webfact Posted July 13, 2022 Share Posted July 13, 2022 Phuket’s Patong beach. Photo: Dennis Sylvester Hurd by TNR Staff SMALL hotels in Phuket are facing dire financial problems with several having been seized by financial institutions that have put them up for sale while 200 others are in the process of being seized by the Legal Execution Department, Thansettakij newspaper said yesterday (July 13). Around 50 small hotel owners held a protest at the parking lot behind Krungthai Bank branch at Patong beach yesterday to draw attention to their financial difficulties during a visit to the tourist island by Deputy Prime Minister Wissanu Krea-ngam and his team. They had displayed placards on their financial woes but the demonstration ended peacefully after they were allowed to submit their petition to members of this delegation. Source: https://thainewsroom.com/2022/07/13/cash-strapped-small-hotels-in-phuket-appeal-for-help/ -- © Copyright THAI NEWSROOM 2022-07-14 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! Link to comment Share on other sites More sharing options...
Popular Post StayinThailand2much Posted July 13, 2022 Popular Post Share Posted July 13, 2022 And I was under the impression that Phuket was overrun by Indian billionaires (judging from recent news items) ... ???? 1 1 5 Link to comment Share on other sites More sharing options...
Popular Post stoner Posted July 13, 2022 Popular Post Share Posted July 13, 2022 why don't they just double the price of a room ? 1 11 Link to comment Share on other sites More sharing options...
Popular Post ozz1 Posted July 13, 2022 Popular Post Share Posted July 13, 2022 Yes and not many international tourists are coming even if tat say they are and in general Thai people don't go to Phuket they say it's too expensive so the writing is on the wall for these small operators sad times ahead and the landlords don't care 4 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted July 13, 2022 Popular Post Share Posted July 13, 2022 In Thailand, like in Thailand, when one business is doing well, very soon after there will be many copy-cats and before you know it there's over supply and that is what happens in the hotel business in Thailand, thousands of everything between B&B and 5-6 stars hotels so no wonder when times are tight business is bad... 8 Link to comment Share on other sites More sharing options...
KIngsofisaan Posted July 13, 2022 Share Posted July 13, 2022 Instead of hotels, they all spent their 40,000,000 baht on 1 rai of land. Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted July 14, 2022 Popular Post Share Posted July 14, 2022 Probably due to the hyped up number of tourists entering the country that are actually construction workers ! 8 2 Link to comment Share on other sites More sharing options...
khunPer Posted July 14, 2022 Share Posted July 14, 2022 (edited) 6 hours ago, StayinThailand2much said: And I was under the impression that Phuket was overrun by Indian billionaires (judging from recent news items) ... ???? Billionaires stay in 5-star resorts, they don't stay in small hotels... Edited July 14, 2022 by khunPer typo 2 Link to comment Share on other sites More sharing options...
Popular Post 4MyEgo Posted July 14, 2022 Popular Post Share Posted July 14, 2022 They should listen to Anutin's dual pricing announcement the other day, double the room rate prices for farangs....lol 2 2 Link to comment Share on other sites More sharing options...
hotchilli Posted July 14, 2022 Share Posted July 14, 2022 7 hours ago, webfact said: Around 50 small hotel owners held a protest at the parking lot behind Krungthai Bank branch at Patong beach yesterday to draw attention to their financial difficulties during a visit to the tourist island by Deputy Prime Minister Wissanu Krea-ngam and his team. Phukets had all the ace cards since tourism was re-started with the sandbox scheme... 2 Link to comment Share on other sites More sharing options...
Reposed Posted July 14, 2022 Share Posted July 14, 2022 7 hours ago, webfact said: seized by financial institutions that have put them up for sale Seems like a very well thought out solution.... Repo a hotel that fails due to no guests for two years, nor for the foreseeable future, and market it as a great investment. Too bad foreigners can't buy a hotel, there are an awful lot of gullible ones on this forum.... 2 Link to comment Share on other sites More sharing options...
trainman34014 Posted July 14, 2022 Share Posted July 14, 2022 Stayed on Phuket for a week in June; two different Hotels, 5 Star in Patong for 800 Baht a night, Buffet Breakfast Included and a 5 Star Beachside Resort for 1,000 a Night with Buffet Breakfast included. Both were bargains and we had several cheap Taxi rides and a cheap Island Tour, 9am-4pm 1,000 Baht in a nice SUV. In Rawai at the Seafood Market we ought live Asian Lobstes and had them cooked for 50 Baht each at a Restaurant Opposite. This is not the Phuket of five years ago with everything overpriced and constant gouging; once again it's become a pleasure to go there and the only Tourists apart from a few Thai's were Arab Men and a few Indian Families. We saw many Hotels, Restaurants and Cafe's closed and several for sale; even the Central Mall in Patong is still not open as not enough visitors for them. You can't feel sorry for all the Traders though; as many were fleecing the Golden Goose for the last 20 years or more without ever thinking about 'what might happen tomorrow ? '. 1 Link to comment Share on other sites More sharing options...
madmitch Posted July 14, 2022 Share Posted July 14, 2022 (edited) 3 hours ago, hotchilli said: Phukets had all the ace cards since tourism was re-started with the sandbox scheme... Small hotels didn't. It was almost impossible for guesthouses and small opertors to get SHA+ approval. And with large hotels selling rooms at a fraction of their normal rates they simply didn't get any customers. Edited July 14, 2022 by madmitch 1 Link to comment Share on other sites More sharing options...
mikeymike100 Posted July 14, 2022 Share Posted July 14, 2022 10 hours ago, stoner said: why don't they just double the price of a room ? Don't give them ideas! ???? Link to comment Share on other sites More sharing options...
3NUMBAS Posted July 14, 2022 Share Posted July 14, 2022 same as everywhere in the world from rome to bognor regis to marbella Link to comment Share on other sites More sharing options...
beechbum Posted July 14, 2022 Share Posted July 14, 2022 10 hours ago, trainman34014 said: Stayed on Phuket for a week in June; two different Hotels, 5 Star in Patong for 800 Baht a night, Buffet Breakfast Included and a 5 Star Beachside Resort for 1,000 a Night with Buffet Breakfast included. Both were bargains and we had several cheap Taxi rides and a cheap Island Tour, 9am-4pm 1,000 Baht in a nice SUV. In Rawai at the Seafood Market we ought live Asian Lobstes and had them cooked for 50 Baht each at a Restaurant Opposite. This is not the Phuket of five years ago with everything overpriced and constant gouging; once again it's become a pleasure to go there and the only Tourists apart from a few Thai's were Arab Men and a few Indian Families. We saw many Hotels, Restaurants and Cafe's closed and several for sale; even the Central Mall in Patong is still not open as not enough visitors for them. You can't feel sorry for all the Traders though; as many were fleecing the Golden Goose for the last 20 years or more without ever thinking about 'what might happen tomorrow ? '. Steady on, most who are posting on here don't want to hear anything positive! 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now