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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:
National airline carrier Thai Airways International has banned shark fin products for its air cargo network.
Local opposition to the planned Dolphinarium in Chalong is mounting both locally and abroad.
Library of published hospitality, tourism and property market intelligence.
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