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Hotel prices slashed and quiet beaches, Phuket faces challenging high season

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7 minutes ago, Lacessit said:

It's difficult for me to work out which nationality is more obsessed by money - Thais, Chinese, Indians or Americans. Help me out, please.

#1 place shared by Chinese and Thais, difficult to separate them

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28 minutes ago, Lacessit said:

It's difficult for me to work out which nationality is more obsessed by money - Thais, Chinese, Indians or Americans. Help me out, please.

Singapore has some of the biggest kee-niaos I have ever come across.

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1 minute ago, SteveK said:

They were probably using coupons.

I am sure you have never been in the 5* hotel Le Meridien. Coupons. LOL. 

 

It seems that for some people it´s impossible to imagine that Indians have money and are not stinky. Same as all western tourists are not stinky backpackers, sleeping in a 10 bed dormatory.

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Immigration is counting TM6 cards + TAT multiplies it with a dream factor = Everything is at it's best.
Hotels loose 50% on a room = Not part of their fake calculation 

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1 hour ago, CNXexpat said:

I am sure you have never been in the 5* hotel Le Meridien. Coupons. LOL. 

 

It seems that for some people it´s impossible to imagine that Indians have money and are not stinky. Same as all western tourists are not stinky backpackers, sleeping in a 10 bed dormatory.

That was a joke.

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4 minutes ago, SteveK said:

That was a joke.

God or somebody else created a 😉 to show that it´s not meant serious. There are so many stupid people on the internet, they write the same as you - and they mean it serious. I can´t see if you are one of them if I read your text.

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On 10/26/2019 at 2:04 PM, SteveK said:

Because all of the people in power in Thailand have millions and millions of baht in the bank. They can reap the rewards of the inflated currency by buying investments and properties overseas at a huge discount whilst the baht stays propped up. If the baht drops, so does their apparent wealth when they travel abroad to buy their Bentleys, Rolexes and apartments in Paris and London.

 

Hence they don't want to blame the baht, they will blame everything else for as long as possible to keep the house of cards propped up. They obviously put their personal wealth at a higher priority to the economic prosperity of the country, but that shouldn't come as a surprise to anyone who lives in Thailand and has seen the god-like reverence in which the super-rich elite are held.

Is that any different in other countries ?   I don't think so.

Just replace Thailand with another ...land and the Baht with €, $, Pound...

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2 hours ago, Lacessit said:

It's difficult for me to work out which nationality is more obsessed by money - Thais, Chinese, Indians or Americans. Help me out, please.

All the same. People are people. People are greedy and the more they can get the more greedy they become.

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9 hours ago, RBOP said:

I'm just not seeing any deals at all. 

Screenshot_20191027-103916_Samsung Internet.jpg

If you do a search on Agoda for rooms in Patong from 28-31 Oct, many hotels in the 400-700 baht range, same hotels checking in on the 1st November, nearly all double or treble the price.

 

Hoteliers in Phuket have been in denial for years, they even still have the “start of high season” festival on Patong Beach on the 1st November.
 

The place is empty and will continue to be empty until January, especially if the hotels triple their rates overnight.

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On 10/26/2019 at 2:05 PM, rooster59 said:

According to the report, hoteliers have been forced to slash hotel rooms prices by as much as 50 percent.

Has anybody worked out that 50% of a ridiculously highly inflated room rate is still a highly inflated room rate. The average room rate in most other countries is approximately (very loosely, but just an example) 1 night - 1 days salary. Example, in Australia the average wage is around $1,500 per week according to the bureau of stats. And, the average room rate for a half decent hotel 4 or 5 star is around $200 - $250 per night.

In Thailand however the average wage is (again very loose) 300 - 500 Baht per day and yet this article:

Travellers to and around Thailand paid an average price of 1,720 baht a night for their domestic accommodation last year, a 7% drop compared to 2017, and paid the same average price of 4,437 baht a night for international accommodation in both 2018 and 2017.

It doesn't take much to see that domestic accommodation for tourists was more than 3 times the daily Thai wage and international nearly 9 times the average wage. = go figure!

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11 hours ago, marin said:

All of the southern islands are killing themselves this year. Last years high season was down, then the off season went to hell as well. So what do they do?  Double all the room prices over last years high season rates on booking sites. It was amazing to look at. The same hotels my family and friends visited last year on Phuket, Raillay and Phi Phi wanted more than double. So I called down direct expecting to get a better rate. "Have to raise our prices we are going to be full", was the reply.  Gave up.  Let them perish, places I have been visiting for years.

 

Checked up north Chiang Rai and the surrounding mountains for a road trip. Prices are way down. So I called and asked why. " We need guests we have had a terrible year, come on up and we will give you another 20% off. So we are booked. Chiang Rai, Pu Chee Fah, Chaing Khang, Mae Sai, and Doi Tung.  Nice little trip.  Hope some of the losers in the south wake up...

Strange post since the op States hotel prices have been sliced. Also the experience of myself plus customers is that prices are low, and were much lower during low season as well.

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On 10/26/2019 at 7:04 PM, SteveK said:

Because all of the people in power in Thailand have millions and millions of baht in the bank. They can reap the rewards of the inflated currency by buying investments and properties overseas at a huge discount whilst the baht stays propped up. If the baht drops, so does their apparent wealth when they travel abroad to buy their Bentleys, Rolexes and apartments in Paris and London.

 

Hence they don't want to blame the baht, they will blame everything else for as long as possible to keep the house of cards propped up. They obviously put their personal wealth at a higher priority to the economic prosperity of the country, but that shouldn't come as a surprise to anyone who lives in Thailand and has seen the god-like reverence in which the super-rich elite are held.

I totally agree with this post.

Even the people here that agree that the Nation is not just 'dominated' by a fabulously wealthy oligarchy , but  almost entirely owned  by the very few ,  start searching for macro and micro economic 'solutions' .

When there are none.

 

A kind of equilibrium will come when the elite have spent and spent and spent , including spending on machinery and technologies that they import  and that take away Thai jobs ( all the while espousing the "Thai Rak Thai" mantra ) as well , of course , as their products become too expensive on the world markets and they seek to reduce overheads  by slashing labour costs.

 

Same same what happened in many of our nations a very long time before the 15 years or so I mentally estimate Thai society based on 'social obligations' sits at currently.

 

They arent concerned about a downturn in tourism or rice sales , or most other sales ...( so far ).

They OWN and rent out 100s  upon 100s of business properties , and even more hotel buildings ... and will continue to squeeze their tenants  at every opportunity . 

If anyone is going to take a loss at any downturn , it will be the punters that rent from them .... not them.

 

And if the tenants default and leave , they will let those properties rot rather than meet the market .

 

We've all seen that .

 

 

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RE - Two million Indians are now expected to visit Thailand this year, an increase of 25 percent year on year.

 

* Are we facing a name change soon - from LOS (Land of Smiles) to LOI (Land of Indians) alternatively LND (little New Delhi) ...

Edited by ttrd

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