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Bangkok Hotels Feel Economic Stress

Category: Hotels, Posted:31 Mar 2014 | 06:00 am

While Phuket hotel performance remains relatively stress free, given the beneficial timing of high tourist season, the same cannot be said for Bangkok.
I spoke to Jesper Palmqvist from STR Global in Singapore who reports that January saw year-on-year occupancy drop 26% in the capital.
More so the impact in February grew worse with a nosedive of 34% compared to the same month in 2013, though thankfully average room rates only retracted by 1.8%.
The economic impact to Thailand's hotel sector from the ongoing political situation remains a dark spot on the country's horizon, and while the resort markets have seen risk reduced by direct flights the overall trading picture for the year remains up in the air.

Other News

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Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
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Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
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Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]