News Forum - Hotels are expected to see a large jump in earnings

[Thaiger]

Thai property giant Singha Estate predict a large jump in hotel revenue in 2022, and a considerable increase in real estate sales, following the return of international travellers after Thailand’s reopening. Once hotels revive, earnings from the hotel sector will increase from 4.5 billion baht in 2021 to 9 billion baht in 2022, according to the Chief Financial Officer of Singha Estate, Chairath Sivapornpan. Hotel chains in Thailand, primarily those in Phuket and Koh Phi Phi, have performed well since the beginning of 2022, with occupancy rates rising between 70 and 80% in April due to local demand. “Last year, […]

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[Vigo]

Good news. Hospitality sector may have been hurting but  it has quickly rebounded and will only get better as tourists return.

[Soidog]

It’s good to see things improving, but where is the 2019 figure in the report? 4.5 to 9 is fantastic growth; 100% in fact!  But if 2019 was 100, then it has a significant way to go. 
 

I do like the Thai media optimistic style of reporting, but there are limits. In the U.K. the report would have read along the lines of  “Hotels still downbeat with numbers way below pre-pandemic levels”

[Cabra]

I read this as hotels expected to see a large number of jumpers

[IneptoCracy]

Yes Cabra, hotel profits up and the occupants fall down.