Bangkok has been the scene of some really violent protests lately, and that too near the Rajprasong intersection, and Silom area. 4 luxury hotels have already announced that they would be shutting down for a short period while many restaurants have already downed their shutters for good.
The 4 hotels provide employment to about 2000 people have about 1500 rooms. Ever since the demonstrations started on the 3rd of April, security concerns have risen and hotel owners are not taking any chances.
Thanks to the lack of good security and services, hotels are left with no option but to close down until situations improve. InterContinental Hotels Group (IHG) have begun to relocate their guests to other IHG managed hotels. They now plan to resume operations from the 28th of April, but it is still not clear if that is ever going to happen.
Centara Grand at CentralWorld, Arnoma, Amari Watergate, Novotel at Siam, Pathumwan Princess and Siam at Siam are still open but they have an occupancy rate of 10 to 30%. 55 and Ginger, two of the most popular restaurants in the vicinity have shut down forever. Thus, thanks to the demonstrations, the luxury industry in Bangkok and elsewhere in Thailand have suffered a setback.
Via: Nation Multi Media