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Tuesday, May 7, 2024

Spectre of Omicron haunts Thailand’s hotel sector

Most hotel operators say their income in January is about the same as the previous month. Meanwhile, 49 per cent have earned less than 30 per cent of the pre-Covid level, while 26 per cent have been able to rebuild their revenue. Most of these hotels are in the South and East of Thailand.

Of the respondents, 53 per cent said they have enough liquidity to run their businesses for another three months, while 11 per cent said they only have enough to survive for one month. However, 17 per cent said their liquidity has risen compared to the previous month, and most have reported a 50-per-cent occupancy rate.

Average employment in the hotel business in January has also dropped to 63.6 per cent from 64.7 per cent in the previous month corresponding to the low occupancy rate.

The survey also found that most hotel operators want the government to keep the co-payment scheme alive to help them…

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