Thailand’s most famous hotel, the newly rebranded Mandarin Oriental Bangkok, is feeling the effects of the country’s political unrest. The Bangkok Post has reported that only half of its 393 rooms will be filled in the next two months, leading to a potential THB120 million (US$3.5 million) revenue drop.
“Our hotel did extremely well until the political crisis erupted,” said General Manager Kurt Wachtveitl., noting profits were up 22% year-on-year in the first eight months of the year. He added that overall occupancy for 2008nisn likely to slump to 67%, with the September to November down to a projected 50%.
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