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Tourism Authority of Thailand said the financial loss from the ongoing political unrest could amount to $2.7 billion over the first two quarters of 2014, especially if the situation continues into March and April 2014, International Business Times reported.
Several hotels saw a drop in occupancy rates, while some airlines canceled flights into Bangkok.
Clashes between security forces and protesters have left three people dead.
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3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms