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This would reduce the expected revenue by Bt109 billion, TCT said.

"We expect the tourists to divert to neighbouring countries particularly Bali and Malaysia," said TCT president Kongkrit Hiranyakit.

TCT also revised down the tourist arrivals next year to 12.8 million from 15 million, with tourism revenue of Bt460 billion.

Kongkrit said the figures are lower than in 2008 when tourist arrivals are expected to reach 14.1 million and revenue to Bt540 billion.