Latest News

Back to Latest News back


Almost half of Thailand’s hotels expect to close in the next three months

Almost half of Thailand’s hotels expect to close in the next three months
May 14, 2021

With Thailand having been preparing to start opening up to international tourism, the latest surge of COVID-19 in south and south east Asia is potentially set to delay these plans

With an increasing number of Coronavirus cases in Thailand, a recent survey of the country’s hotel industry suggest nearly half of all hotels could close in under three months.

According to a study published by Thai newspaper The Nation, a massive 47% of hotels only have enough cash to last no longer than three months.

The survey is focused on the Bank of Thailand’s April 2021 trust index of hotel business operators, which surveyed 188 hotels nationwide from 12th to 26th April.

30 of the hotels are alternative state quarantine (ASQ) facilities, according to the survey.

Due to the new COVID-19 surge, 56 establishments recorded a 20% drop in liquidity compared to the previous month, while 47% said their liquidity situation could keep their hotels open for less than three months.

In addition, 46% of hotels were open as normal, while 13% had temporarily closed their doors, according to the survey. The majority of the hotels that have closed are in the southern area and catered to international visitors.

The report advised “most of the closed hotels planned to reopen again in the fourth quarter of the year when the situation improves.

The occupancy rate of 158 hotels that are not serving as quarantine centres is at 18% on average. Hotels in the northern region have the lowest occupancy rate of 4.1%, followed by the Northeast at 10.9%, Central at 18.7% and South at 23.2%.

The Bank of Thailand estimates that the average occupancy rate in May could drop to as low as 9 percent if the outbreak persists.

The hotel survey also revealed that hotel businesses still in operation employ 59% of staff compared to before the latest wave was reported. The measures hotels use to manage staff during COVID-19 include salary cuts, letting employees use their sick days, granting leave without pay, and alternating working days.

While the pandemic surge in Thailand is so far largely confined in the capital Bangkok, Thailand’s prime minister said he wants to secure more vaccines for his country and give as many first doses as possible.

The Bangkok Metropolitan Administration last week announced that it will extend restrictions that were due to end last weekend until 17th May. They include limiting restaurants to takeaway meals, closing 35 types of venues including bars, gyms, stadiums, and boxing rings, and limiting the operating hours of other businesses.

About the author

Joe Cusmano

An experinced airline and travel industry professional, Joe has over 25 years international airline sales experience of which 18 have been in senior positions in Australia, North Africa and Europe, Middle East and Thailand.

Committed to sharing news and personal experiences, he explains that, post-COVID, "once I resume travelling with people that like me are nomads by nature and love to travel, (I will) provide you with as much advice and tips to make your travel experience a memorable one."

Click here to visit his website.

Read more from this author

Related Articles

12th May 2021 - Thailand’s Banyan Village launches long stay wellness programs

5th May 2021 - Gyms close in Singapore to manage resurgence of COVID-19

4th May 2021 - Player Coronavirus infections sees suspension of Indian Premier League

29th April 2021 - Tokyo Olympic Games organisers’ latest playbook shows athletes will be tested daily for COVID-19

25th April 2021 - WTTC’S summit to be world’s first face-to-face post-pandemic global tourism event  

15th April 2021 - Thailand’s Centara group announces more hotel re-openings through April to meet surge in domestic travel demand

13th April 2021 - GlobalData suggests Thailand can proceed with tourism recovery pilot despite surge in COVID-19 cases

1st April 2021 - GlobalData advises quarantine-free travel for vaccinated tourists will expedite Thailand’s tourism

31st March 2021 - Phuket first to open without quarantine in Thailand

23rd March 2021 - Thailand Tourism Forum 2021 charts future course of Thai tourism industry

16th March 2021 - Thailand’s Pimalai Resort and Spa offers eco-sensitive excursions to Mu Ko Lanta National Park

12th March 2021 - Vaccinations will determine ‘return to normal’ after COVID

8th March 2021 - Thailand resort offers land to feed elephants during challenging times

24th February 2021 - Coronavirus pandemic creates fertile environment for online scams