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Travel & Leisure

Thai hotels bet on expansion and recovery from COVID this year

Major chains are adding rooms and building resorts despite Ukraine war impact

As resorts like this one in Dubai await the return of the tourist hordes, analysts say the consequences of the war in Ukraine are likely to negate eased travel restrictions and keep would-be visitors at home. (Photo courtesy of Centara Hotels & Resorts)

BANGKOK -- Thai hotels are spending big on upgrades and new resorts despite fallout from the war in Ukraine making it unlikely that global tourism will recover from its COVID-triggered swoon this year, analysts say.

They have set aside billions of dollars to increase the number of rooms in famous beach towns and hip mountain regions, in Thailand and elsewhere, as they pin their hopes on the hospitality industry defying the analysts and beginning a gradual rebound sometime this year.

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