Warning from Pattaya hotel industry boss of a Chinese takeover, loss of income to the economy


Source: aseannow.com aseannow.com

Key Topics in this News Article:

News Snapshot:

Hotel industry leader Phisut Sae-khu has called for a suspension of debt repayment for hotel owners in Pattaya until the foreign tourism industry returns to normal as he warned that they face extreme financial difficulty and are ready to sell out to investors from China. It comes as efforts to relaunch foreign tourism in October under ‘new normal’ arrangements and Sandbox schemes appear to be losing momentum with the country still well behind on its vaccination targets and a lack of interest from visitors. by James Morris and Son Nguyen The Minister of Tourism and Sports, Mr Phiphat Ratchakitprakarn, last...