Hotels nationwide across all segments, including luxury, have reported a significant drop in bookings from May, with provinces dependent on European markets such as Phangnga facing a 50% decline, according to the Thai Hotels Association (THA).

The opposition People’s Party (PP) has set a framework and priorities for its newly formed “shadow cabinet”, pledging intensive oversight of the government over the next month while offering alternative policy proposals.

The Democrat Party has called for the House of Representatives to set up a committee to scrutinise the government’s proposed Land Bridge megaproject, citing concerns over transparency, economic viability and what they described as an unusual rush to push the plan ahead.

Gold prices are projected to fall short of the previous forecast of US$6,000 an ounce for this year as war-induced inflation has lowered the possibility that global central banks will slash their interest rates as Middle East peace talks stalled, say gold and currency traders.

The University of the Thai Chamber of Commerce (UTCC) anticipates government initiatives such as “Thai Chuay Thai” and “Khon La Khrueng Plus” co-payment schemes can effectively stimulate the economy as consumers tighten their spending because of insecurity about employment and future income.

The Thai Travel Agents Association (TTAA) strongly opposes the government’s plan to levy a 1,000‑baht departure tax on Thai travellers, warning it will hamper two‑way tourism and hurt the economy during a cost-of-living crisis.