SINGAPORE/BANGKOK/JAKARTA -- A resort hotel in southern Thailand's popular beach town of Hua Hin is to close all its operations permanently on Monday, becoming the latest corporate victim of the new coronavirus, which has dampened travel demand in Asia.
In a letter to its employees, the hotel, Banyan the Resort Hua Hin, said it could not carry on making cumulative losses at a time when the number of foreign tourists continues to fall sharply due to the coronavirus outbreak. Like many other hotels in the country, a large portion of its guests had been from China, where the virus originated.
