Germany’s FTI collapse impacts thousands of tourists and hundreds of hotels in Thailand, resulting in losses exceeding 111 million baht, notably in Phuket and Pattaya.
The collapse of the third-largest tour operator in Europe, FTI, has started to affect thousands of tourists and hundreds of hotels in Thailand, leading to losses of 111 million baht.
Germany-based FTI Group filed for insolvency in the Munich regional court earlier this month, affecting a number of holidaymakers in Thailand this week as they are scheduled to check out.
Thienprasit Chaiyapatranun, president of the Thai Hotels Association (THA), said that based on the group’s preliminary survey on Wednesday, the cumulative impact from this collapse amounted to at…
