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Posted: 31 Mar 2014 | 6:00 am
While Phuket hotel performance remains relatively stress free, given the beneficial timing of high tourist season, the same cannot be said for Bangkok.
I spoke to Jesper Palmqvist from STR Global in Singapore who reports that January saw year-on-year occupancy drop 26% in the capital.
More so the impact in February grew worse with a nosedive of 34% compared to the same month in 2013, though thankfully average room rates only retracted by 1.8%.
The economic impact to Thailand's hotel sector from the ongoing political situation remains a dark spot on the country's horizon, and while the resort markets have seen risk reduced by direct flights the overall trading picture for the year remains up in the air.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
One top resource for hospitality players who want to know more about sustainability is Green Hotelier (www.greenhotelier.org).
Today's soaring demand for electricity counts lights as a major consumer.
Library of published hospitality, tourism and property market intelligence.
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