Thailand Wants Rich Chinese Tourists, Not Budget Groups

Thailand is nursing a slide in Chinese holidaymakers after cracking down on low-budget tours from the world’s most-populous country, muddying the Southeast Asian nation’s economic growth outlook.

Arrivals fell 16 percent in December from a year ago, extending a slide that began after Thailand in September clamped down on operators bringing in large groups from China on cut-price holidays. Some of the impact could linger in the early part of 2017, according to Kasikorn Research Center Co.

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