IHCL Reaches 250 Hotel Milestone with Goa Opening
Skift Take
Asian hotels face mixed outlook: Thai occupancy rises, Chinese tourists decline, while new luxury properties open. Plus: IHCL’s 250th operating hotel.
The Thai Hotels Association said the July Hotel Business Confidence Index Survey showed an average hotel occupancy rate of 58%, up from June, but it also reflected a projected decline in Q3 foreign tourist arrivals year-over-year, especially for hotels in the Central and Southern regions, where Chinese and short-haul markets are expected to contract more sharply than elsewhere. Nearly 30% of the operators expect Chinese guest numbers to fall by more than 30% year-on-year, with another 18% expect those numbers to drop 21% to 30%. There were 19% expecting a fall of 11% to 20%. For the short-haul market, 28% forecast a decrease of 11% to 20%, 26% expect a drop of no more than 10%, and 19% foresee a decline of over 20%. While long-haul growth is expected in the Northern tourist areas, 27% of hoteliers expect a fall of up to 10%, 21% forecast a decline of 11% to 20%, and 16% expect a drop of more than 20%. 47% of hoteliers expect the government’s Half-Half Thai Travel domestic s
