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/ Posted on 26 January, 2021 13:31
Sharp drops in hotel occupancy as a result of January’s soft shutdown to deal with Thailand’s second Covid-19 outbreak as well as various challenges, including unequal domestic travel rebound and vaccination limitations, have led travel analytics firms STR, Inc and C9 Hotelworks to predict a slow year for the Kingdom’s hotel industry.
According to Jesper Palmqvist, area director Asia Pacific for STR, Thailand occupancy for the full year of 2020 ended at 23.5 per cent, compared to 72 per cent in 2019, using Total Room Inventory (TRI) Occupancy, where the metric includes hotels that are temporarily closed.
Hotel business hit by fresh waves of infection in January 2021