In a bid to bolster its pandemic-hit tourism sector, the Thailand Cabinet has announced an extension of the waiver on operating fees for hoteliers for an additional two years. The exemption, which covers an annual fee of THB 40 per hotel room, will be effective from July 2024 to June 2026. Deputy spokesman Karom Phonphonklang disclosed during a news conference that this extension will incur a cost of THB 54 million in foregone revenue for the government.
The decision aims to alleviate financial burdens on hotel operators who continue to struggle amidst the ongoing impacts of the Covid-19 pandemic. This support comes as Thailand’s economy lags behind its regional counterparts, grappling with high household debt, borrowing…