Retail in Asia

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Thai hotels take major hit from red siege

The global media coverage of unrest and violence in Bangkok has frightened a lot of travellers away and put the brakes on an otherwise promising recovery.

Since the state of emergency was imposed in Bangkok in April foreign arrivals are down at least 20 percent from the same period a year ago. The impact on some hotels in the capital has been severe, and comes at a time when the industry was just beginning to see a substantial turnaround, said Andrew Langdon, senior vice-president of Jones Lang LaSalle Hotels.

(Source: Bangkok Post)