reader Posted May 7, 2021 Posted May 7, 2021 From Pattaya Mail The Bank of Thailand expects the country’s third coronavirus wave to reduce the occupancy rate at the country’s hotels to only 9 percent this month. The BOT said May 2 that a survey of hotels found occupancy rates of 18 percent in April and only 9 percent in May. At that rate, 47 percent of hotels would go out of business within three months. Because more than 51 percent of reservations were canceled in April, Songkran proved much less successful than anticipated, the joint BOT-Thai Hotels Association survey concluded. Eighty percent of operators consider the current third wave more damaging than the second, which ran from Christmas until the end of January. Only 46 percent of the country’s hotels currently are open normally, with 13 percent shut temporarily and the others with curtailed hours or capacity. https://www.pattayamail.com/latestnews/news/half-of-thailands-hotels-may-close-within-3-months-bot-354414 Boy69 1 Quote
fedssocr Posted May 7, 2021 Posted May 7, 2021 they mentioned on the Thaiger news the other day that 50% of Thai hotels only have enough cash to last 3 more months. So that would seem to jibe with this article. When you think of how many hotels there are in the country that's got to be a huge number of jobs. Obviously most of the world is in a heap of trouble but a place like Thailand that has so much of its economy tied up in tourism is headed for some prolonged hurt. Boy69 1 Quote
