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# Thai group cuts revenue growth target
- URL: https://hospitality.pro/thai-group-cuts-revenue-growth-target/
- Published: 2016-11-17T14:19:06.000Z
- Updated: 2021-02-23T21:41:50.000Z
- Author: Holedo
- Tags: Hospitality Industry News, hotels, News, Tourism, #wordpress, #Import 2026-04-16 12:15

*Bangkok, Thailand – 17 November 2016*  
1Thai Hotel Group Erawan has cut 2016 its revenue growth target to 5 percent from 10 percent as Thais enter a year of mourning following the passing of King Bhumibol Adulyadej on October 13.

The group expects fourth-quarter occupancy rate at 79 percent versus 81 percent a year earlier.

It expects the 2016 occupancy rate fall to 80 percent versus its earlier target of 81 percent due to lower-than-expected tourist numbers in fourth quarter.