65 New Hotels To Open Doors By End-2010 Despite Tough Times

[bingobongo]

i wonder who loaned the money for these projects, and wonder how soon the impact of debt default will be felt, i wonder which bank will have large rights off's first......oh it will get interesting

http://www.nationmultimedia.com/2009/02/06...ss_30095109.php

[JimsKnight]

I always imagine there to be some 'Dr No' type out there with a bottomless money pit shovelling money into these projects.

If it makes money, great. If it doesn't make money, it'll look great

[12DrinkMore]

Some hotels in the capital reportedly still have average occupancy rates as low as 10 per cent.

Time to see a good dose of deflation then with cheaper room rates.

Cheap holidays in BKK.

Won't happen thought, they'll quadruple the prices so that their income stays the same. TIT. :D

[Scott]

They need more hotel rooms here--at least the 'short-time' variety!

[ray08]

I wonder how many will close this year ,130 ????

[hhgz]

I bet this is the second part of bb's "bad news trifecta". The first part goes: "no new businesses, the economy is stagnant". The second part is: "new businesses, they must be irrational". The final part goes: "the business failed, I told you the economy was bad".

Look it's a sunny day! "Oh no, the sun is exploding, I'm going to get skin cancer."