– This is the script of CNBC's news report for China's CCTV on August 19, Wednesday.
Welcome to CNBC Business Daily, I'm Qian Chen.
Central Bangkok witnessed a bomb blast on Monday night local time that Prime Minister Prayuth Chan-ocha called Thailand's worst ever attack.
The death toll stood at 22 as of early Wednesday.
Several nations including Singapore, Hong Kong and the U.S. have since issued travel advisories, recommending citizens to avoid the vicinity.
Back in April 2010...grenades went off at a rally.
One person died.
A few months later...a bomb exploded at a bus stop, killing one person.
Then two more attacks that year...
In October...an explosion at an apartment complex killed four people.
And a grenade went off on a minibus...leaving one person dead.
In January of 2011...two people were hurt after a blast at a protest.
Fast-forward to 2013...and there was more violence.
A bombing at a suburban shopping area in May injured seven people.
The next January...nearly 30 people were hurt following twin blasts at a protest.
In February of this year...two pipe bombs exploded outside a luxury shopping mall, lightly injuring two people.
And then there was this week's shrine attack...which killed (at least) 22 people.
Tourism accounts for 10 percent of gross domestic product (GDP) and has been a rare bright spot in a lackluster economy.
For example, foreign tourist numbers spiked 37.6 percent on year during the April-June period, while exports contracted 5.5 percent during the same period.
Thailand's reputation as tourism destination took a big blow back in 2008 ... it was less than a year after Thaksin was removed from power and rival street rallies and sit-ins in airports led to thousands of tourists staying away from the country.
Those concerns lingered on throughout 2009 when then-prime minister Abhisit Vejjajiva sent troops in to break up protests by pro-Thaksin supporters.
The unrest continued through 2010, with the stronger Thai baht also keeping visitors at bay. But it recovered mid year as the violence faded, resulting in record numbers of tourist arrivals that year.
But the real record breaker came in 2011, despite massive floods... tourism jumped powered by expectations of political stability after Yingluck Shinawatra scored a landslide victory in elections.
But that number began to dip in 2012 as anti-Thaksin protesters took to the streets yet again calling for Yingluck to step down... resulting in the PM announcing early elections at the end of 2013... and to her ouster by a military coup in May last year.
Tourism arrivals fell 12% through September of 2014...
but picked up again in October, largely because of Chinese tourists.
the sector picked up this year... and looked to be on track for another record...until Monday's bomb blast.
[Darren N. Buckley Country Head & Citi Country Officer] "This will hold it back for sure in the short term, many tourists, particularly from China with the visa waive program, has been a big lift. If the government can get a conclusion on this very quickly, I think by the time the high season kicks back in October, we shoudl see things returning to normal. This is only in the short term, i wouldn't expect to see arrivals dropping."
[DILLIP RAJAKARIER Minor Hotel Group CEO] "I think, this event could happen anywhere in the world, and things tend to rebound pretty fast. Looking at Thailand, you know, where we have 29 million tourists coming a year, i really dont feel its going to have a huge impact, i think travelers are more resilient today, and i think it will rebound within the next few months, and thats always been the trend, even in the past. we've gone through sars, we;ve gone through tsunamis, we've gone through the red shirts, the yellow shirts, and all these issues. and when you look at the rebound, has been fairly short."
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