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.