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It's been affected by a double whammy of political unrest and a border clash between Thailand and Cambodia near the 11th century Preah Vihear temple.
Which country claims it has been a source of drama between Thailand and Cambodia for decades. The World Court awarded it to Cambodia in 1962, but the sovereignty issues over some of the land around the temple were not clearly resolved.
UNESCO approving Cambodia's application to designate the temple a World Heritage Site led to July 15 troop deployments by both nations along the disputed border. Despite a late August troop pullback, a brief gun battle broke out between the two sides in October which ended up with one Cambodian and two Thai soldiers wounded.
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While the political turmoil has largely been confined to the capital of Bangkok and the border situation is quiet for now, some of the collateral damage has been felt in Thailand's tourism industry, which contributes (depending on what stats you read) 6% to 14% of GNP to Thailand's economy.
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Due to the travel warnings that several countries have issued since the October 7 clashes between police and protesters in Bangkok and the border clash with Cambodia, Tiffany's Cabaret, which usually has no problem filling its 2000 seat auditorium for it's world renowned show, has seen its business drop 50%.
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“But we had to take this painful decision because international tourist arrivals dropped after the government declared emergency rule (on Sept 2, after a Thai was killed when anti and pro-government groups clashed on the streets of Bangkok) and several countries advised their citizens not to travel to Thailand,” she explained.
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While Miss Tiffany 2008 is disappointed she won't get to compete this year against the world's best transwomen pageant contestants, she's looking at it with glass half full optimism.
“She feels the postponement will be an advantage, as it will give her time to improve her English, looks and outfit.” she said through a translator.
Hopefully, they will hold an election in Thailand soon to sort out the political drama, and cooler heads will prevail and hash out an amicable settlement between Thailand and Cambodia over the disputed border area.
I not only don't want to see any more drama and bloodshed over those two issues, it would be nice to see this pageant finally take place.
To paraphrase the old Thai proverb, even though the elephants are battling, the ants don't deserve to get squashed.