Thursday, September 8, 2022
Asia-Pacific

Foreign Tourists Buoy Thailand

  • A rebound in foreign tourist arrivals into Thailand is pushing up the nation’s hotel occupancy rate from a record low during the pandemic.
  • Hotel industry experts are predicting an influx of international tourists in the Philippines in the final quarter of 2022, particularly in Manila, Cebu and Clark.
  • ITC Hotels in India could soon be spun out of conglomerate ITC. The chairman of the parent company told reporters they are exploring alternate structures for ITC Hotels, in line with industry recovery dynamics.

A rebound in foreign tourist arrivals into Thailand is pushing up the nation’s hotel occupancy rate from a record low during the pandemic. The Bank of Thailand and the Thai Hotels Association released a joint survey of 106 hotels. The survey found the average room occupancy at Thai hotels was 48% in August, up from 46% […]