- Thailand News
Pandemic economic impact hits Phuket hotels as 73% of new projects put on hold
Island’s transaction market heats up as owners face liquidity issues, while broad tourism sentiment wanes PHUKET, THAILAND: Thailand’s battered hotel sector is showing increased signs of fatigue as the global pandemic enters its third year. Nowhere is this more apparent than the resort island of Phuket, where over 73% per cent of new hotel developments either lay dormant or have…