Half of Thailand's hotels may close by August
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Half of Thailand's hotels may close by August

News  
05-20-2021
 
Source: Pixabay

A study by the Bank of Thailand (BOT) predicts a record low occupancy rate and the closure of almost half of the country's hotels by August.

A large survey of hospitality industry operators showed that the third wave of coronavirus in Thailand will reduce the occupancy rate of the country's hotels to 9% by the end of this month, while in April it was about 18%.

Currently, about 39% of hotels are still open, but their revenue is less than 10% of the usual. At the same time 47% of hotels in Thailand will cease their activities within 3 months.

The overwhelming majority of surveyed operators consider the current third wave more destructive than the second, which lasted from Christmas to the end of January. In their opinion, up to 70% of players in this market may not receive desirable tourists.

Earlier, Thailand announced that it is ready to open its borders to foreign travelers from some countries from October 1 including the Russian Federation. The main condition for entering the state is a document confirming the 1st and 2nd stages of vaccination with "Sputnik V". In this regard, those wishing to visit Thailand should be vaccinated against covid by October. Vaccinated travelers will not be required to comply with the 2-week quarantine that currently applies when entering the state.

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