Hotel operators hopeful for recovery to start in H2 2021

[webfact]

Image: Knight Frank Thailand

 

By The Phuket News

 

PHUKET: Due to the high reliance on Chinese visitors, the Phuket ‘Sandbox’ re-opening program starting in July might result in a less-than-forecasted number of foreign arrivals, reports Carlos Martinez, Director of Valuation and Advisory, Knight Frank Thailand.

 

The observation came in a report issued yesterday (July 21) marking Knight Frank Thailand’s “Overview of Phuket’s Luxury Hotel Market 1H 2021”.

 

Foreign visitors contributed to just about 90% of Phuket’s tourism receipts before the pandemic. Thus, it is not surprising that demand for hotel rooms collapsed after the closure of the airport for international arrivals enforced by the Thai government in 2020, followed by the travel restrictions to foreign arrivals, including a 14-day quarantine period, said Mr Martinez.

 

Full story: https://www.thephuketnews.com/hotel-operators-hopeful-for-recovery-to-start-in-h2-2021-80781.php

 

-- © Copyright Phuket News 2021-07-23

 

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[ukrules]

China banned foreign holidays for a year and this was when COVID was 'under control' before the latest version of the plague arrived.

 

There's not going to be any Chinese tourists in Thailand for years, maybe 2 to 4 years would be my guess.

[Thailand]

There is optimism, and there is optimism, even if you build it they will not come!

[gim12]

until they realize, and admit, that their cumbersome and heavyhanded entry requirements, combined with the lack of vaccinations which led to a rise in cases which led to the restrictions on  restos and bars is the problem, there wont be many tourists and there wont be a recovery

[hotchilli]

3 hours ago, Thailand said:

There is optimism, and there is optimism, even if you build it they will not come!

There is hope and there is Bob Hope, you know the rest.

[grain]

If they gave out Oscars or Nobel Prizes for optimistic financial projections then these guys would scoop the lot. 

[jack7106]

This bloke is the epitome of why “you can’t put brains into statues and make them human” – <deleted>????????????????????????????

[MrJ2U]

Impossible.

 

Once open most Thai hotel operaters open they revert to there overpriced agenda.  

 

I always find Marriott, Accorr, etc., Cheaper and much nicer

Edited July 23, 2021 by MrJ2U

[Caldera]

Hope springs eternal,

and hope is all they got.

 

[bangon04]

12 hours ago, ukrules said:

There's not going to be any Chinese tourists in Thailand for years, maybe 2 to 4 years would be my guess.

and that is the good news.......