Thailand Earthquake Disrupts Songkran Festival Travel
Earthquake Aftermath May Dampen Thais' Songkran Travel Plans
The recent earthquake in Thailand could decrease international travel during the upcoming Songkran holiday. Citizens are grappling with potential property repair costs and increased concerns about natural disasters. This anticipated shift in travel patterns stems from financial anxieties surrounding unforeseen expenses, The Bangkok Post reports. The earthquake’s ripple effects are already impacting the insurance sector, with a surge in claims and a renewed focus on risk management.
Paweena Khemarangsan, Chief Customer Officer of AXA Insurance Thailand, notes that individuals may prioritize property damage repairs over leisure travel in the short term. This cautious approach will likely influence travel decisions during the traditionally busy Songkran festival. The heightened awareness of natural disaster risks may also increase property insurance purchases as people seek to protect their assets. Ms. Khemarangsan reassured AXA customers that the company is operating normally, with no immediate plans to adjust policy structures or premium rates.
“The recent earthquake has undeniably increased awareness among both individuals and businesses regarding risk management,” Ms. Khemarangsan emphasized.
This increased awareness is translating into action. AXA’s Chief Executive Officer, Guillaume Mirabaud, revealed that the company has received over 100 earthquake-related claims, all currently under review. He assured policyholders that all claims will be processed according to their respective policy terms, and that those whose claims align with their coverage have nothing to worry about.
In anticipation of the Songkran holiday, AXA recently launched its “AXA Smart Traveller’s Choice” travel insurance. This new offering, designed in response to customer feedback, provides three tiers of coverage:
- Basic: Covers fundamental needs such as accidental death and disability, overseas medical expenses, and follow-up treatment in Thailand. It also meets Schengen visa requirements, starting at ฿119.
- Advance: Offers expanded coverage beyond the basic plan.
- Max: Provides the most comprehensive protection for travelers.
All plans include 24/7 emergency assistance, access to AXA’s global hospital network, and support via its official Line account.
Historically, Songkran has been a peak travel period for Thais, both domestically and internationally. This year’s potential decline in outbound travel mirrors trends seen in other countries following major natural disasters, where citizens prioritize rebuilding and recovery over leisure activities. For example, following the 2011 earthquake and tsunami in Japan, domestic and international travel experienced a significant downturn as the nation focused on recovery efforts. This reduced travel activity typically lasts until the immediate aftermath of the disaster subsides and normalcy returns.
Is travel insurance necessary for domestic travel during Songkran? While not mandatory, domestic travel insurance offers financial protection against unforeseen events such as medical emergencies, lost luggage, and trip cancellations, providing peace of mind during the holiday period.
How are claims processed after a natural disaster? Insurance companies typically establish dedicated teams to expedite claims processing following large-scale events like earthquakes. Policyholders must document their losses and provide necessary evidence to support their claims.
In conclusion, while the Songkran festival traditionally marks a period of increased travel, the recent earthquake has introduced uncertainty. The financial implications of property damage, coupled with heightened awareness of natural disaster risks, are expected to impact Thais' travel plans. The long-term effects on the travel and insurance industries remain to be seen, but for now, the focus is on recovery, risk management, and ensuring adequate protection for those who still choose to travel during this significant cultural holiday.
