Rayong hotels hit by oil sector woes, economic slowdown

Bangkok

HOTELS in Rayong province are struggling as the economic slowdown and lower oil prices hit spending by companies at nearby industrial estates.

Wiwat Tangjitkobboon, Cape & Kantary Hotels' corporate group director, said that hotel demand had plummeted in the past two years.

Many big companies in Rayong related to oil refining have cut their budgets for meetings, overtime and hotel acc…