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100 hotels on Koh Samui forced to sell up due to COVID-19 crisis

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100 hotels on Koh Samui forced to sell up due to COVID-19 crisis

The head of a tourism business association on the once popular holiday island of Koh Samui has painted a grim picture of the devastation wrought by the coronavirus pandemic.

Worasit Pongkhamphan said that since the beginning of April 100 hotels have advertised that they are for sale.

Banks won’t extend loans and the situation has been further exacerbated by agents not paying for rooms for months.

Tourism has been decimated on the island for the last two months, reported The Bangkok Insight, as the country was locked down and international flights – the lifeblood of Samui, ceased.

Now Worasit has called for government bailouts to help the industry on Samui where there are 600 registered hotels and 30,000 rooms that employ 70,000 people.

Source: The Bangkok Insight

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