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Survey finds nearly half of Thai hotels can stay afloat for less than 3 months

Maya Taylor

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PHOTO: Flickr/hero baby

A recent poll of the Thai hotel industry shows that 47% of those surveyed only have enough liquidity to sustain less than 3 months of business. The Bank of Thailand has published its confidence index of hotel business operators for April 2021 and the findings make for grim reading. According to a Nation Thailand report, a total of 188 hotels around the country took part between April 12 – 26. Among those surveyed, 30 properties are serving as alternative state quarantine facilities.

The poll shows that 56% of hotels have seen their liquidity drop by 20% compared to last month, as a direct result of the Covid-19 resurgence. Meanwhile, 47% say their liquidity is such that they can only remain open less than 3 months. Of the properties surveyed, 46% remain open as usual, while 13% have closed temporarily. Most of the shuttered hotels are in the south of the country and consist of properties that would normally attract foreign tourists. The report says these hotels plan to re-open in the last quarter of the year, when they hope the situation will have improved.

Nation Thailand reports that occupancy rates have plummeted across all hotels and among the 158 properties that are not serving as ASQ facilities, occupancy sits at an average of 18%. The lowest occupancy rate is in the north of the country, at 4.1%. In the north-east, it’s 10.9%, in central Thailand it’s 18.7% and in the south, 23.2%. Average occupancy this month is predicted to drop to as low as 9% if the Covid crisis is not brought under control.

The poll found that hotels still operating are employing 59% of the workforce they had prior to the third wave of the virus. Staff costs are being managed through salary cuts, unpaid leave, and alternating work days.

SOURCE: Nation Thailand

 

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9 Comments

9 Comments

  1. Avatar

    Joe

    Tuesday, May 4, 2021 at 11:53 am

    If there had been vaccinations then possibly a lot of this could have been avoided, there might even have been some tourism in July, now we can even forget about the next high season.

  2. Avatar

    Toby Andrews

    Tuesday, May 4, 2021 at 4:31 pm

    The conclusion wise tourists should reach is that, to book a hotel in Thailand now might risk, a lost deposit or payment for the room.
    The hotel could go out of business.

  3. Avatar

    alan

    Tuesday, May 4, 2021 at 4:37 pm

    And they still want to build more hotels or condos

  4. Avatar

    Frank

    Tuesday, May 4, 2021 at 7:48 pm

    @joe you really think that I think you one of these people that really think that tourism comes back this year… you could be in the government..lol

    Either way keep on dreaming all what they say now they also said last year

  5. Avatar

    Dreqo

    Tuesday, May 4, 2021 at 8:46 pm

    Maybe try to take covid to court for defamation er libel or something?

    Ahh, karma is a nasty wench, aye?

  6. Avatar

    EdwardV

    Tuesday, May 4, 2021 at 9:19 pm

    This is part of why I plan to wait at least a month or two after opening to return. There is going to be a lot of shake out that first 30-60 days to get things up an running again. That’s in addition to what Toby is pointing out. Who knows how many of these hotels will take deposits but never reopen? At least for that first trip back, book through a third party, use a credit card and pay for the insurance. That little bit of extra in cost will be a case of better safe than sorry.

  7. Avatar

    L-Dogg

    Wednesday, May 5, 2021 at 2:34 am

    I have confirmed bookings for November this year. Still hoping for the best, but have everything refundable just in case.

  8. Avatar

    J West

    Wednesday, May 5, 2021 at 10:05 am

    Interpretation: Non Performing Loans are Demand Loans and credit is being called. Any business that doesn’t plan for contingent cycles is doomed to fail. Oh…..how the mighty have fallen. Some benefit Covid might bring to Thai tourism and immigration culture…perhaps some modicum of thankful humility and a sincere respect for your guests…..you know the ones….that bring all the money….without which your people starve?

  9. Avatar

    SiHo

    Wednesday, May 5, 2021 at 7:09 pm

    What a joke. 23.2% occupancy in the south? Only possible if you calculate it from the few rooms that are open for sale, not of the total hotel inventory. Many hotels closed 75% of their rooms in order to save money. So basically it is 23.2% of 25%.
    Their is no bigger lie than a statistic, they say…

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Coronavirus (Covid-19)

Phuket red zone list adds Krabi, Trang, Ranong, Phatthalung

Neill Fronde

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FILE PHOTO: The Phuket checkpoint now lists 25 provinces as a red zone.

Visitors to Phuket from Krabi, Trang, Ranong, and Phatthalung will now have to prove they’re vaccinated or have a negative Covid-19 test within 72 hours of arrival, as they’ve been added to the red zone province list. People entering without those qualifications will have to take a rapid antigen test on the spot before being allowed into Phuket.

The 4 provinces join a group of 21 other provinces already on the Phuket red zone list requiring strict measures to enter. That list even includes Phuket itself, as people do exit the province have to prove a negative test or vaccination before being allowed to re-enter.

Phuket’s vice governor made the announcement yesterday after the governor signed the order and put it into effect until at least May 15th. That same order requires all trucks transporting goods to travel from 11 pm to 5 am, the nighttime hours that other people are not allowed to enter the island. Phuket recently closed its entry checkpoints from late night to early morning after reports of exhaustion from the health officials working to test everyone or verify their credentials.

Delivery drivers will also have to pass the same requirements as red zone province arrivals before entering Phuket. Any driver who does not have a negative test within 72 hours or proof that they’ve received both doses of a vaccine approved by Thailand’s Food and Drug Administration, will be forced to wait until the regular checkpoint opens at 5 am to receive a rapid antigen test.

Over 40,000 people from red zones have now been tested at the checkpoint to enter Phuket. In the first week of the requirement which began on April 22, health officials tested more than 22,000 people, overwhelming staff and prompting the government to close the entrance from 11 pm to 5 am to give checkpoint workers a break.

The 25 provinces currently classified as a red zone for entering Phuket are as follows:

Bangkok Nakhon Pathom Pathum Thani Rayong Suphan Buri
Chiang Mai Nakhon Ratchasima Phatthalung Sa Kaeo Surat Thani
Chonburi Nakhon Sri Thammarat Phuket Samut Prakan Tak
Khon Kaen Narathiwat Prachuap Khiri Khan Samut Sakhon Trang
Krabi Nonthaburi Ranong Songkhla Udon Thani

SOURCE: The Phuket News

 

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Coronavirus (Covid-19)

BMA admits Covid virus spreading fast in Bangkok, speeds up testing and jabs

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Stock photo via Flickr

The Bangkok Metropolitan Administration says it is speeding up mass Covid-19 testing and inoculations in communities hit strongly by the virus, after admitting the virus is spreading fast in Thailand’s capital.

The city clerk says the administration, along with the Public Health Ministry and other agencies, are speeding up the collection of nasal swabs for Covid-19 tests, with a plan to test 3,000 people in high-risk groups per day. Those people deemed to be at an increased risk of the virus have been clustered by districts, with testing units in each of the 6 districts…

Laksi district, 70 Pansa Min Buri park in Min Buri district, Huai Khwang stadium in Huai Khwang district, under the Rama III expressway in Yannawa district, a public park under Rama VIII bridge in Bang Phlad district and The Mall Bangkae shopping centre in Bang Kae district.

The virus has been found in densely populated, low-income areas such as the Klong Toey community in Klong Toey district, Bon Kai community in Pathumwan district and Ban Khing community and The Mall Bangkae in Bang Kae district. In an effort to help those residents stay at home to prevent the possible spreading of the coronavirus, community-level organisations are teaming up to provide food, water, and supplements to those in the areas.

But stay at home orders are a problem for many as starvation is more frightening than the virus and 90% of residents in the slum communities still need to leave for work each day to keep food on the table. The daily average income for those in the slums is around 120 to 150 baht. The CCSA yesterday declared that is is focusing on containing major Covid clusters in 3 key Bangkok communities – the Klong Toey ‘slums’, Bon Kai in Pathumwan and Ban Khing in the Bang Kae district, on the west side of the Chao Phraya.

Today’s nationwide Covid update includes compiling the regional totals from yesterday, with a total of 27 new Covid-related deaths and 2,044 new Covid-19 infections over the past 24 hours. The numbers continue a statistically consistent rise in the number of Covid infections over the past 2 weeks.

Meanwhile, talking about Phuket’s plans to open in July, the Tourism and Sports Minister, Phiphat Ratchakitprakarn, said yesterday that the number of new cases on the island must reach zero before the government can contemplate the ‘Sandbox’ plan for no-quarantine travel.

SOURCE: Bangkok Post

 

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Coronavirus (Covid-19)

Phuket visitor Covid-19 rapid antigen testing may end May 15

Neill Fronde

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PHOTO: Covid-19 rapid tests may be discontinued in Phuket. (via Wikimedia)

In a live broadcast, Phuket’s Vice Governor Piyapong Choowong said officials will consider discontinuing Covid-19 rapid antigen testing for people arriving into Phuket after May 15. The interview from the Phuket Check Point at Tha Chatchai yesterday seems to contradict a recent statement from the governor launching additional rapid testing from today.

Entry to Phuket since April 22 has been limited for travellers from red zone provinces, requiring proof of vaccination or a negative Covid-19 test within the last 72 hours. Anyone arriving without either of these would be screened on the spot with rapid antigen tests. Though originally offered for 300 baht per person, controversy arose over Thailand’s 2-tier pricing as it was announced that testing would be free for Thai people and 500 baht for foreigners.

The National Health Security Office provided 40 billion baht for testing in Phuket, allowing free testing for nationals, but as that funding is used up, Phuket Governor Narong Woonciew announced that the testing will no longer be free for Thai people after May 15. Phuket does not have the budget for free rapid antigen testing so they will likely be forced to require payment after that date.

The current testing has seen a decline in positive Covid-19 infections, not finding any new cases for several days, prompting the government to rethink whether the current system of rapid testing those who are not vaccinated or holding a recent negative test certificate is worth the money spent.

Over 40,000 people have been tested since the program began April 22 until the current figures on May 5, with only 22 covid infections identified. Furthermore, 5 of those infections turned out to be false positives.

The vice-governor conceded that Phuket has Covid-19 outbreak problems with growing infections every day, but explains that the infections are from within the community and not from outside visitors. The latest infections stem in large part from gambling get-togethers without proper Covid-19 safety.

As of now, the rapid antigen testing will continue until the May 15 cut off, but government officials are still debating whether to continue testing and whether funding will exist for it after that date.

The NHSO has recently hinted that they will approve more funds to continue testing, a signal that had not been received before the governor’s announcement on Wednesday about the rapid antigen testing.

The vice-governor stressed that the situation is constantly evolving and that new information it’s shared frequently, and often out of local control. He urges everyone to pay attention to forthcoming announcements.

SOURCE: The Phuket News

 

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