Thailand's Tourism Sector Seeing Strong Recovery: Hotelier

Thursday, 23 Sep 2010 | 2:26 AM ET

Thailand's tourism sector is recovering fast and strong since the political unrest in May, said Dillip Rajakarier, COO of Minor Hotel Group on CNBC.

Thai Hotels are Recovering Fast: Minor Group
Budget travelers are returning to Thailand but the high-end segment has yet to keep pace, observes Dillip Rajakarier, COO of Minor Hotel Group. But he is upbeat about Q4, a traditionally strong quarter. He tells CNBC's Martin Soong, how business is shaping up in the hospitality industry.

"The rebound is pretty quick," Rajakarier said, attributing the recovery to a jump in budget travelers.

Tourism numbers are mainly up in the lower segments, he noted, adding that demand is stronger outside the country's capital, Bangkok.

Rajakarier said while demand in the high-end segment is coming back, recovery is still "slightly slow".

"We are breaking even, and we are hoping to see recovery coming in the fourth quarter," he said.

More than 10 million foreigners visited Thailand in the first eight months of 2010, marking a 13 percent rise from a year earlier, government figures showed.

Tourism makes up nearly 40 percent of Thailand's economy.


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