Crisis-hit Hotels Up For Sale

May 14, 2009 by  
Filed under Local News & Event

Over 100 affected as recession, political turmoil hit tourism
By Nirmal Ghosh, Thailand Correspondent

BANGKOK: – More than 100 hotels and resorts are reportedly up for sale in Thailand as hotel occupancy plunges to historic lows on the back of the worldwide recession and the country’s political turmoil.

Two cases of H1N1 influenza found in Thailand now pose yet another threat to tourism.

‘This year is the worst for our hotel industry in 20 years,’ Mr Chanin Donavanik, chief executive officer of the Dusit International chain, told The Nation daily this week.

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