Over half of hotel operators post losses

Some 63% of hotels recorded losses as average occupancy lingered below 30% despite the renewed Test & Go scheme, according to the hotel business operator sentiment index for February. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said ¾ of hoteliers project a 30% occupancy rate should be sufficient to break even, but only 37% of them achieved that target. The latest hotel index conducted by the THA and the Bank of Thailand polled 127 hoteliers from Feb 11-23. The index found the average occupancy rate slightly improved to 34% from 32% in January, thanks to the fourt…

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