According to the Bangkok Post, Tourism will be back to normal in October, when the new tourist season starts:

http://www.bangkokpost.com/business/eco ... in-tourism

By: BangkokPost.com
Published: 13/05/2009 at 03:04 PM The government will invest at least 200 million baht in the private sector to revive the tourism industry, Deputy Prime Minister Kobsak Sabhavasu said on Wednesday.

Mr Kobsak, chairman of the government's Tonkla Archeep employment project, said after signing a memorandum of understanding with the Federation of Thai Tourism Associations (Fetta) and the Tourism Authority of Thailand (TAT) that the 200-million-baht budget would be used for training in the tourism sector.

This investment would save the jobs of about 20,000 employees in the industry in danger of being left unemployed this year, he said.

He predicted tourism would return to normal in October, the beginning of the usual, annual peak period.

The Tonkla Archeep project aims at training and job creation to help about 500,000 unemployed in the country.

Tourism and Sports Minister Chumphol Silpa-archa said the scheme would strengthen the tourism sector. His ministry was working Chinese authorities to attract more Chinese tourists.

Association of Domestic Travel (ADT) president Maiyarat Pheerayakoses said 250,000 employees in the tourism industry could be out of jobs this year if the government had done nothing.

On the overall economic situation, Mr Kobsak said the Bank of Thailand (BoT) should ease loan regulations to help boost private sector liquidity.

He admitted it could be difficult for the central bank to deal with non-performing loans (NPLs) if the regulations were not stringent enough.

"Financial policy has been fully implemented, but monetary policy must help support the economy as well.

"I understand that the central bank could be worried about approving more loans during the economic slump, but if we allow businesses to face problems on their own, NPLs may rise again," the deputy prime minister said.

I'm baffled as to how they "work this one out".

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