Minimum Wage Set to Increase
You may have seen in the recent news headlines in Thailand regarding a proposed increase in the minimum wage from 300 to 425 baht per day. There has already been some backlash against the proposal from certain industries, namely the construction and agricultural but this could also have a major impact on an already struggling golf industry.
The increase would mean your 300 baht caddie fee would more than likely go up to 425 baht, with the compulsory tip it makes having a caddie an expensive luxury.
As caddies in Thailand are compulsory, the added expense it could mean players will play less, play the cheaper courses or simply golf in another country. All of which don’t really help the golf courses in Thailand
The Strong Baht
It seems you can not go anywhere at the moment and strike up a conversation without the strong baht getting a mention. The Baht has become the best performing currency in the world in 2019 and it’s steady increase against all major currencies has seen the tourism hit hard. Latest reports from the Tourism Association of Thailand have stated that Europeans have been hit the most with as much as a 30% drop. Most other businesses that rely on tourism are changing their focus towards Chinese, Indians and The Middle East but golf is not very popular at all in these countries, so it’s not so easy for the golf courses to make up the difference
What are your thoughts on the future of the golf industry in Thailand? What could the courses do to cope with the decline?
16 Jul, 2019 11:49
I will certainly consider other countries for my golf holiday's. Previously I used to golf 3-4 times a week in the Pattaya area, last time I golfed only twice a week. Maybe South Africa will be my next target.
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