Thai hotels and tourism firms were shocked by the June 3rd collapse of German travel giant FTI, responsible for 100,000 bookings last year. Amid reports of holidaymakers refusing payment demands, the Tourism Authority of Thailand (TAT) is assisting stranded tourists.
Thai hotels and tourism concerns received a jolt this month with the June 3rd collapse of German travel giant FTI. The firm was responsible for 100,000 bookings in Thailand in the last year. An initial tally revealed at least ฿111 million in losses based on credit already extended to holidaymakers who booked with the firm to vacation in Thailand. Amid reports of some holidaymakers refusing payment demands from hotels both on check-out and check-in, the Tourism…