With virtually no foreign tourism, Thailand’s hotels are converting their rooms into apartments, offering monthly rentals at drastically discounted rates.
Seen mostly in Bangkok, luxury hotels are jumping into the serviced-apartments market, cutting room rates by as much as 50 percent for those renting monthly, allowing some to enjoy four- and five-star living for as little as 15,000 baht a month.
Monthly rentals are just one of the options hotel operators consider to survive a foreign-tourism drought that is nearly a year old. While there are no legal or immigration blockades to foreigners visiting Thailand, the country’s requirement for costly, 14-day quarantines and…
