Hotels face grim prospects - News Summed Up

Hotels face grim prospects


Hotels face grim prospectsSiam skytrain station, usually one of Bangkok's busiest mass transit interchanges, has been nearly empty since shopping malls and hotels closed temporarily this week. Without guests, hotel operators will be hard pressed to stay in business for longer than three months, Ms Supawan said. The hotel occupancy rate for the first half of March for hotels in Phuket beach areas stood at 60%, according to bookings. "Even during the tragic 2004 tsunami in Phuket, our hotels still had a 30% occupancy rate," Mr Suksit said. The two largest hotel operators in Thailand, Minor Hotels and Asset World Corp, have temporarily closed hotels in Bangkok and virus-hit areas to help prevent the disease from spreading.


Source: Bangkok Post March 24, 2020 23:26 UTC



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