Nearly half of Thai hotels are on the brink of closure a new survey finds. The confidence index of hotel business operators published by the Bank of Thailand found 47% of hotels have liquidity to stay afloat for less than three months.
It polled 188 hotels across the country from mid-late April 2021. Of these, 30 hotels are alternative state quarantine (ASQ) facilities.
Fifty-six reported more than a 20% decline in liquidity from the previous month, while 47% said they are on the brink and could shut down within weeks.
