Originally Posted by
Dr. HFH
Actually, I'm not. In my mind, balancing that 1) Thailand is an incredibly popular tourist destination, 2) which right now and for the indefinite future is experiencing occasionally quite violent political unrest aimed at regime change, thus driving tourists away resulting in very low hotel occupancy rates, I had guessed that those factors would balance out to no net change.
OK, two examples: St Regis Bangkok, ROS. Both need to go down to be able to compete with other properties. I was also expecting LM Chiang Mai to go up a notch.