Horwath HTL Sentiment Survey: Thailand Hotel Industry and the impact of COVID-19
Thailand was one of the first Asian countries to be hit with a COVID-19 case, and transmission has since spread to surpass the two-thousand range. The hotel industry has been severely affected and many hotels are closed temporarily for at least a month. It is estimated that international arrivals into Thailand could fall by 10 million by the end of the year. Horwath HTL has collated sentiment responses from 83 hotels and resorts across Thailand. The report highlights influence of the COVID-19 outbreak on hotel market performance, cost-control measures undertaken and what forms of support are most needed.
About Horwath HTL
Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.
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