The Tourism Council of Thailand (TCT) has come up with a solution to help cash-strapped unlicensed small hotels whose assets may be confiscated due to excessive banking debts.
Thaneth Tantipiriyakij, president of the Phuket Tourism Council, was speaking after the group -- representing small and boutique hotels with around 200 properties in Phuket -- shared its members' problems with government representatives last month. The council discussed the situation and concluded the talks with a possible solution that could help smaller operators.
With no licences, these hotels have been forced to close and cannot earn enough income to repay their debts.
