Quote:
Originally Posted by dorothy dix
U.S Dollar weakness should eventually have some bearing on Hotel rates as this loss of strength inhibits travel and therefore capacity.
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US travellers make up only a small percentage of travellers in Thailand. Other currencies have been rising fast against the dollar, including Australia, Japan and many Asian countries. Even the Euro is up 10% in the last few months. So whilst the number of American tourists may decline, the slack will be made up by visitors from other countries There is therefore zero incentive for hotels to reduce rates. Americans have to start realising that their currency will not be the world's currency of choice for much longer.