"In the wake of this development, the THA conducted a survey to assess the financial impact on hundreds of Thai hotels, which amounted to a cumulative loss of 111 million baht."
"Hotels in Bangkok faced losses of 12.72 million baht, the northern region 632,244 baht, the eastern region 4.04 million baht, the western region 888,151 baht, and the southern region 92.88 million baht."
This two paragraphs suggest the loss to Thai hotels was indeed 111 million bht.