A Vaccine-dependent Thailand – Will Domestic Demand Hold Hotel Performance Steady?

Excerpt from STR

On 28 November, Thailand’s Prime Minister announced that the country would only open to substantial tourism once a vaccine was approved, produced and implemented. Now being a vaccine-dependent country, Thailand will rely heavily on domestic demand in the meantime. So where does that leave hotel performance?    

While overall levels are still low, the country is reporting higher month-to-month performance, especially compared with nine months ago.

Thailand’s hotel occupancy dropped to a single-digit low in April (7.8%) and has since…