Thailand hotel closures up 42% in first nine months of 2026, Kasikorn Research says
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In 50 words
Hotel and accommodation closures in Thailand rose 42% to 148 between January and September 2026, while new registrations fell 31.2% to 779, Kasikorn Research Centre reported on October 27, citing Department of Business Development data. It cited weaker tourist demand, higher costs and competition, especially for smaller operators.
Why it matters
Thailand has around 15,000 hotel and accommodation operators, 98% of them small or medium-sized, employing more than 430,000 people, so closures could affect jobs and the tourism sector.
What's next
Kasikorn expects between 31 million and 33 million foreign tourists in 2027, with geopolitical tensions and rising operating costs remaining challenges.
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Sources
- ThaigerView original →
