Thailand’s hotel sector braces for impact of imminent wage hike

BANGKOK: Prime Minister Srettha Thavisin’s Labour Day pledge to raise the minimum wage to 400 baht (RM50) per day from Oct 1 has stirred concern among private firms, especially those in the hotel industry.

Most companies believe this wage increase will lead to a 15-20% rise in the cost of goods and services, posing a considerable challenge to hotels.