Although hotels in Thailand saw a slight uptick in occupancy rate nationwide in August, alongside an increase in the number of active hotels, a majority of hoteliers will either close business temporarily or permanently if the pandemic continues to drag on, according to a recent survey.
The joint survey by the Thai Hotels Association (THA) and Bank of Thailand found that 52 per cent of hoteliers said they will close business temporarily if the Covid-19 situation persists, while nine per cent may decide to close permanently, and 30 per cent will delay investments. The remaining nine per cent said they will switch to other businesses.
The survey polled 234 operators, including 14 alternative state quarantine (ASQ) hotels and five hospitels (hotels turned into makeshift hospitals).
Marisa Sukosol Nunbhakdi, president of THA, said that the 215 hotels surveyed, excluding ASQ hotels and hospitels, saw an occupancy rate of 10.6 per cent nationwide in August, a slight increase from 9.6 per cent in the previous month.
She also noted that 48.4 per cent of hotels was active in August, a jump from 40.1 per cent in July. The uptick was mainly driven by hotels in Bangkok which pivoted to focus on the long-stay market, and in Phuket which reopened to vaccinated tourists without quarantine in July.
However, 70 per cent of respondents said their liquidity in August declined by more than 20 per cent compared to the previous month, while 65 per cent have less than three months of cash reserves. Meanwhile, half of them have only enough liquidity for less than a month.
Of the 14 ASQ hotels surveyed, 27 per cent saw average occupancy rates of 22 and 15 per cent in August and September, respectively. For five hospitels, their revenue was no different from other regular hotels, with occupancy rates at 23 per cent in August and 25 per cent in September.
Oakwood Premier AMTD Singapore has launched the Bike & Chill stay package targeting both experienced and leisure cyclists keen on indulging in a day of cycling revelry, complete with bike privileges to boot.
The hotel’s close proximity to the Marina Bay and Coastal Park Connector bike trails makes it the perfect pit stop for guests’ cycling adventures around the city-state.
Partnering with active lifestyle tenants located within the same mixed-use development of Downtown Gallery with cycling concept stores aplenty, the Bike and Chill bundle pack that comes alongside every stay package booked will feature vouchers from tenants including cycling wear shop A-Cycle as well as active lifestyle concept store The Big Country.
Guests who book the package will be able to choose their preferred apartment category. Other inclusions are bicycle parking in an allocated bicycle shed within the hotel property, uncapped utilities, as well as a choice between a S$70 (US$52) dining credit for use at SE7ENTH or by the pool deck terrace or one-way bike transfer (up to two bikes only).
Rounding up the perks are round-the-clock concierge and technician services, and access to outdoor infinity pool and fitness centre.
The Bike & Chill package is valid for reservations and stays until December 31, 2021, with rates starting from S$270++ per night for Studio apartments.