The whole world is in the middle of a global turn down, we see it on TV everyday. I myself have been made redundent as a direct result of the credit crunch.
Thailand itself is really feeling the effects, the main reasons are :
Global economic downturn
Strong Baht against the dollar
Swine flu
Airport closures
Political unrest
Smaller world, more places for tourists to visit.
You can see from the picture of Elizabeth on the Jomtien beach at 11am that things are very quiet in the resorts. The two hotels we stayed were both at under 20% occupancy. Thailand can't keep this going for long, this is low season, but it is turning in a "No season". In Pattaya, Walking Street was busy, but not packed and the go go bar areas were not very busy, alot of girls just lounging about waiting for any client to come in.
I hope it picks up, but I think the down turn will continue. On the bright side for me it will make it cheaper for us to go away again.
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