A majority of hotels in Thailand are in the red, following the relaunch of the Test & Go program earlier tis year, the Bangkok Post reported.
According to a survey of 127 hotels by the Thai Hotels Association (THA) and the Bank of Thailand, sixty-five percent of hoteliers say they were unable to turn a profit in February, as average occupancy remained below 30%.
The president of the Thai Hotels Association said that three fourths of the 12 hotels surveyed expected a 30% vacancy rate, which would have been enough to break even, but only 37% of them achieved the needed occupancy.
“Even though the Test & Go scheme has resumed, local tourists were still the majority of our customers. Almost half of hoteliers who took the survey said international guests made up less than 10% of their bookings.”
THA is requesting that the government to extend the 90% reduction in land and…
