BANGKOK (The Nation/ANN): A survey of the hotel industry found that 47 per cent of hotels have liquidity to keep their business afloat for less than three months.
47 per cent of hotels could stay open for less than three months
The confidence index of hotel business operators in April 2021, published by the Bank of Thailand, surveyed 188 hotels nationwide from April 12-26.
Of the hotels surveyed, 30 are alternative state quarantine (ASQ) facilities.
Fifty-six establishments reported more than a 20 per cent decline in liquidity compared to the previous month, due to the latest Covid-19 wave, while 47 per cent said their liquidity situation could keep their hotels open for less than three months.
The survey also found that 46 per cent of hotels were opening as usual, while 13 per cent had…
