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Bangkok Post
Bangkok Post
Business

MYSTERIOUS: Over half of hotel operators post losses - You Need To See This

People browse hotel deals at the 'Thai Teaw Thai' tourism fair Friday. Somchai Poomlard

Some 63% of hotels recorded losses as average occupancy lingered below 30% despite the renewed Test & Go scheme, according to the hotel business operator sentiment index for February.

Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said ¾ of hoteliers project a 30% occupancy rate should be sufficient to break even, but only 37% of them achieved that target.

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