Articles tagged “thailand”

A survey by the Thai Hotels Association and Bank of Thailand found that 29% of hotels rated three stars or less suffered a severe impact from interest rate hikes and might need debt restructuring.

Thai tourism officials hope for 2 million Russian tourists to visit Thailand next year, as Russian travelers have been unwelcome in many European tourist locations due to their government's illegal invasion of Ukraine.

Today's edition of Skift's daily podcast looks closer at global passport power, United’s Asian play, and Thailand’s Middle Eastern ambitions.

Thailand is experiencing a shortfall in its anticipated number of Chinese tourists, potentially impacting its tourism target for 2023. The country is now exploring alternative markets like Middle Eastern tourists, who can significantly contribute to its tourism revenue despite not matching the Chinese numbers.

IHG Hotels & Resorts signed agreements for new hotels in Bhutan and Thailand, expanding its presence in these countries.

Radisson Hotel Group plans to open more premium and luxury hotels in Thailand over the next five years, Wyndham aims to open 5,000 additional rooms in to catch up with the country’s tourism industry recovery, and IHG continues to expand its Hotel Indigo brand in the country.

Chiang Mai’s tourism industry is continuing to recover as the Thai Hotels Association said the average occupancy rate of hotels in the province rose to 75% in the first five months of 2023.

The Thai Hotels Association said hotel occupancy rates in Thailand plunged to below 50% during May to June, an immediate fallout of the termination of the government’s “Let Us Travel Together” phase 5 campaign in April.

The buzz around the ongoing Arabian Travel Market in Dubai offers a glimpse into the thriving tourism industry in the region. Tourism in the Middle East is set to grow in coming years.

The Bangkok Post reported that 112,876 room nights were reserved out of 560,000 available within six hours of the latest phase of the hotel subsidy program going live.