News Forum - Thai hotel industry fears revenue and tax loss over reclassifying small properties

[Thaiger]

The Thai Hotels Association (THA) voiced concerns over recent ministerial regulations that exclude accommodations with fewer than eight rooms and 30 guests from being classified as hotels. The THA predicts this new rule will result in a 15-20% decrease in hotel tourism revenue, heightened safety risks, and loss of tax revenue. This regulation, announced in … …

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[ChrisS]

Seems like a great idea to me easing the tax burden on these small businesses, of course the larger properties won't like it as it could eat into their profits with guests choosing cheaper smaller properties. Better chance of a bit more money circulating in the Thai economy rather than being engulfed by large multi nationals. Quite surprised though that the larger 'interests' haven't bribed enough people to put a stop to it.

[Marc26]

3 hours ago, ChrisS said:

Seems like a great idea to me easing the tax burden on these small businesses, of course the larger properties won't like it as it could eat into their profits with guests choosing cheaper smaller properties. Better chance of a bit more money circulating in the Thai economy rather than being engulfed by large multi nationals. Quite surprised though that the larger 'interests' haven't bribed enough people to put a stop to it.

Most of the large multinational hotel chains would be mostly owned by locals 

 

The hotel chains just manage them