Middle East conflict disrupts aviation industry, fewer travelers to Thailand impact tourism recovery
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AI Summary (NQ-processed)
The Middle East conflict has led to soaring aviation fuel prices and reduced flights, causing airfare hikes. This resulted in a 3.45% year-on-year decrease in foreign tourists to Thailand from January to April. The tourism recovery in Southeast Asian nations heavily dependent on Middle Eastern visitors, including Thailand, is slowing, affecting the hotel industry.