Thanawat Phonvichai (left), president of the University of the Thai Chamber of Commerce.-
BANGKOK (The Nation/ANN): The coronavirus outbreak, if prolonged until March, could cost the Thai tourism industry between 80bil baht t0 100bil baht or between 0.5 percentage point and 0.7 percentage point of the country's GDP, said Thanawat Phonvichai, president of the University of the Thai Chamber of Commerce.
He added that his estimate on the loss was based on the number of Chinese arrivals in Thailand of around one million per month with approximate spending of 50,000 baht per head.
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