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Nearly half of Thai hotels could face closure within three months
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.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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