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

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).