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Saturday, May 4, 2024

Hotel market remains tepid thanks to Omicron

Growing uncertainties triggered by tighter curbs against the Covid-19 Omicron variant are dashing hoteliers’ hopes of cashing in during the peak tourist season.

“The hotel situation remains tepid despite the reopening in November and the beginning of the festive season. The number of international travellers didn’t significantly improve, particularly after Omicron emerged,” said Daecha Tangsin, executive vice-president of the Ramada Plaza Bangkok Menam Riverside.

Meanwhile, as New Year celebrations in many places were cancelled, local tourists have more concerns about going out to celebrate.

The Ramada hotel has 30% occupancy for the New Year holiday, while occupancy for riverside hotels hovers around 30-50%.

Mr Daecha said international Mice (meetings, incentives, conventions and exhibitions) demand hasn’t returned yet, but the…

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