Thailand Hotel numbers
The crazy figures put out by the Thai tourist Authority are ridiculous compared to reality… Pattaya and Phuket are well down and Chiang Mai are saying its the worst they have ever experienced in 10 years
Even in Issan and Khon Kaen the North east of Thailand 2019 has most definitely been the worst year yet..
Hotels are empty… Price cutting is pointless as
- there are virtually no customers and
- Hotel ruining costs out weigh the returns.
But guess what… in crazy Thailand they are still building hotels and apartment buildings that sit empty.
In Bangkok there has never been so many new apartment complexes for sale ….
Maybe it’s the government creating a strong Baht…. but the whole country is suffering from Hotels to Tourists to imports and exports and all the small businesses that support the larger businesses and tourist industry…
Pattaya as an example is empty… the bars and girls and don’t forget all the food vendors… cannot survive with no customers.