Plunge in rents reflects the impact of the pandemic, says ECA International
Bangkok has fallen 19 places to the 49th most expensive location worldwide for international executive-standard accommodation.
Bangkok has fallen 19 places to the 49th most expensive location worldwide for international executive-standard accommodation, according to ECA International, a provider of information and software for the assignment of employees around the world.
The decline reflects the severe impact that the Covid-19 pandemic has had on the rental market in the tourism-reliant Thai economy, ECA said in its latest survey.
Hanoi saw a similar drop of 12 places to 81st place, based on an analysis of data gathered in September 2020. The…
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