The loss estimates for the FAD assets are divided into two different categories. One deals with losses directly linked with the structures, emergency prevention and protection measures, costs incurred by the management to deal with the situation, as well as costs related to relocation of goods and objects of cultural value within the buildings, including the costs of providing adequate conservation or protection systems. These are qualified as “structural losses”. The second type deals with losses of income due to temporary closing, cancellation of scheduled exhibitions and activities, or loss of income due to the reduced number of visitors. The duration of the restoration and reconstruction period greatly impacts the scale of losses.
The calculation of the structural losses was produced in a similar manner to that of the damages, except that it did not seem appropriate to determine a separate value per m2 for compounds and constructions, due to the nature of the structures’ losses. Instead a value for the overall size of the compound was estimated. Structural losses for the Heritage Structures and Sites are mainly the cost of prevention measures, water control measures, dikes and sand bags, pumps and other equipment, as well as other costs associated with the floods themselves. For several of its assets FAD included some management fees for the restoration of its assets, assuming these would not have been incurred without the occurrence of the event.
Losses stemming from visits were estimated for Ayutthaya’s Historical Park, using a baseline of more than 300,000 visitors a year (detailed between local and foreign, and visitation numbers per months over a 3 year period126), with tickets selling at THB 220 for foreigners and THB 40 for locals. With the
In terms of losses the team was able to gather information about foreign and local investments losses, as well as losses for 2011 and 2012. In addition, since the National Parks documentation did not provide the proportion of Thai and foreign visitors TAT documentation was used to assume the proportion of foreign-Thai visitors to the park as a function of the proportion of foreign-Thai visitors per province.