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Chiang Mai’s small hotels on sale due to falling Chinese tourist arrivals
14 Sept 03:31 Key points summarised by AI
- Over ten small hotels and hostels in Chiang Mai are for sale, an unprecedented phenomenon, driven by a sharp decline in Chinese tourist arrivals since the Phoenix boat tragedy in July.
- Chinese tourist arrivals dropped 8.8% in Q3, with monthly declines reaching 15% in September, directly impacting the local tourism sector despite a slight overall increase in tourist spending.
