The Thai Hotels Association (THA) expressed strong opposition to the government’s plan to allow foreigners to own up to 75% of condominium units, warning that it could lead to intense price competition and market disruption. Concerns were raised during a meeting where members discussed significant issues impacting the hospitality industry.
During the meeting, Tourism and Sports Minister, Sermsak Pongpanich delivered a speech on the direction of Thailand’s tourism and government policies to support the sector. The minister also welcomed input from the association members regarding their challenges.
Key issues highlighted by the members included land and building taxes, along with the government’s…