Asset management funds for hotels floated
Options studied to keep industry alive
Regulatory bodies and the private sector are studying viable options, such as asset management funds, to help hotels overcome the pandemic and retain employment.
Hotels are among the most affected by the economic fallout caused by the pandemic.
Foreign tourist arrivals are estimated to total only 6.7 million this year, a significant fall from almost 40 million last year, with tourism income losing about 1.6 trillion baht or 10% of GDP, according to the Bank of Thailand.
The central bank forecasts foreign tourist arrivals of 8-9 million in 2021, a drastic drop.
Thailand has recorded almost zero foreign visitors since April as a travel ban has been imposed by the government.
Revenue from foreign tourists accounts for 11-12% of…
