PUBLISHED : 3 Aug 2023 at 05:50
Despite the upcoming lower power tariff, midscale and small hotels are still facing a surge in expenses due to high interest rates, while their rate of revenue growth lags behind those of five-star properties.
Suksit Suvunditkul, president of the southern chapter of the Thai Hotels Association (THA), said the lowering of the power tariff to 4.45 baht…