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Market
Economic impact on restaurant industry due to lifting alcohol sales ban
1
Resolution / Starting Odds
Positive impact • 33%
Negative impact • 33%
No significant impact • 33%
Reports from Restaurant Operators Association of Thailand and economic analysis reports
Story
Thai Government Considers Lifting 52-Year-Old Ban on Alcohol Sales Between 2 PM and 5 PM
Jul 3, 2024, 03:52 AM
The Thai government is considering lifting a 52-year-old ban on alcohol sales between 2 PM and 5 PM. Prime Minister Srettha Thavisin has indicated that the proposal, put forward by the Restaurant Operators Association of Thailand, aims to support the struggling tourism industry and restaurant operators facing rising costs and weak consumer spending. The decision now rests with the lower and upper houses of parliament. Health Minister Somsak Thapsutin confirmed that the proposal is under consideration. The measure is intended to ease the plight of restaurant operators and promote tourism.
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Similar markets
Increase significantly • 25%
Increase slightly • 25%
No significant change • 25%
Decrease • 25%
Increase in sales of distilling equipment • 25%
Decrease in sales of commercial spirits • 25%
No significant economic impact • 25%
Increase in home distilling-related businesses • 25%
Increase in patronage • 25%
Decrease in patronage • 25%
No significant change in patronage • 25%
Mixed impact on different types of restaurants • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
