Thailand to Slowly Restart Tourism with Flight from China

The popular Patong beach is closed during lockdown in Thailand. (Reuters file photo)
The popular Patong beach is closed during lockdown in Thailand. (Reuters file photo)
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Thailand to Slowly Restart Tourism with Flight from China

The popular Patong beach is closed during lockdown in Thailand. (Reuters file photo)
The popular Patong beach is closed during lockdown in Thailand. (Reuters file photo)

Thailand will receive its first foreign vacationers when a flight from China arrives next week, marking the gradual restart of a vital tourism sector battered by coronavirus travel curbs, a senior official said on Tuesday.

The first flight will have about 120 tourists from Guangzhou, flying directly to the resort island of Phuket, Tourism Authority of Thailand governor Yuthasak Supasorn told Reuters.

Thailand has kept coronavirus infections low with just 3,559 cases and 59 deaths, but its economy has taken a hit from a ban on foreign visitors since April and is expected to contract 8.5% this year.

Government spokeswoman Traisulee Traisoranakul expects 1,200 tourists in the first month, generating about 1 billion baht ($31.55 million) in revenue and 12.4 billion baht over one year, drawing in 14,400 tourists.

Nationalities permitted to enter will be from countries deemed low risk by the government, which will keep tabs on them.

“We are not opening the country, we are limiting the number of entries and will manage with wrist bands, apps to follow them,” Prime Minister Prayuth Chan-ocha told reporters.

The government predicts just 6.7 million foreign visitors this year after a record 39.8 million in 2019, whose spending made up about 11.4% of GDP, or 1.93 trillion baht.

Thailand in January was the first country outside of China to detect the coronavirus, in a visitor from Wuhan.

“Tourists will be on a long stay visa, starting Oct. 8 and will stay in alternative state quarantine for 14 days,” Yuthasak said.

Visitors need health insurance and a negative coronavirus test 72 hours before travelling and will be tested twice in quarantine.

“Thailand’s protection system can prevent a second wave,” government spokeswoman Traisulee said.

“We have prevented local transmission for 100 days before,” she said, adding that had made Thailand attractive for visitors wanting to avoid infections.



Saudi Digital Payments Market Attracts Global Investments

Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)
Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)
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Saudi Digital Payments Market Attracts Global Investments

Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)
Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)

Saudi Arabia is pushing to increase digital payments to 70% by 2030, creating significant opportunities for global companies to expand in the region.
According to the Saudi Central Bank, electronic payments in the retail sector grew by 12% in 2023, reaching 70% of total transactions. Cashless transactions hit 10.8 billion, up from 8.7 billion in 2022, driving international companies to establish regional headquarters and capitalize on this growing market.
Nouf Al-Salama, Business Development Manager at PayerMax, told Asharq Al-Awsat that the company has opened a regional office in Saudi Arabia to strengthen its presence in the Middle East and North Africa (MENA) region.
She noted that the Gulf Cooperation Council (GCC) countries are expected to experience rapid growth in e-commerce, with Saudi Arabia and the UAE leading the change. According to CNNB Solutions, both countries are seeing a compound annual growth rate (CAGR) of 39% and 38%, respectively.
Federico Pienovi, Head of Commercial Operations for Asia, the Middle East, and Oceania at Argentine company Globant, revealed the company’s ambitions to generate $1 billion in revenue in the Saudi market over the next five years.
He said that Saudi Arabia has been selected as Globant’s regional headquarters, although the company is expanding across the region. With these ambitions, Globant plans to create over 500 local jobs in the coming years, continue its expansion, support national talents, and work on major projects that bring cutting-edge technology innovations to the Kingdom, he underlined.
Mordor Intelligence projects a 15.4% CAGR for Saudi Arabia's payment market between 2022 and 2027, making it one of the most advanced markets transitioning towards a cashless society.
PayerMax estimates the global digital payments market, valued at $7.79 trillion in 2022, will reach $14.77 trillion within five years, driven by the growth of digital wallets, smartphones, and payment technologies. Emerging economies’ rapid smartphone adoption is expected to further fuel this growth.