Economys

Impact of tsunami in Phuket's economy

The economic impact of the tsunami on Thailand was considerable, though not as great as in poorer countries such as Indonesia. The sectors most badly damaged have been tourism and fishing. The beach resorts along the Andaman Sea coast have been much damaged. Many Thai people who owned hotels and other small businesses have been ruined, and the Thai government provided large amounts of capital to enable the recovery of the private sector. Locations that got hit the hardest was Phuket, Phang-nga and Krabi, and that is where the economy developed.

 Phuket also took some time to recover, which is one reason why Thailand has strongly backed the installed Tsunami warning system. By 12 January 2005 some of the affected resorts in the south had opened again, and the Thai government had begun an advertising campaign to bring visitors back to the area as quickly as possible.