NSTregion: Thailand saw a total of 39 million international tourists last year, compared with 38 million in 2018, cementing the nation’s position as a favourite destination among global travellers.
According to the Bangkok Post, this was despite higher foreign tourist arrivals and rosy tourism revenue.
However, this did not register as positive earnings for SET-listed airlines, with all four airlines reporting net profits in the red for the third quarter.Despite THAI shares falling by 43.4 per cent last year, THAI president Sumeth Damrongchaitham said such losses were normal for airlines amid fierce competition and price wars to win customers.
‘Higher competition from low-cost airlines and lower tourism growth were key factors shaving off profits of the aviation industry last year.
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