Published on : Tuesday, November 28, 2017
Modena by Fraser hotel’s General Manager Piyalak Penkunaporn said, “They walk around and try Thai food and, most importantly, shop – (for) both luxury products and Thai products. All the guests come to Thailand for shopping.”
Occupancy rate at the one-year-old hotel went up 10 percent in the July to September period compared to the preceding quarter, and is expected to grow by at least the same figure in its second year of operation.
The hotel and restaurant sector in South-east Asia’s second-biggest economy grew a steady 6.7 percent in the third quarter, boosted by robust foreign and domestic tourism receipts, as well as higher hotel occupancy.
Other important performers in the third quarter were exports, which grew 12.5 percent in tandem with the economic expansion of trading partners and higher commodity prices in the world market.
The National Economic And Social Development Board expects the Thai economy to expand between 3.6 percent and 4.6 percent by next year.