The impact of tourism performance on sports industry in Thailand and Indonesia

Abstract

The COVID-19 epidemic has thrown Indonesia's sports calendar into confusion, with many high-profile sporting events rescheduled or postponed for the foreseeable future. Tourism is one of the greatest vital sectors pouring the Thai economy, which can constantly generate great income for Thailand and Indonesia. The number of international tourist arrivals to Thailand in 2018 reached 38.12 million people and Indonesia sport tourism received 250,000 foreign tourists in 2018. Based on an all-encompassing approach, this research has exposed that integrating various strategies for tourism expansion with sound government policies and proactive management practices have led to significant positive outcomes towards mutual success of tourism sectors of Thailand. Additionally, the paper delivers considered policy to drive long-lasting enhancements in tourism sector, exchange rate and service sectors through efficient management and intelligent utilization of resources in tourism sector. The recent shocks in provide and demand within the world aren't because of sudden economic reasons. Indeed, associated with Covid-19 that causes speedily spreading world health issues and life threats round the world coping with the social issues created by Covid-19 pandemic, they ought to not neglect the economic changes created by this pandemic. The government-ordered lockdowns have discontinuous life for billions and within the same time creates economic collapse situation. The foremost vital of those economic changes in developing countries with high fragility is exchange rates caused by sports and tourism industry, as a result of exchange rates will directly have an effect on several economics variables, from inflation to foreign trade, from the balance of payments to interests. Therefore, this analysis calculates the result of COVID-19 to sports and tourism business for affected countries within the worldwide. Thus, this study evaluated the impact tourism performance to detect the economic changes in sports industry.