148 hotels in Thailand register closures in nine months amid weak tourism demand
Thailand recorded 148 hotel and accommodation business closures in the first nine months of 2026, up 42% year-on-year, as weak tourism demand, intensifying competition and rising costs pressured the sector, a research fi
Thailand recorded 148 hotel and accommodation business closures in the first nine months of 2026, up 42% year-on-year, as weak tourism demand, intensifying competition and rising costs pressured the sector, a research fi
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The national hotel occupancy rate rose by just 0.18% year-on-year in the first nine months of 2026, according to Bangkok-based Kasikorn Research Center (KResearch).
New business registrations also slowed, with 779 hotel and accommodation businesses established from January to September, down 31.2% from a year earlier.
However, the figure remained higher than in the same period of 2024.
Thailand's hotel and accommodation market is projected to reach THB1.1 trillion (US$34 billion) in 2026, up 2.6% from 2025.
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Source reference: VnExpress International