Midweek update and some news.
https://www.todayonline.com/singapor...ok-are-worried
Hotel business in Pattaya has begun to feel the pinch of the strong baht and the economic slowdown, with reports of declining occupancy rates.
Under normal circumstances, most hotels in the popular beach city would be fully booked during the high season, but this year the overall occupancy rate is 80%, said Pattaya deputy governor Manoj Nongyai
The surging local currency has made foreign travellers more price-conscious, he said.
The city is a first-night stay for many foreigners visiting Thailand, according to a study. They then choose to stay the other nights on Koh Samet in Rayong or in Bangkok before flying home.
The slowdown in hotel business also stems from changes in behaviour, especially by Chinese tourists, who tend to travel independently in small groups instead of buying tour packages.: https://www.bangkokpost.com/business...liers#cxrecs_s
- Today, November 27th 2019 the Thai baht is being exchanged at 29.79 per (1) US dollar. The Thai Baht still remains strong.
- Explainer: The factors behind the Thai baht's surge and why Bangkok authorities are worried
- Slowdown hits Pattaya hoteliers
Hotel business in Pattaya has begun to feel the pinch of the strong baht and the economic slowdown, with reports of declining occupancy rates.
Under normal circumstances, most hotels in the popular beach city would be fully booked during the high season, but this year the overall occupancy rate is 80%, said Pattaya deputy governor Manoj Nongyai
The surging local currency has made foreign travellers more price-conscious, he said.
The city is a first-night stay for many foreigners visiting Thailand, according to a study. They then choose to stay the other nights on Koh Samet in Rayong or in Bangkok before flying home.
The slowdown in hotel business also stems from changes in behaviour, especially by Chinese tourists, who tend to travel independently in small groups instead of buying tour packages.: https://www.bangkokpost.com/business...liers#cxrecs_s
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