 2018/06/28
PY  - 2018
N1  - https://doi.org/10.11648/j.jbed.20180302.11
DO  - 10.11648/j.jbed.20180302.11
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 30
EP  - 42
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20180302.11
AB  - The purpose of this research was to study the economic effect of a Coup de Tat on Thailand’s Tourism Industry and whether there was growth thereafter. Tourism has become a critical economic sector and a major driving source of the global economy. Thailand’s vibrant tourism sector has played an increasingly important role in the economy in recent years. Although the tourism sector balances the country’s economic growth, it is argued that there are some negative impacts of tourism industry which affect the growth of the economy. Hence, this paper was conducted to investigate the actual positive and negative effects of tourism on the economic growth in Thailand from the perspective of general tourism. This empirical study used secondary sources. The findings from the practical study reported in the correlation table demonstrated that there is a very strong positive relationship between the number of tourist arrivals to Thailand and two of GDP’s affecting factors (consumption and employment).
VL  - 3
IS  - 2
ER  -

Copy | Download