New Covid-19 wave could cause the Thai economy to lose 100 billion baht per month

The president of the Thai Hotels Association says many properties are considering shutting down for the low season as a result of the Covid-19 resurgence. Marisa Sukosol Nunbhakdi says smaller hotels that don’t necessarily have the resources of the large chain properties are struggling with cash flow and crippled by low tourist demand. Many are considering shutting up shop between April and October or until demand resumes.

In a Bangkok Post report, the THA chief says April’s occupancy rates are expected to plummet to single digits, as happened in January during the second wave of the virus. She adds that the level of business in the last 2 weeks of the month will determine whether or not many will close. There are now just 400,000 working in the hotel industry, a huge drop compared to just a few years ago.

Marisa says just how bad everything gets, including the number of people…