200,000 rooms booked with subsidy expansion

The extension of the hotel subsidy scheme on Monday saw more than 200,000 rooms redeemed during the first 12 hours, prompting related agencies to again monitor transactions closely. Yuthasak Supasorn, Tourism Authority of Thailand (TAT) governor, said continuation of the 1 million room night subsidy saw an enthusiastic response in the first 12 hours, in contrast to average bookings per day of around 50,000-60,000. The second phase of this stimulus was postponed from Dec 16 because of possible fraud occurring in the first phase with 5 million room nights. Mr Yuthasak said most bookings are beli…

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HEDGE accordingly