Why do they anticipate a fall after the election, simple in the end nothing will change. Who ever looses will be protesting I'm glad I don't hold any Hotel stock they got hit hard.
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Tourists cancel rooms, flee red rally
Published: 19/05/2011 at 12:30 PM
Online news:
Tourists have cancelled reservations for about 1,100 rooms at hotels in the Ratchaprasong area ahead of the gathering of the red-shirts this afternoon, Chai Sivikorn, chairman Ratchaprasong Business Operators Association, said on Thursday.
“The loss in revenue as a result of the hotel rooms cancellation is estimated at 5.18 million baht.
"Events planned to be held in Ratchaprasong area today were also cancelled, which will cost businesses about 1.74 million baht,” he said. Total business losses for the day were estimated at 6.92 million baht.
Mr Chai said the business operators at Ratchaprasong area had ordered staff and employees to stop working before 4pm, before the traffic congestion expected to be caused by the red-shirt rally starts to peak.
Some firms told employees to work only half a day today, he added.
The United front for Democracy against Dictatorship was to begin gathering at Ratchaprasong intersection from noon to mark the first anniversary since the crackdown by government forces on red-shirt supporters on May 19, 2010.
UDD chairwoman Thida Thavornseth yesterday gave an assurance the rally will be peaceful and the red-shirts will disperse about midnight.
