In Phuket, Thailand's most popular tourist destination, a proposal has been presented to increase the financial standards of tourists on the island. According to this proposal, tourists coming to the island will be required to have at least 300,000 baht in their bank accounts.
According to The Phuket News, the measure aims to encourage tourists to stay longer and spend more on the island. Representatives of the real estate sector in Phuket said they are in the process of evaluating this proposal, but argued that raising costs too high could negatively affect tourism.
Experts say Phuket is heavily dependent on tourist revenues and such strict regulations could damage the island's economy.
