Thailand's Tourism Sector Seeing Strong Recovery: Hotelier

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.

"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.