The cost of a holiday in popular beach resorts in Thailand is now on par with or higher than those in Greece, Italy, Spain, Turkey, and Egypt, which are closer to home for Europeans, according to skift.com
The cost of a five-star resort in Koh Samui, Koh Phangan and Koh Samed has reached around $500 per room per night including American breakfast. This is similar to the cost of a five-star beach resort in Greece, Italy and Spain, and dearer than a comparable property in Turkey or Egypt, which costs $350 a night, according to Diethelm Travel Group.
It is even pricier than a mountain resort in Germany, Austria, and Switzerland, which is $450 a room in the summer July/August high season for Europeans.
A Thai holiday pricing has increased by about 30 percent in U.S. dollar terms and 40 percent euros over the last five years due to the appreciation of the baht and inflation, Diethelm’s Group CEO Stephan Roemer pointed out.
The baht has kept on strengthening since January, due to the country’s current account surplus with $1 fetching only 30 baht now compared to 36 baht before, and the industry fearing it’ll get worse.
European tourism down 1.5%
Kasikorn Research Center expects the whole European market to Thailand to decline 1.5 percent this year over…
