Asia-Pacific

Thailand's Latest Hotel Subsidy

Alan Woinski

Skift Take

  • STR said China Hotel RevPAR, the week ending March 4, was up 67.2% year over year.
  • The Bangkok Postreported that 112,876 room nights were reserved out of 560,000 available within six hours of the latest phase of Thailand's hotel subsidy program going live.
  • Marriott International announced plans to introduce the Ritz-Carlton to Phuket, Thailand following the signing of an agreement with Asset World Corporation.

STR said China Hotel RevPAR, the week ending March 4, was up 67.2% year over year. When compared to the week in 2019, hotel RevPAR in China was down -4%.

The Bangkok Post reported that 112,876 room nights were reserved out of 560,000 available within six hours of the latest phase of the hotel subsidy program going live. The Tourism Authority of Thailand said the value of transactions during the first six hours of availability yesterday reached 443 million baht from the room nights. Of that amount, 60% or 273 million baht was paid by the purchaser and 170 million baht came from the government subsidy. There were 500 hotels added for the fifth phase of the scheme. Key destinations such as Chiang Mai and Bangkok have high levels of air pollution at the moment but bookings for those destinations were strong as tourists have not postponed or canceled their trips. The Tourism and Sports Ministry said 15.8 million domestic trips were made in January this year, comprising