The end of the year will be relatively calm not only for Chiang Mai hotels, but also for other popular tourist destinations. The outflow of tourists has been affected by a strong bat, oversupply and the growing popularity of cohabitation, such as Airbnb
Hoteliers in the northern city also suffer from the effects of the fire crisis at the beginning of the year, which scared off many tourists.
Employment rates fell by 20% in the third quarter, compared to 80% at the same time last year. Hoteliers say that this is usually a relatively busy time for a northern city with school holidays in Europe and China. China’s Golden Week this year (October 1-7) was also very quiet compared to previous years.
An average employment rate of less than 60% is expected to be the “norm” for the rest of the year. At the same time, the number of rooms in Chiang Mai has increased by 10,000 to 60,000 in just two years, so tourists have a lot to choose from.
The increase in the number of homes in northern Thailand further aggravates the problem of the traditional hotel market. Hoteliers also blame the fires that caused many regions to be covered with smog in March and April.
In the first eight months of this year, Chiang Mai received 6.38 million tourists, which is 2.2% less compared to the same period last year.
Source: The Thaiger. Translation: Anna Boyko.