When tourists come to Thailand they have a pocket full of money to spend in a fixed amount of time.
Tourists go nuts during the high season when all resorts, attractions, restaurants and clubs are packed full.
This is a great time for foreign business owners as prices are the highest.
The issue is after the 3 months of high season when the amount of tourists are minimal, many businesses struggle to survive; due to lack of customers.
Expats that live in Thailand have learned a few things that tourists don’t know.
One of those things, is to find everything they need and spots to hang out that fit in their budget.
Food, beer, places to hang out. The expat has figured out all the low cost places that fit within their budgets and they support these places year in and year out.
If you plan on moving to Thailand in open a business in a tourist area, be advised you may be faced with only 3 sold months of customers.
If your prices are targeting higher the higher end, you will find most of the expats supporting local Thai businesses with cheaper prices.