Leaver

Even in 2021, many still don't understand that their job is not just to "work bar." Their main job is working over the customers, and the ones playing the long game are the most financially and emotional destructive.

The world would be quite boring if everyone agreed on everything. You have not been vaccinated yet, do you think you will be more liberal in your travel habits, once you have the safety of being vaccinated? We have all seen selfish unvaccinated people in the news. I suspect their sense of entitlement increases after vaccination.

it's just human nature. Do you deny that is the attitude of many, around the world? Yes, I know many pensioners here.

Good photo, Scuba. It sums up, Pattaya, and Thailand in general. You can stay in a nice hotel, condo, or house, but as soon as you step outside, you are in 3rd World infrastructure.

No mention of the fortunes lost, and The Pattaya Balcony Jumping Club?

No argument from me, it's popular, and was busy. The cheap eats are the bait for the business sale. If it's profitable, why's he selling, and it's not due to ill health.

It's certainly going to be years, not as soon as borders open. I think these businesses tend to show that Walking Street, as we knew it, is finished, except for a few places with a loyal following.

"Prices up" maybe because the REAL operating costs are discovered. ????

If it wasn't for the good band at The Billabong Bar, I would have no reason to stay there for any length of time. Similarly, The Triangle Bar. I agree, without some other type of entertainment, 2 for 1 bars offer very little other than cheap alcohol and some people watching.

Which is the attitude of most people only AFTER they have been fully vaccinated. ????

I doubt it's a "gold mine" even when busy. The sale of the business, pre covid, is where the "gold" was. The only one driving the business into the ground would be the Thai landlord.

I think there may be a point in time when covid rent discounts end, but tourism has not yet returned to a level that can sustain full rents. Also, the clock has been ticking on key money and new lease time frames. At that point, there will be more closures, and the bottom of the market will be found. That's because profit is made on the development of the property, not on the cheap eats.

History shows he makes his money on the development of the property, not the cheap eats, which fills the place, to make the appearance of a profitable business. I have posted previously that he would either have to raise the price of the meals and / or lower the asking price, or both, to be able to survive, or to sell. He has done both, one more than one occasion.

I agree with the point you are making, but I would not have put Retox in that category, but I do not know how much rent they pay. Maybe their Thai landlord was not prepaid to share the covid pain, so closing was about limiting financial damage. I don't think they closed because they fell out of favour with their customers. The 2 for 1 business models are the ones that need a high turn over in order to survive. Eg. Billabong Bar. Also, Hungry Hippo, Kiss etc, with the cheap meals at high turnover business model. Retox did drinks, food, and accommodation, and had expat and tourist customers, but I do understand the point you are making, and agree with it.

In the last 18 months there have already been several mutations / variants. I have a feeling there will be a few more before it's over.

And sick buffalo. ????

it's obvious there will be a decline in choice and variety here in the future, which causes prices to rise.

As another member mentioned, Central Pattaya's most popular sports bar, Retox, is no more. It was one of my favourite places, as stared in the other thread, but of course, everyone has different tastes.. I find it hard to believe you would suggest a bar like Retox was not professionally run, and didn't have a well established customer base. I frequented the place often, and so did many of my friends, and we are all expats. It was also a meeting place for me and many visiting friends, before heading out for a night. I suppose if you only have have one favourite place, and it survives, then you have a 100% success rate, but others have many different favourite places, and unfortunately, a high percentage of them have not survived.

Yes, it will be, but in my opinion, the recovery gathering steam will not simply be when they open the borders. It will take a lot more than that, and will be a lot longer after that.

Retox Soi Honey was Central Pattaya's most popular sports bar. That can be debated, but in its day, it was rammed. it was busy with expats and tourists, pre covid, although my observations of the high season of 2019/20 was it was not as busy at previously, but still a lot of trade. Indeed, many businesses catering for westerners were also quiet at that time. I would be interested in what business model you think was exposed, other than, possibly, a Thai landlord not prepared to share the covid pain.

I just posted of "Pattaya's number 1 farang restaurant's" for sale price on another thread. It's dropped from something like 8 million baht to 4 million baht. https://www.bahtsold.com/view/pattaya-s-number-1-farang-restaurant-is-for-sale--387708 Here's Pattaya's most popular sports bar. From memory, originally listed at 12 million, now listed at 8 million baht. https://www.bahtsold.com/view/1202180-one-of-pattaya-s-best-pubs-for-sale-326114 "Are prices really adjusting?" A price is only as good as what the market is willing to pay. if there is no market, what's the value of an asset, and should that asset have expenses, such as rent, there becomes a point when the assets turns to a liability.

Another price drop. When will the price meet the market? Is there a market? https://www.bahtsold.com/view/pattaya-s-number-1-farang-restaurant-is-for-sale--387708

I thought similar a while ago, but Thailand will not be able to "smoke and mirrors" this one to the rest of the world. Other countries will put Thailand on their Red or Amber lists and have requirements and / or restrictions for those holidaying to Thailand. Thailand (mainland) will need 60% to 70% vaccinated population to be consider safe to travel to by most countries in the future. and the WHO know Thailand's vaccination rate capabilities.

Do you know what Covid-25 looks like? Say Covid-25 kills everyone within 48 hours, something like Ebola. Yes, let's open up under those circumstances and live with Covid. Whilst many think the race is on to open up for the global economy, the race is really on to halt the ability of the virus from mutating into something a lot worse than Covid-19.

Sure to draw a crowd and turn a baht. ????