Bombs have limited impact on Thai hotel group

1 Thailand – Koh Samui

Thai hotelier and food group Central Plaza Hotel expects to lose revenue of 2 million baht (US$57,803) from room booking cancellations after a series of blasts in tourist towns last week.

The blasts should have limited impact on the company and its hotel occupancy rate would rise to 82-83 percent in 2016, up from 81 percent in 2015, senior vice president for finance Ronnachit Mahattanapreut told Reuters.

Central Plaza aims for a 4-5 percent increase in revenue from its hotel business this year and a 5-6 percent growth from food business, Ronnachit said.