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Tuesday, April 30, 2024

Smaller hotels struggling to cope with increasing costs

Mr Suksit said the power tariff has been one of the major expenses for hotels, representing around 10% of their income.

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…

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