Survey finds nearly half of Thai hotels can stay afloat for less than 3 months

[Thaiger]

A recent poll of the Thai hotel industry shows that 47% of those surveyed only have enough liquidity to sustain less than 3 months of business. The Bank of Thailand has published its confidence index of hotel business operators for April 2021 and the findings make for grim reading. According to a Nation Thailand report, a total of 188 hotels around the country took part between April 12 – 26. Among those surveyed, 30 properties are serving as alternative state quarantine facilities. The poll shows that 56% of hotels have seen their liquidity drop by 20% compared to last month, […]

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