Survey reveals over half of Thai resorts are considering closing as a outcome of low demand

Massive performed by the Bank of Thailand and the Thai Hotels Association exhibits that 52% of resorts are considering closing temporarily and 9% wish to shut down for good. 62% plan to scale back their workforce prices as a end result of the financial fallout from Covid-19, while 61% say they’ll minimize expenditure elsewhere.
The Bangkok Post stories that the survey was carried out between August thirteen – 28, with 234 resort companies collaborating. 14 of those are alternative state quarantine facilities, whereas 5 are hospitels. 38% of Phuket properties stated the number of international tourists arriving on the island is lower than they expected. However, 35% mentioned the numbers are what they anticipated. Average occupancy in Phuket for the rationale that start of the sandbox scheme has been around 15%.
In Surat Thani, where the Samui Plus re-opening scheme is now in operation, resort operators say vacationer numbers on Samui are lower than they expected and average occupancy is simply 4%. Hotels are struggling with low incomes and 58% of properties say their takings are lower than 10% of their pre-Covid earnings.
According to the president of the THA, average occupancy nationwide through the month of August was simply 10.6%, only barely higher than July’s 9.6%. Marisa Sukosol Nunbhakdi says 65% of resorts say their present liquidity means they’ll survive less than three months.
The Bangkok Post stories that the share of motels operating in August elevated from 40.1% in July to 48.4%, primarily in Bangkok and in Phuket. However, on Samui, the low tourist numbers have led to a name for the island’s re-opening rules to be relaxed. Foreign vacationers arriving through the Samui Plus scheme are presently still required to remain at a quarantine resort for the first 3 days, unlike the Phuket sandbox scheme.
To date, Samui has welcomed just 621 vacationers via the scheme, whereas over 400 tourists who spent at least 7 days on Phuket have then travelled to Samui. Since the July 15 launch of the programme, 7,136 room nights have been booked for Samui Plus locations and an additional eight,335 room nights have been booked in advance.
By contrast, Phuket has had 176,128 room nights booked in August and a hundred twenty five,434 in September.
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